News
Bids from seven companys were recived for BUD-01 Budarhals Civil Works
On 26 August 2010 bids for BUD-01 Budarhals Civil Works pursuant to Contract Documents BUD-01 dated June 2007 were opened.
The sequence of the tenderer is the same as in the tender opening. The tender amounts are without any discounts that may have been offered. Any such discounts may change the ranking of the tenders.
Following bids were opened and read aloud:
LOT 11 - Sporðalda Dam and Reservoir
| Tenderer's Name | Amount in Icelandic krónur (ISK) |
Amount in foreign currency (USD) |
Grand total in icelandic krónur (ISK) |
% of cost Estimate |
| Ístak hf., Iceland | 2 404 620 902 | 2 404 620 902 | 95,4% | |
| China International Water & Electric Corp., China |
2 043 382 845 | 81 577 821 | 11 883 299 614 | 471,6% |
| Búðarafl sf., Iceland | 2 300 843 221 | 2 300 843 221 | 91,3% | |
| Suðurverk hf., Iceland | 2 540 118 025 | 2 540 118 025 | 100,8% | |
| Designer Cost Estimate | 2 519 828 769 |
LOT 14 - Headrace Tunnel
| Tenderer's Name | Amount in Icelandic krónur (ISK) | Amount in foreign currency (USD) |
Grand total in icelandic krónur (ISK) | % of cost Estimate |
| Ístak hf., Iceland | 4 164 351 329 | 4 164 351 329 | 74,2% | |
| China International Water & Electric Corp., China |
3 626 959 581 | 106 975 642 | 16 530 361 519 | 294,7% |
| DYWIDAG International GmbH., Germany | 4 355 199 719 | 58 050 445 | 11 357 244 395 | 202,5% |
| Búðarafl sf., Iceland | 4 692 580 133 | 4 692 580 133 | 83,7% | |
| Designer Cost Estimate | 5 608 748 973 |
LOT 15 - Powerhouse
| Tenderer's Name | Amount in Icelandic krónur (ISK) | Amount in foreign currency (USD) |
Grand total in icelandic krónur (ISK) | % of cost Estimate |
| Ístak hf., Iceland | 3 623 185 660 | 3 623 185 660 | 79,3% | |
| China International Water & Electric Corp., China |
2 365 690 818 | 69 619 820 | 10 763 233 506 | 235,5% |
| Jáverk ehf., Iceland | 4 868 973 784 | 4 868 973 784 | 106,6% | |
| Búðarafl sf., Iceland | 3 598 100 864 | 3 598 100 864 | 78,7% | |
| Eykt ehf., Iceland | 4 933 497 996 | 4 933 497 996 | 108,0% | |
| Designer Cost Estimate | 4 569 474 068 |