с
07-MAY 1992 18:29
BRITISH TRADE COMM
- 4-
....
P: 120
"Contractors need adequate working capital to maintain
finance outgoings can
liquidity
contract.
so that
they
Adequate employed capital is
оп the
needed for the
purchase of fixed assets such as construction plant and
other capital equipment.
"Means to meet Our
Hyundai by way of
irrevocable letter of
requirements were pointed out to
an inter-group guarantee and an credit to cover that part of the
employed and working capital deficiency that Hyundai were not able to meet by other means. Hyundai have not been able to offer us satisfactory assurances that their position would be corrected.”
The tender evaluation procedure carried out by the Hong Kong Government has encompassed:
team
The
a) а comparison and evaluation of tender prices,
including their net present value which enables
prices to be assessed on a uniform cash basis;
bi
assessments of technical and management
competence;
c) evaluation of the programme for construction;
d) compliance with Government contract conditions.
Government was advised on technical matters by a of international experts in suspension bridge construction.
Except for its tender price being second lowest, the Anglo-Japanese consortium came first against all the assessment criteria. The consortium is very experienced in major bridge construction, including large suspension bridges, and in achieving requisite quality standards. The risk of project delay is assessed as the lowest. The cons
has also complied with the Government's standard
onmployed and working capital.