$55M dump truck contract award…El Dorado Trading boss insists his company has track record

Aug 26, 2016 News

Head of El Dorado Trading, Tamesh Jagmohan, has insisted that his company has a proven track

Owner of El Dorado Trading, Tamesh Jagmohan

record in tendering and the equipment supply business.
The executive of the gold trading company was responding to a report yesterday which raised questions over a $55M contract awarded to his company for the supply of two dump trucks to the Ministry of Public Infrastructure (MPI).
According to Jagmohan, for years now he has been supplying equipment and other items to local businesses involved in the mining and construction fields.
With regards to public tendering, Jagmohan insisted that he has also been financing projects for his brother’s company, S. Jagmohan Hardware Supplies and Constructing Services. That contractor has been in the equipment supply business.
The official also produced letters to the National Procurement and Tender Administration Board in which he guarantees financing to his brother’s business.
As recent as 2012, he guaranteed $600M for the Linden water supply rehabilitation, which included mains and distribution network.
On Wednesday, two contractors said they are objecting to what they consider a questionable award of the multimillion-dollar contract for two dump trucks to MPI. They claimed that El Dorado had no track record in supplying.
The 20 cubic yards trucks were for the ministry’s Special Projects Unit. The tenders were opened on April 12.
According to bid information, eight offers to supply the trucks came in. They were Dax Contracting – $70,200,000; Car Care Enterprise – $42,500,000; S. Jagmohan Hardware Supplies and Construction Services- $57,600,000; El Dorado Trading – $55,400,000;
R. Bassoo and Sons – $46,970,000; Industrial Supply of Guyana – $51,639,840; Samaroo Investment – $84,100,000 and Japarts – $50,000,000.

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