The proposals to design and build the new set of locks for the Panama Canal will be submitted on March 3.
‘The four prequalified consortia, containing more than 30 companies, will submit their proposals to design and build the new set of locks that will constitute the core of the Canal’s new lane of traffic. The Panama Canal Authority (ACP) has put in place a sophisticated process to select the winner for what will be the largest contract under the US$5.25 billion program. The ACP said that the selection process would build off the ACP’s existing expansion contracting process and would ensure a fair, rigorous and transparent selection. On March 3, consortia submissions will be separated into two submissions: price and technical proposals. The price proposals will be moved to an independent and secure environment and will not be reviewed until the technical proposals have been evaluated and points computed.