Three consortia submit bids for Panama Canal locks

Following the Panama Canal Authority’s (ACP) announcement of the opening of the bid process for the construction of the new set of locks, it has received proposals from three consortia.

The consortia submitted their price and technical proposals. The envelopes containing the price proposals, including the ACP’s owner’s price, were signed by the Notary Public, the ACP Contracting Officer and the Canal’s Inspector General and were placed in a box and moved to Panama’s National Bank to be locked in an independent and secure environment. These price proposals together with the owner’s price will not be opened and reviewed until the technical proposals have been evaluated. Points for both aspects will be computed in a subsequent public forum. The technical proposals will be studied and evaluated immediately by the Evaluation Committee, comprised of 15 qualified ACP employees, with substantial and diverse technical experience. All Committee members have signed confidentiality and conflict of interest agreements. During the evaluation process, more than 40 local and international experts will be on hand to support the Committee that will work in coordination with the official ACP Contracting Officer. Deloitte will serve as auditor and will review the process and certify that the Committee follows the thorough procedure to evaluate the bids. Upon completion of the evaluation, the Contracting Officer will call for another public forum to examine the price proposed by each consortium to execute the project.

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