Financial Bids of Faisal Avenue Underpass

ISLAMABAD: Capital Development Authority (CDA) after completing technical bids has now completed the process of Financial bids of underpass being constructed at Faisal Avenue G-7/G-8.

In the first phase, technical bids were opened and after scrutiny bids of 11 firms were accepted. Technical evaluation and recommendations of technical committee financial bids of four (04) pre-qualified firms were opened on Monday. The lowest bid was received from M/s. Habib Construction Services which is 2% below the estimated cost of the project. Total estimated cost of the project is RS.395 millions.

It is pertinent to mention here that incumbent management of the Authority not only prioritized the project but also took practical steps to make it implementable. After completing of codel formalities, CDA-DWP in its 43rd meeting approved the time extension in execution/implementation for the construction of this long-awaited facility. However, it was ensured that the cost and location of the project will remain unchanged. In light of the decision, CDA through advertisements sought technical and financial bids. Consequent upon the opening of technical bids now financial bids of the project have now been opened. After fulfillment of codel formalities and approval from competent forum work would be awarded to the firm which has given lowest bid.

Construction of underpass at Faisal Avenue G-7/G-8 will not only help ensure smooth traffic flow but would also resolve other longstanding issues of the city. The underpass will improve traffic flow at Faisal Avenue by linking the east and west parts of the city.

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