Company misses out on demolition project by 21 cents!
Anyone that has ever been involved in preparing a bid document and tender price will know what a soul destroying and ball busting task it can be. So imagine how you’d feel if you then learned that after all your hard work, you missed out on a contract by a measly 21 cents.
Well, that’s precisely the emotions that the team at Construction Project Manager SA in Panama are going through right now, having missed out on the contract to demolish the country’s former US Embassy by precisely that amount.
The country’s Ministry of Economy and Finance had set a target price of $299,600 for the work. The highest bidder – Agro Civil Constructors, Inc. – came in at just under than number with a bid of $299,000. Construction Project Manager SA put in a competitive bid of $284,620.21. But the company was pipped at the post by a low bid of $284,620.00 from Guaranteed Home Consortium Scrap Logic, a winning margin of just 21 cents, or possibly the cost of the stamp used on sending the bid documentation.
They have our sincerest sympathies.
