Delay in Decision on Zour Refinery Maintenance Award Worth 73.1 Million Dinars
The Central Tenders Board postponed the decision on awarding the Zour Refinery maintenance contract after financial values were revised.
Translated by Qiyas from الراي — Original source
The Central Tenders Board postponed a decision on awarding the maintenance services contract for the Zour Refinery, owned by Kuwait Integrated Petroleum Industries Company (KIPIC), to Fawaz Trading and Engineering Services Company, which submitted the second-lowest compliant bid.
According to the meeting results published in Al-Qabas newspaper, the revised total value of the proposed award amounted to approximately 73.138 million Kuwaiti dinars, down from 74.502 million dinars, following the correction of a calculation error and price rebalancing.
The Board also reconsidered the request to award the contract for electrical maintenance and precision equipment maintenance services at the Zour Refinery, KIPIC, to APJH Engineering and Contracting Company, which submitted the lowest compliant bid.
The revised total value of the proposed award amounted to approximately 70.087 million Kuwaiti dinars, down from 70.248 million dinars, after correcting a calculation error and rebalancing prices.
