MINDANAO-BASED contractors have won the P498.09-million contract to expand and improve Butuan’s Masao port, the Philippine Ports Authority (PPA) said.
In a notice of award, PPA said the winner is the joint venture of Evenpar Construction and Development Corp. and UKC Builders, Inc.
“You are hereby instructed to formally enter into contract with us and to post the required performance security in the form and the amount stipulated in the instruction to bidders, within 10 days from the receipt of this notice of award,” PPA General Manager Jay Daniel R. Santiago said.
PPA said failure to enter into the contract and to provide the performance security will cancel the award. The contractor is required to complete the project within 720 calendar days, the PPA said in its invitation to bid.
In the next four years, or until 2028, the PPA is allocating about P16 billion to fund infrastructure works, including 14 flagship projects. — Ashley Erika O. Jose
