Public Procurement Service Announces 73 Construction Bids Including Typhoon Damage Repair at Oryukdo Breakwater

Status of Regional Restrictions and Mandatory Joint Contracting by Region. Provided by Public Procurement Service

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Public Procurement Service announced on the 12th that from the 13th to the 17th, it will conduct construction bids worth approximately 163.1 billion KRW for 73 projects, including the Ministry of Oceans and Fisheries Busan Regional Maritime Affairs and Fisheries Office's demand for the "Busan Port Jodo and Oryukdo Breakwater Typhoon Damage Restoration Project."

Among these, 52 projects (71% of the total), including the demand from Geoje City, Gyeongnam for the "Geoje Central Public Sewage Treatment Facility Expansion Project," will be bid as region-restricted bids or region-mandatory joint contracts.

Through this, the Public Procurement Service expects that local companies will win contracts worth approximately 83 billion KRW (51% of the total) based on construction payments.

By region, the order volume is highest in Gyeongnam with 32 billion KRW, Busan with 31.8 billion KRW, and Jeonbuk with 24.4 billion KRW, with a total of 74.9 billion KRW to be ordered in other regions.

The Public Procurement Service will conduct the bid for the Busan Port Jodo and Oryukdo Breakwater Typhoon Damage Restoration Project (316 cases) using a comprehensive evaluation lowest price system, while other bids will be conducted through qualification evaluation (129.2 billion KRW) and negotiated contracts (2.3 billion KRW).

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