Public Procurement Service Announces Bidding for 25 Construction Projects Including Incheon Geomdan Residential Development

Status data on regional restrictions and mandatory joint contracting by region. Provided by the Public Procurement Service

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Public Procurement Service announced on the 5th that from the 6th to the 10th, it will conduct bids for 25 construction projects worth approximately 126.6 billion KRW, including the 'Incheon Geomdan District Residential Land Development Project Construction (Section 3-1)' requested by Incheon Urban Corporation.

All 25 bids are either region-restricted bids or region-mandatory joint contracts, and the Public Procurement Service expects local companies to win contracts worth about 79.3 billion KRW based on construction payments.

Among these, 12 projects worth approximately 33.8 billion KRW are region-restricted bids in which only local companies can participate. Additionally, 13 projects with a total construction payment of 92.8 billion KRW require mandatory joint consortia participation by local companies, and local companies are expected to participate in consortia for projects worth about 45.5 billion KRW.

By region, Incheon has the largest order volume at 53.5 billion KRW, followed by Gyeonggi Province with 37.0 billion KRW. Other regions are expected to have orders totaling approximately 36.1 billion KRW.

Among the projects scheduled for bidding, one project will be bid through the comprehensive evaluation bidding system (53.5 billion KRW), and the rest will be bid through qualification evaluation (73.1 billion KRW).

This content was produced with the assistance of AI translation services.