TCP awards 440,000MTs urea import contracts

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TCP awards 440,000MTs urea import contracts

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Trading Corporation of Pakistan (TCP) has awarded import contracts for 440,000 metric tons urea.

11 November,2011 09:05 pm

According to TCP, in response to its international gallop tender notice floated on 1st November, on the lowest bid basis contract has been awarded to four (4) different responsive bidders.In all, 13 responsive bidders participated in the tender and quoted prices ranged from US$ 540.75 to US$578PMT (C&F). M/s Dreymoor Fertilizers Overseas PTE Ltd., offered the lowest price of US$540.75PMT C&F initially for 50,000MT. However, they agreed to increase the quantity upto 100,000 MT at the same price. As the offer conformed to all technical specifications and evaluation criteria given in the tender document, the bidder was awarded contract for import of 100,000MT urea.Three more bidders’ viz. M/s. Key trade AG Switzerland, M/s. Transmonia, Switzerland and M/s. Incitec Pvt Ltd., Australia who had quoted higher rates agreed to match the lowest price of US$540.75PMTC&F for supply of 150,000MT, 100,000MT, and 90,000MT respectively. Hence, the contracts for the agreed quantities were awarded to them, as well.A representative of M/s. Transparency International Pvt. Ltd. (TIP) also attended the tender award meeting.