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MDHIAN 3006
TECHNICAL ABILITY.
19.
HYUNDAI'S MODIFIED TENDER PRICE WAS SO LOW THAT, IN THE VIEW OF THE TAT, IT WAS HIGHLY LIKELY THAT MANY IF NOT ALL THE COST CENTRES IN THE CONTRACT WOULD TURN IN A LOSS TO THE TENDERER. HYUNDAI WAS ASSESSED TO HAVE UNDERESTIMATED THE WORKS INVOLVED IN TERMS OF QUALITY, SCOPE, RESOURCES AND PRICE.
20.
TECHNICALLY, HYUNDAI'S BID WAS EVALUATED AS THE WEAKEST OF ALL THE TENDERS SUBMITTED. FOLLOWING DETAILED TECHNICAL CLARIFICATIONS, THE TAT ESTIMATED THE PROBABILITY OF HYUNDAI COMPLETING THE TSING MA BRIDGE ON TIME AS BEING LOWER THAN FOR THE OTHER TENDERERS. ONE OF THE REASONS FOR THIS EVALUATION WAS THAT HYUNDAI HAD DEMONSTRATED A RELATIVELY POOR APPRECIATION OF THE TECHNICAL, MANAGENMENT, STAFFING AND PROGRAMMING DEMANDS FOR THIS DIFFICULT PROJECT. FURTHERMORE, THEIR PROPOSED SOURCE OF SPUN CABLES FOR THE BRIDGE WAS AN AMERICAN COMPANY WHICH LAST MANUFACTURED SUCH CABLES TWENTY YEARS AGO. ALTHOUGH THE TECHNOLOGY HAS NOT CHANGED, THIS FACTORY WOULD HAVE HAD TO ESTABLISH A PLANT IN ZHUHAI, CHINA, INSTALL THE NECESSARY EQUIPMENT AND EMPLOY STAFF. SHOULD THEY HAVE FAILED TO MEET THE NECESSARY TARGETS FOR THIS PART OF THE PROJECT, THEY MIGHT HAVE BEEN FORCED TO LOOK ELSEWHERE FOR THE CABLES. THIS COULD HAVE RESULTED IN DELAYS.
21. AGAINST THE ABOVE BACKGROUND, THE CTB DECIDED THAT THE TSING MA CONTRACT SHOULD NOT/NOT BE AWARDED TO HYUNDAI.
CTB ASSESSMENT: ANGLO-JAPANESE
22.
APART FROM THEIR TENDER PRICE BEING SECOND LOWEST, THE ANGLO-JAPANESE CONSORTIUM CAME FIRST AMONGST OTHER TENDERERS 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 WAS ASSESSED AS THE LOWEST. THE CONSORTIUM HAS ALSO COMPLIED WITH THE GOVERNMENT'S STANDARD REQUIREMENTS ON EMPLOYED AND WORKING CAPITAL.
CTB ASSESSMENT: HK INTERNATIONAL AND ALL-JAPANESE.
23.
THE BIDS SUBMITTED BY THE HK INTERNATIONAL AND THE ALL- JAPANESE CONSORTIA WERE BOTH TECHNICALLY SOUND. HOWEVER, THE TENDER PRICES WERE ABOVE THAT OF THE ANGLO-JAPANESE. HK
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