Under the Ministry of Education billion-dollar bids were tendered for the procurement of contractors for civil works at the University of Guyana (UG). The bid was divided into two lots. Lot (1) Faculties of Agriculture and Forestry and Technology; Lot (2) Faculty of Natural Science and School of Earth and Environment Sciences.
The bids were opened yesterday at the National Procurement and Tender Administration Board (NPTAB), Main and Urquhart Streets.
Bidder
Amount
Kares Engineering Inc.
Lot (1) $516.1M
Lot (2) $684.5M (Discounts of 5% offered for both lots)
Correia and Correia Ltd
Lot (1) $735.3M
Lot (2) $1B (Billion) VAT Inclusive
China Railway First Group Company Ltd
Lot (1) $1B
Lot (2) $1.3B
Nabi Construction Inc.
Lot 1&2 $1.2B Vat Inclusive
R Bassoo and Sons Construction Company
Lot (1) $484.8M
Lot (2) $671.5M
Engineer’s Estimate
Lot (1) $357M
Lot (2) $515.8M
Still, within the same sector, bids were submitted for the procurement of laboratory equipment for the University of Guyana.