oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

Oil Fund's New Premises Refurbishment Tender

30 Dec 2002 11:00:00

Oil Fund's New Premises Refurbishment Tender

30 Dec 2002 11:00:00
The State Oil Fund of Azerbaijan (SOFAZ) has been provided with new administrative premises located at 20 BulBul Street, Baku. The Cabinet of Ministers of Azerbaijan made a decision to transfer the administrative block of the Nizami cinema complex to the Fund.

This administrative block has for a long period been leased to a number of commercial and non-commercial tenants and therefor requires refurbishment, including reconstruction of an elevator and the central water heating and air-conditioning systems.

In compliance with the State Procurement Law of Azerbaijan, a Tender Committee comprising representatives of SOFAZ and representatives of the Ministry for Economic Development, Ministry of Culture and the State Committee on Architecture and Construction was formed and an open tender of three lots to undertake the necessary refurbishment works was announced in November and December 2002 in the press.

Bids for all lots were opened on December 25, 2002 (see list of bidders and financial proposals below).

The Tender Committee, basing on evaluation of the bids, has awarded contracts on all three lots to Capitol, a local construction company. Capitol is a Baku-based privately owned construction company which has constructed several residential high-rise buildings and refurbished a number of administrative buildings in Baku.

Information on the tender bidders and their offers
Lot - 1. General repair - construction works

Name of the challenger

The amount of offer
(thousand manats)

Position

1Kapitol company (Azerbaijan)

1.462.131,7

I

2Azerkandtikinti JSC company

1.597.193,0

II

3BS IH (Baku Construction and The City Progressing Department)

1.690.327,0

III

4MAQ LTD company (Azerbaijan)

1.750.162,0

5CCCo LTD company (Azerbaijan)

1.790.679,0

6A+A company (Azerbaijan)

1.935.666,0


Lot - 2. Heating equipment, conditioning and installation of the ventilation system.

The name of the Challenger

The amount of offer
(thousand manats)

Position

1

A+A company (Azerbaijan)

375.401,0

I*

2

Kapitol company (Azerbaijan)

365.774,6

II

3

Bakond company (Azerbaijan)

464.802,0

III

4

2M Engineering Co (Azerbaijan)

601.064,9


* Because the first place A+A company did not proceed with signing the contract, the winner will be the second placed Kapitol company.

Lot - 3. The reinstallation of the elevator.

The name of the Challenger

The amount of offer
(thousand manats)

Position

1

Kapitol company (Azerbaijan)

171.500,0

I

2

Lifttamir Industrial company

219.000,0

II

3

Infotek company (Azerbaijan)

393.145,7

III

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