Public Procurement Service Announces 70 Construction Bids Including Development of Pyeongchon General Industrial Complex in Daejeon

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Public Procurement Service announced on the 29th that it will conduct bids for a total of 70 construction projects worth approximately 408.7 billion KRW, including the Pyeongchon General Industrial Complex construction in Daejeon, over five days starting from the 30th.

Among the 70 projects scheduled for bidding, 52 will be executed as region-restricted bids or projects requiring mandatory joint contracts with local companies.

Through this, the Public Procurement Service expects that about 152.8 billion KRW (37%) of the total construction payments will be awarded to local companies.

Large-scale projects worth more than 30 billion KRW account for 14% of the total construction payments, including the Pyeongchon General Industrial Complex construction project, estimated at 59.1 billion KRW.

The share of construction payments by region is significant, with Gyeonggi-do at 113.5 billion KRW, Daejeon City at 61.0 billion KRW, and Chungbuk Province at 41.7 billion KRW. Additionally, a total of 192.5 billion KRW will be ordered in other regions.

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