Lowest bidders succeed in getting Margalla contract

Cloudy Margalla Hills in the Background of Chi...

Cloudy Margalla Hills in the Background of China Chowk Underpass (Photo credit: Monazza Talha)

ISLAMABAD – The Capital Development Authority has decided to accommodate both the lowest bidders in awarding contract of Margalla Avenue, though efforts were underway to oblige a blue-eyed firm. During an open bidding for the contract, Karachi-based M/s RM Gulistan Engineers and Contractors and Quetta-based Rakhshani Builders had a stiff competition and offered bid worth Rs 500 million, even far lower than the CDA-proposed cost of Rs 740 million.

However, even month after the open bidding, the lowest bidders are yet awaiting award of the work. Earlier, some circles in the CDA lobbied to oblige a blue-eyed firm by convincing competitors to offer bids in connivance with the specific firm, but the said two companies successfully resisted the move. Continue reading

Auctions of Liberty Park shops today

LAHORE – Open auctions of the remaining 54 shops of Liberty Park and Ride Plaza, situated along Main Boulevard, Gulberg, will be held on Tuesday (today) at LDA Community Centre, 239-A, New Muslim Town at 10.am.As many as 15 lower-ground floor, 19 ground floor, and 20 first floor shops besides restaurants on the first floor as well as rooftop will be sold through open auction at this occasion. The auction proceedings will start at 10am by an LDA committee in the presence of media representatives to make the process transparent.

Source: http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/lahore/15-May-2012/auctions-of-liberty-park-shops-today