Public Procurement Service Announces Bids for 75 Construction Projects Including Road Expansion from Ihwa to Samgye in Gyeonggi-do

Status data on regional restrictions and regional obligation joint contracts by region. Provided by the Public Procurement Service

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Public Procurement Service announced on the 28th that from the 29th, it will conduct bids for 75 construction projects worth approximately 351.7 billion KRW over five days, including the road expansion and paving project on Local Road No. 302 from Ihwa to Samgye (2) in Gyeonggi Province.

The bids include 56 projects (75% of the total), such as the road construction project from Bonggang to Muan in South Gyeongsang Province, which will be subject to regional restriction bidding or mandatory regional joint contracting.

Through this, the Public Procurement Service expects that local companies will win contracts worth about 148.7 billion KRW (42% of the total) based on construction payments. The scale of regionally restricted bidding projects, where only local companies participate, is also expected to be 44 projects worth approximately 68.6 billion KRW, according to the Public Procurement Service.

By region, South Gyeongsang Province has the largest order volume at 100.5 billion KRW, followed by Gyeonggi Province with 80.3 billion KRW, and Jeollanam Province with 37.7 billion KRW. Additionally, a total of 133.2 billion KRW will be ordered in other regions.

The Public Procurement Service will conduct bids for three projects, including the road expansion and paving project on Local Road No. 302 from Ihwa to Samgye (2) in Gyeonggi Province (worth approximately 66.5 billion KRW), using the comprehensive evaluation bidding system. The Busan Port New Port disaster prevention facility installation project (worth approximately 34.9 billion KRW), requested by the Busan Regional Maritime Affairs and Fisheries Office of the Ministry of Oceans and Fisheries, will be conducted using the comprehensive review bidding system.

In addition to these large-scale projects (over 30 billion KRW), other projects will be executed through comprehensive review (70.6 billion KRW), qualification review (103.5 billion KRW), and negotiated contracts (1.6 billion KRW), respectively.

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