Costa Rica-based Constructora Meco, S.A. submitted a $36.7-million bid, the lowest of six offerings submitted for the third of four dry excavation contracts as part of the Panama Canal Third-Lane Expansion Project. Barring a successful protest or reversal based on technicalities, the firm is the apparent winner.
The Panama Canal Authority (ACP) will now review the submissions to determine the lowest-priced bid that meets all of the requirements stated in the request for proposals. The winning bid is expected to be announced before the end of the year.