Lagos State Water Corporation Publication of Awarded Contracts - Dredging of Adiyan River

Publication of Awarded Contracts

Bid/Contract Description: Dredging of Adiyan River
Duration: 6 Months
Contract Signature Date 12/05/08

Awarded Bidder
Chase Dredging and Construction Nigeria Ltd
Bid Price at Bid Opening: NGN277,866,750.00
Final bid price: NGN277,866,750.00

Evaluated Bidder(s)
1.) Folad Contruction & Engineering Ltd
Bid Price at Bid Opening: 248,660,000.00
Bid price of evaluated (NGN): 248,660,000.00

2.) Bussdor & Company Ltd
Bid Price at Bid Opening: 199,488,300.00
Bid price of evaluated (NGN): 199,488,300.00

3.) Accurist Marine & Dredrsing
Bid Price at Bid Opening: 421,580,000.00
Bid price of evaluated (NGN): 427,580,000.00

4.) Lukam Nig. Ltd
Bid Price at Bid Opening: 193,925,870.00
Bid price of evaluated (NGN): 193,925,870.00

5.) Delcon Engineering Co. Ltd
Bid Price at Bid Opening: 107,763,708.00
Bid price of evaluated (NGN): 107,763,708.00

6.) Chase dredging and construction Ltd, Nigeria
Bid Price at Bid Opening: 277,886,750.00
Bid price of evaluated (NGN): 277,866,750.00

Rejected Bidder(s)
1.) Folad Contruction & Engineering Ltd
Bid Price at Bid Opening: 248,660,000.00
Reason(s) for rejection: Power of Attorney not provided, Qualification not completed, Technical Proposal not provided

2.) Bussdor & Company Ltd
Bid Price at Bid Opening: 199,488,300.00
Reason(s) for rejection: Qualification not completed, Bid security not included

3.) Accurist Marine & Dredrsing
Bid Price at Bid Opening: 421,580,000.00
Reason(s) for rejection: Power of Attorney not provided, Floating pontoon not provided, Relevant Personnel not provided

4.) Lukam Nig. Ltd
Bid Price at Bid Opening: 193,925,870.00
Reason(s) for rejection: The bidder lacks adequate financial resources

5.) Delcon Engineering Co. Ltd
Bid Price at Bid Opening: 107,763,708.00
Reason(s) for rejection: Bid was rejected based on the following (a) Invalid financial reports, (b) In adequate dredging experience and bid price is adjudged to low to be practicable