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THEIR TENDER ORALLY, WITH AUDIO-VISUAL AIDS.
10. THE OVERALL TENDER EVALUATION PROCEDURE ENCOMPASSED
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(A) A COMPARISON AND EVALUATION OF TENDER PRICES, INCLUDING THEIR NET PRESENT VALUE, WHICH ENABLED PRICES TO BE ASSESSED ON A UNIFORM CASH BASIS:
(B) ASSESSMENT OF TECHNICAL AND MANAGEMENT COMPETENCE:
(C) EVALUATION OF THE PROGRAMME OF CONSTRUCTION, WHICH INVOLVED ASSESSING THE CHANCES OF SLIPPAGE: AND
(D) COMPLIANCE OF THE TENDERERS' PROPOSALS WITH THE CONTRACT CONDITIONS REQUIRED BY THE GOVERNMENT.
TENDER SUBMISSIONS
11. IN EARLY 1991, HKG INVITED TENDERS FOR THE TSING MA BRIDGE CONTRACT FROM A SHORTLIST OF PREQUALIFIED TENDERERS. ON 16 DECEMBER 1991, FOUR VALID TENDERS WERE RECEIVED
(A) HYUNDAI ENGINEERING AND CONSTRUCTION CO LTD (HYUNDAI) MODIFIED TENDER PRICE: HK DOLLARS 4,713 MILLION.
(B)
ANGLO-JAPANESE CONSTRUCTION JOINT VENTURE CANGLO- JAPANESE). MODIFIED TENDER PRICE: HK DOLLARS 7.144 MILLION.
(C) HONG KONG INTERNATIONAL CONSORTIUM (HK INTERNATIONAL).
MODIFIED TENDER PRICE: HK DOLLARS 7,363 MILLION.
(D) LANTAU FIXED CROSSING INTERNATIONAL CALL-JAPANESE) MODIFIED TENDER PRICE: HK DOLLARS 10,960 MILLION.
CTB ASSESSMENT: HYUNDAI.
12. TO BE GRANTED THE TSING MA BRIDGE CONTRACT, HYUNDAI, LIKE ANY OTHER CONTRACTOR, HAD TO ESTABLISH MINIMUM LEVELS OF WORKING AND EMPLOYED CAPITAL (HK DOLLARS 6,800,000 EACH) TO BE QUALIFIED FOR LISTING AS A GOVERNMENT APPROVED CONTRACTOR FOR PUBLIC WORKS.
13. HYUNDAI WAS ABLE TO MEET THESE CAPITAL REQUIREMENTS AT THE TIME OF PREQUALIFICATION IN EARLY 1991, ON THE BASIS OF ITS UNAUDITED HALF-YEARLY ACCOUNTS TO JUNE 1990. HOWEVER, THE
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