Public Procurement Service, 49 Construction Bids Including Road Expansion from Munhye to Daegok in Gangwon-do

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 2nd that it will conduct bids for 49 construction projects worth approximately 168.4 billion KRW over five days starting from the 3rd, including the 'Local Road No. 463 Munhye~Daegok Road Expansion Project' in Gangwon Province.

Among the total projects, 31 projects (63%) will be executed as region-restricted bids or region-mandatory joint contracts.

Through this, the Public Procurement Service expects that local companies will win contracts worth about 83.8 billion KRW (50%) based on the construction payment amount.

The order of project volume by region is Gangwon Province with 82.5 billion KRW, Jeonnam with 20 billion KRW, and Gyeongbuk with 18.6 billion KRW. Additionally, a total of 47.3 billion KRW will be ordered in other regions.

The Public Procurement Service will conduct bids for two large-scale projects (over 30 billion KRW), including the 'Local Road No. 463 Munhye~Daegok Road Expansion Project (31.6 billion KRW)' in Gangwon Province, using a comprehensive evaluation bidding system.

For the remaining projects excluding the large-scale ones, bids will be conducted through comprehensive review (simplified type 33.6 billion KRW), qualification review (69.8 billion KRW), and negotiated contracts (1.9 billion KRW), among others.

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