×
Friday, November 29, 2024

OGDCL to award $85m Uch project to firm against audit dept’s advice - Profit by Pakistan Today

Last updated Friday, September 16, 2022 14:53 ET

ISLAMABAD: In a move against its audit department’s advice, the Oil and Gas Development Company Limited (OGDCL) is all set to award an $85 million worth Uch Front End Compression Facility Project to a firm where high-ups are alleged to have personal links.
Profit has learnt that the tender for the UCH Front End Compression Facility Project was prepared to benefit an industrialist. They informed that the bid documents submitted by two bidders participating in the process are also identical.
According to a spokesman of OGDCL, the contract will be awarded on the basis of the most advantageous bid from technical and financial perspectives whereas the procurement process has been concluded strictly in accordance with the Public Procurement Regulatory Authority’s (PPRA) framework and the company’s procurement manual.
However, sources informed Profit that former General Manager (GM) OGDCL Imran Shoukat, through a WhatsApp text message sent in a group named OGDCL YOUNG GOLDIES, has already informed group members whom present Managing Director (MD) Syed Khalid Siraj Subhani will award the tender to before leaving office.
They further informed that the company’s audit department has recommended cancelling the tender as the criteria seems to be tailor made, bringing the competition down to only two bidders. In addition, both bidders are supplying equipment produced by a single manufacturer despite different vendors being available in the market.
It is relevant to note that the...



Read Full Story: https://profit.pakistantoday.com.pk/2022/09/16/ogdcl-to-award-85m-project-to-firm-against-audit-depts-advice/

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.