Locks Contracting Auditor News

In a move to ensure a fair, open and transparent process in the awarding of the largest contract under the Panama Canal Expansion Program, the Panama Canal Authority (ACP) selected Deloitte as the ACP’s new third set of locks contracting auditor on Feb. 10. In that capacity, Deloitte will oversee the technical aspect for the new third set of locks contract. Specifically, Deloitte will work closely with the ACP to audit, verify and certify that the ACP’s Evaluation Committee follows the rigorous analysis process to evaluate the technical proposals to be submitted by the qualifying consortia. “All ACP contracts undergo a very rigorous process to ensure fairness and transparency,” said Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta.