A $3 billion increase in the bid price for the Linden to Mabura Hill road upgrade project is the result of an addition for contingencies and Minister of Public Works Juan Edghill has said it is not unusual for bid prices to be “corrected” during the evaluation stage of tenders.
Documents seen by Stabroek News show that Brazilian firm, Construtora Queiroz Galvao S.A was listed as the most responsive bidder but it did not add 10% for contingencies and there was also a minor arithmetical error. The company was notified and subsequently accepted the error and changed the bid price, moving it from $29, 546747,077.22 (after a discount from $30,618,722,436) to $32,501,421,713.