On the processes of tendering. Keywords: bid, contractor, design & build, pre-qualification, tender

Salam and dear all, This piece of news is taken from Property NST at http://properties.btimes.com.my/ on 26th May 2009: Ibsul gets embassy job abroad By Sharen Kaur (9/5/2009) 'Ibsul, controlled by Datuk Ahmad Shafee Sabaruddin, will build the Malaysian embassy building and residences in Islamabad, sources say A privately-held company has beaten much bigger rivals to a multi-million-ringgit contract to build the Malaysian embassy building and residences in Islamabad, Pakistan, sources said. The Public Works Department (PWD) awarded the design-and-build deal to Ibsul Holdings Sdn Bhd, a company controlled by Datuk Ahmad Shafee Sabaruddin, last month. Five companies were pre-qualified by the PWD to make a bid in June last year, endorsed by the Ministry of Finance Inc. Among the bidders were Malaysia's second largest builder, IJM Corp Bhd; construction firm Ahmad Zaki Resources Bhd; Bina Puri Holdings Bhd, a company linked to businessman Tan Sri Syed Mokhtar Al-Bukhary; Nam Fatt Corp Bhd, a construction group; and the Shah Alam, Selangor-based Ibsul. Little-known Ibsul, incorporated on September 17 1984, is a wholly-owned Bumiputera company involved in construction and public works. PWD officials, who spoke on condition of anonymity, told Business Times that Ibsul had made the lowest offer. Another source said that Ibsul had submitted a bid for around RM90 million, or some 10 per cent lower than the amount budgeted by the PWD. The source also said that Ibsul subsequently submitted another bid for RM68 million after the closing of the tender upon the PWD's request. "PWD accepted the second proposal and favoured the company as it said it could do the job at half the price of its rivals'," the source said. Ibsul general manager M.A. Zaaba Yusof declined comment when contacted. It is understood that Ahmad Zaki had submitted the highest bid at RM130 million to RM150 million. IJM had bid around RM120 million, while Nam Fatt and Bina Puri had submitted bids of around RM100 million to RM120 million.' Wassalam.