Times Of Swaziland: HANCY CO. OUTCLASSES BIDDER IN E13M EEC TENDER

HANCY CO. OUTCLASSES BIDDER IN E13M EEC TENDER
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 BY KWANELE DHLADHLA  on 09/11/2018 01:24:00


MBABANE – Hancy Investments has proved its competitive edge by beating its
competitor hands-down in Eswatini Electricity Company’s E13 million tender.
In tender results issued by the Swaziland Public Procurement Regulatory Agency
(SPPRA), it was disclosed that Hancy Construction emerged as the best evaluated
tenderer in the tender for design and construction of Ncandweni- Sinceni and
Ndzevane sub-stations.
The company, with principal offices based in Matsapha, outsmarted Angelique
Swazi Infra with a difference of 19.5 per cent during evaluation. Hancy
Construction scored 90.7 per cent, while its competitor managed to amass only
71.2 per cent.
Apart from the evaluation scores which had an arguably large margin, the best
evaluated tenderer had priced their bid at more than 100 per cent less than what
had been submitted by Angelique Swazi Infra.
Hancy Construction had tendered with a bid price of E13 253 288.43, while the
second-best company submitted a bid of E44 736 817.01.
The tender results signed off by EEC Commercial Service Manager, Busisiwe
Masangane, precisely stipulated that in accordance with the Procurement Act of
2011 a period of 10 working days would be allowed for any application for
review.
“The contract award decision does not constitute a contract,” read the
intention to award in part.
EEC is a power utility, which was formed in 1963 to provide Electricity to the
Eswatini nation by sourcing or generating power using the least cost sources of
energy.