Trading Corporation of Pakistan (TCP), in response to its tender has awarded contract for import of 150,000 metric tons (MTs) of urea to the lowest bidder. According to a press release, in all 15 bids were received out of which 14 were found responsive in terms of prescribed evaluation criteria against the tender issued on July 30. The prices quoted in the tender ranged from US $311.71 to US $320.90 PMT (C&F).
Trammo AG, Switzerland offered the lowest price of US $311.71 C&F for 150,000 MT conforming to technical specifications and terms and conditions of the tender. Keeping in view the competitiveness and consonance of the price vis-a-vis the international prices of urea, the offer was accepted and the contract was awarded to the lowest bidder accordingly. With the award of this tender TCP has completed the import of total targeted quantity of 300,000 MT assigned to it by the ECC of the Cabinet.-PR