Bid proffered by international contractors for the construction of the headquarter building of the Commercial Bank of 
Ethiopia were revealed last week.
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.The identity of the company handling the ‘contract administration and supervision’ is still not known although it was expected that the selected company would take part in evaluating the ‘design and build’ bidder’s alleged sources.
It is to be remembered that the design work was initially awarded to a partnership between German firm, HENN Architecten and domestic consultancy company Universal Consultant but that the collaboration faltered amidst unexpected disputes on profit sharing mechanisms between the partners.
While the conflict between the two sources is said to have to a resolution the evaluation of the financial proposals for contractors was not attended by representatives from either company according to sources.
The contractors presented their conceptual design and model for the building expected to be 46 storey’s high in accordance with newly established Addis Ababa City Administration.
Source: The Reporter
