Taipei City gov't yet to forfeit Twin Towers bidder's deposit
By Lauly Li, The China PostTAIPEI, Taiwan -- Taipei City yesterday said the disqualified Twin Towers bidder's bid bond of NT$130 million has yet to be forfeited, as the city government is still dealing with administrative procedures with the bidder — Taipei Gateway International Development Co., Ltd. (TGID, 太極雙星).
March 13, 2013, 12:15 am TWN
Tsay Huel-sheng (蔡輝昇), Department of Rapid Transit Systems (DORTS, 捷運局) commissioner, said the bid bond is a considerably large sum of money, thus the procedures must be verified by the Department of Legal Affairs (法務局), Department of Finance (財政局) and the city before the government officially forfeits TGID's bond.
Tsay said the city government will contact the second-place bidder, BES Engineering Corp. (BES, 中華工程), only when the city government has completed all interactions with the first-place bidder.
Earlier in mid-February the TGID, the construction consortium that won the bid to construct the Taipei Twin Towers project, failed to deposit the required performance guarantee of NT$1.89 billion.
Tsay said the city government will finalize the case before the end of March at the earliest.
BES Can Refuse City's Adjustments
Tsay said there is no timetable for when the city government will officially contact BES. “We must wait until we terminate relations with TGID,” Tsay said.
Once the city government officially sends a letter to BES, the construction consortium must respond within 30 days before signing the contract, Tsay said.
Tsay said if the city government proposes adjustments to BES' construction proposal, which require the firm to change the details of its original proposal, then the firm has the right to not accept the changes.
Under this potential scenario, Tsay said even if the bidder does not sign the contract with the city, the city has to return the bid bond to the bidder.
Tsay said in order to ensure the Twin Towers project's construction details tally with the city government's expectations, the DORTS and the other departments in the city government will review BES' proposal cautiously.
Tsay stressed that “the DORTS will not be the only decision maker on the Twin Towers project.”
Tsay said the city government will pay attention to the second-place bidder's financial status regarding its capability to construct the Twin Towers project.