Public Procurement Service Announces Bidding Notices Worth 3.9 Trillion KRW for 198 Large-Scale Projects

Status of Large-scale Project Competitive Bidding Announcements in October (Planned) Data. Provided by Public Procurement Service

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Public Procurement Service plans to announce bids for 198 large-scale projects worth approximately 3.9 trillion KRW this month.

According to the Public Procurement Service on the 4th, the competitive bids for large-scale projects scheduled for announcement this month include 178 new announcements worth 2.272 trillion KRW, 17 carry-over announcements worth 885.1 billion KRW, and 3 re-announcements worth 744.4 billion KRW.

The new bid announcements include approximately 1.66 trillion KRW worth of 53 construction projects, such as the ‘Sunchang Ingye~Ssangchi Road Facility Improvement Construction (Sections 1 and 2)’, selected in the 2019 National Balanced Development Project.

For goods, contracts worth 368.1 billion KRW across 41 cases, including the ‘Annual Unit Price Contract for Ductile Tile Cast Iron Pipes’, will be pursued, and for services, contracts worth 243.8 billion KRW across 84 cases, including the ‘Integrated Maintenance and Management of Digital Budget Accounting System Computer Equipment’, will be promoted.

The volume of new announcements scheduled for this month (based on amount) is about 85% of the volume announced last month. However, considering that large-scale project bids are requested and announced within the same month, the actual announcement may vary depending on the circumstances of the demand institutions.

Further detailed information regarding this month’s large-scale project bids can be found on the Nara Marketplace website (Bid Information).

Meanwhile, major projects by sector include ▲ Construction sector: ‘Yeongdong-daero Underground Space Complex Development Construction ? Architecture & Systems (Demand from Seoul Urban Infrastructure Headquarters)’, ‘Sunchang Ingye~Ssangchi Road Facility Improvement Construction (Demand from Iksan Regional Land Management Office, Ministry of Land, Infrastructure and Transport)’, ‘Pangyo Water Quality Restoration Center Sewage Treatment Capacity Expansion Project (Demand from Seongnam City, Gyeonggi Province)’ ▲ Goods sector: ‘Unit Price Contract for Ductile Tile Cast Iron Pipes (Various Public Institutions)’, ‘Purchase of Stockpiled Health Masks (KF-94) (Demand from Public Procurement Service)’, ‘Construction and Purchase of Two Medium-sized National Port Firefighting Vessels (Demand from Central 119 Rescue Headquarters, National Fire Agency)’, ‘Second Phase Digital-Based Classroom Environment Construction (Demand from Busan Metropolitan Office of Education)’, ‘Purchase and Installation of Fourth Phase Electronic Display Boards at Incheon International Airport (Demand from Incheon International Airport Corporation)’ ▲ Services sector: ‘2023 Integrated Maintenance and Management of Digital Budget Accounting System Computer Equipment (Demand from Korea Fiscal Information Service)’, ‘2023-2024 Integrated Maintenance and Repair Project for Information Systems (Demand from Defense Acquisition Program Administration)’, ‘Next-Generation Tax Settlement System Construction (Demand from Korea Asset Management Corporation)’, ‘2023 Disease Control Agency Call Center (1339) Outsourced Operation (Demand from Disease Control Agency)’, etc.

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