The Pakistan Commercial Company (TCP) specified on Sunday that the three offers accepted for the import of sugar were accepted following “of the requirements contained in the rules of the PPRA, 2004”.
Earlier, it was noted by mistake that the TCP had raised objections to documents submitted by two companies and therefore rejected their offers, although they offer prices lower than their tenders to import 200,000 tonnes of sugar.
“The lowest offer of the tenderer (M / S Ed & F Man Sugar, London) was to provide / import of 50,000 Mt, and not 100,000 Mt, as indicated wrongly in the news, and the same thing was accepted at the price cited of 539 USD / MT. Consequently, a letter of acceptance from BID was published which was also accepted by the firm, “said TCP in a declaration.
He said that a single tenderer (M / S Bare Syndicate FZCO) has been rejected for having omitted to provide the compulsory supply security document, making his offer non -reactive. “Thus, the three offers were accepted following the requirements contained in the PPRA rules, 2004.
Consequently, letters of acceptance of tenders were issued to the three bidders for import / supply of 105,000 Mt of sugar, “added the press release.
