Audit saves P39m on SSKIA tender

“Because this was a completion job, naturally contractors tend to overstate bid prices and scopes of work as they seek security in case they discover defects from the previous contractors. But as we went through the clarification process, we eliminated lots of aspects, which normally would have gone through unchecked. In the end, Stefanutti Stocks bid was slashed from P182 million to P143 million, saving about P39 million of government funds,” he said.

Stefanutti has been given 239 days to complete the job that stalled after government terminated the contract of Sinohydro. The government moved after the Chinese company failed to complete the airport’s expansion within time and cost. At the time of termination, the airport’s construction was two years and two months beyond deadline and P150 million above the original P433 million budget.