Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.
Revised prices have been opened by the Central Tenders Committee for the engineering, procurement and construction (EPC) package on the Shuaiba aromatics complex, planned by Kuwait Aromatics Company (Karo). Despite changes to the project’s scope and a reduction in contractor risk, prices again came in well above the original budget of above $1,000 million (MEED 8:7:05). As in the original bid, the Italian/South Korean joint venture of Tecnimontand SK Engineering & Construction(SKEC)submitted the low bid in the repricing exercise, quoting $1,237 million, some $58 million below its initial offer. It is followed by GS Engineering & Construction, also of South Korea, with a revised price of $1,259 million, and Paris-based Technipat $1,291 million.