Kuwait receives bids for oil company office building

25 July 2011

Fourteen local firms submit bids for construction project

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).

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