Sinopia News Top

Competition Underway for Commercial Bank of Ethiopia HQ Project

The collaboration of Beza Consultants and Engineering plc and American A1 Consulting Group is in competition with the partnership between Ultimate Plan plc and Egyptian Arab Consulting Engineers for design review and contract administration for the construction of the Commercial Bank of Ethiopia, Head quarters.

The Bank is in the process of evaluating international construction firms to handle the ‘design and build’ turnkey contract to construct its 46-storey Head Quarter building to be located in Addis Ababa.

CBE officials were not able to comment on the status of the bidding process at this time. 

It is to be remembered that bids proffered by international contractors for the construction of the headquarter building of the Commercial Bank of Ethiopia were opened two weeks ago.

The largest sum of money proposed proved to be the 6.4 billion birr offered by China Jiangizu International, while the China State Construction submitted a financial proposal of more than 4.5 billion birr. The last company, of the three that had acceptable technical proposals,  Associated Construction and Investment, a Dubai-based construction company offered the lowest bid of more than 3 billion birr.

Indian contractors Shakoji Palonji Middle East and Egyptian Arab Contractors failed to measure up to the detailed evaluation of the proposals submitted for the ‘design and build’ of the commercial bank project according to sources.

Source: Addis Fortune