Trading Corporation of Pakistan (TCP), in response to its tender opened on Wednesday, has awarded contract for import of 80,000 metric tons of urea to the lowest bidder M/s Helm Dungemittel, GMBH at $374.73 per metric ton C&F, says a press release.
The tender was floated on 21 April. In all 15 bids were received out of which 13 were found responsive in terms of prescribed evaluation criteria. The prices quoted in the tender ranged from $374.73 to $414.75 per metric ton C&F. M/s Helm Dungemittel, GMBH offered the lowest price of $374.73 per metric ton C&F for 80,000MT, conforming to technical specifications and terms & conditions of the tender.
Keeping in view the competitiveness and consonance of the price viz-a-viz the international prices of urea, the offer was accepted and the contract was awarded to the lowest bidder accordingly. TCP is importing 130,000MT urea in pursuance of the decision of the ECC of the Cabinet. A fresh tender for the balance quantity of 50,000MT will be issued soon, to complete the total targeted quantity. As per tender terms and condition the shipment of 50,000MT imported urea of this tender would start within 14 days after opening of L/C by TCP.-PR