Bids for major open-air stage rebuild above estimates

Take note – story published 6 years ago

All bids for the first round of reconstruction of Mezaparks Grand Stage exceed the amount of financing available for the project by €6 million to €10 million, Riga City Council's Property Department Director Olegs Burovs (Honor to Serve Riga) said on March 24.

The total amount of financing planned for the project is €19,401,698, without value added tax, or €23,476,055 with VAT.

The Riga City Council received three bids for reconstruction of the Mezaparks Grand Stage, and all three were opened yesterday.

Association of Lemminkainen Latvija and Lemminkainen Eesti offers to implement the first round of the Mezaparks Grand Stage reconstruction project for €24,584,553 (without VAT - €29,747,309 with VAT).

The association of Re&Re and LNK Industries is ready to implement the project for €26,743,104 (without VAT - €32,359,156 with VAT).

The association of companies Monum and UAB Litana ir Ko will implement the project for €27,521,570 (without VAT, or €33,301,100 with VAT).

All three bids exceed the maximum amount of financing by €6 million to €10 million, and that is a very substantial difference, emphasized Burovs.

Burovs' department will now examine all three bids and request additional information, if necessary. If all goes as planned, contract with the winning bidder could be signed in one week, he added.

According to Burovs, it is unclear at the moment where the additional funds will be taken if either of the bids is selected. He went on to say that, hopefully, the other bidders would not contest the Property Department's decision. If they do, the project may be impossible to implement on time.

As reported, the project is to be implemented until the 2018 National Song and Dance Festival.

The first reconstruction phase is to be completed by June 2018. Of the total amount of the project's cost, 43% will be spent on reconstruction of the spectator area, 22% on various equipment in the spectator area, 25% on transport infrastructure, and 10% on utilities.

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