While the design phase of the West End Ferry Terminal project is still underway, significant developments have been made as the Recovery and Development Agency (RDA) announces the receipt of nine submissions for the prequalification of contractors for the construction phase.
These submissions mark a significant step toward the realisation of the project, which aims to enhance transportation infrastructure and provide improved services to residents and visitors.
The RDA has commenced the evaluation process to carefully assess each submission and determine a shortlist of firms to be invited for bidding on the construction works. A thorough evaluation will ensure that only qualified contractors are selected for this crucial undertaking.
The RDA anticipates completing the evaluation and shortlisting process no later than July 15, 2023 and promises to provide timely updates on the process.
To ensure fairness and transparency, the RDA has established stringent eligibility requirements for applicants. Contractors must meet specific criteria, such as having over 50% beneficial ownership by citizens or bona fide residents of eligible countries, or being owned or controlled by an autonomous government that complies with the Caribbean Development Bank (CDB) Guidelines for Procurement (2006). Eligible countries include member countries of the CDB.
The prequalification requirements also encompass the financial capacity and experience of the contractors.
The RDA expects applicants to demonstrate an average annual turnover of at least US$13,000,000 over the past five years. Additionally, contractors must exhibit a demonstrable cash flow of at least US$5,000,000 equivalent, including access to credit.
Experience as a prime contractor in the construction of assignments similar in nature and complexity to the proposed project, valued at a minimum of US$15,000,000 each, is necessary for compliance. These assignments should have reached at least 70% completion to meet this requirement.