Kuwait Oil Company (KOC) has received bids for the contract to build the new Al-Tameer building in the Ahmadi area of Kuwait.
Fourteen local contractors submitted bids on 10 July for the main construction package on the project.
The local Khalid al-Kharafi & Sons submitted the low bid of KD35.1m ($128.4m). This was 9 per cent lower than the KD38.7m price submitted by the second-lowest bidder, the local Kuwait Building House & Contracting Company.
The local International Buildings Company submitted the third-lowest price of KD39.7m.
KOC previously tendered the contract to build the new Al-Tameer office building in 2008. The client received bids from three local contractors, with Khalid Ali al-Kharafi & Brothers Company submitting the low bid of KD41.5m ($157m).
The scope of the original project covered the construction of a three-floor building with 48,000 square metres of floor area. It was scheduled to include a 120-seat auditorium and a 150-seat banqueting hall (MEED 22:7:08).