Panama Canal Receives Bids, Dry Excavation

Thursday, December 24, 2009

The Panama Canal Authority (ACP) received four bids on Dec. 22, moving the ACP one step closer to awarding the fourth dry excavation (PAC-4) contract under the waterway’s Expansion Program. Now, the ACP will thoroughly analyze the technical and financial submissions and award the contract in the coming weeks.
 
Similar to the three prior dry excavation projects, the ACP will award the contract to the firm with the lowest-priced bid that meets all of the requirements stated in the request for proposals. Over the next few days, the ACP will review the documents submitted by the lowest bidder to verify the company’s experience, technical capacity, financial strength and bonding before awarding the contract.
 
Below are the companies that submitted bids and the corresponding bid prices:
COMPANY    BID PRICE
Odebrecht    $379,803,132.13
Jan de Nul – Chec    $359,102,231.18
FCC-ICA-Meco    $267,798,795.99
ISC Panamá    $294,913,000.00
(Note: All prices in U.S. dollars.)
 
“We marked an essential milestone today with the receipt of the PAC-4 bids and appreciate the interest from each competing firm,” said ACP Executive Vice President of Engineering and Program Management Jorge L. Quijano. “As the second largest expansion contract, PAC-4 represents the most complex project after the construction of the new set locks. As usual, this will undergo the same fair, rigorous and transparent contracting process.”
 

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Concordia Maritime Charters 2 P-MAX Tankers

Concordia Maritime signed time-charter contract for two P-MAX tankers and launched a pool with four vessels. The time-charter contracts are with Stena Bulk and

EU Regs on Ship CO2 Reporting Complicates IMO Agreement

ICS Concerned that EU will Preempt IMO CO2 Negotiations.   The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1187 sec (8 req/sec)