City Chamber complains to Local Content Secretariat over contract bundling in oil sector

Timothy Tucker

The Georgetown Chamber of Commerce and Industry (GCCI) has lodged a complaint with the Local Content Secretariat over the practice here by foreign companies of bundling contracts for services in the oil and gas sector to the disadvantage of local companies.

GCCI President Timothy Tucker told Sunday Stabroek of the complaint in light of the recent revelation that US-based medical services provider RemoteMD charged large fees for COVID-19 testing after obtaining the contracts and then subcontracting the work to local companies.

He posited that while locals are fully capable of executing some jobs required by big oil companies and their subcontractors, the jobs are being lumped into contracts with other work that requires the prospective contractor to have years of oil and gas experience.