$10 MILLION TAIWAN GRANT RESTRICTS PROJECT BIDS

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Only Palauan or Taiwanese contractors eligible

By Aurea Gerundio-Dizon KOROR, Palau (Island Times, Aug. 9, 2010) – In Palau, Vice President and Finance Min. Kerai Mariur Friday made it clear that the Government Procurement Law waiver, in relation to the FY 2010 Republic of China (ROC, Taiwan) Grant amounting US$10 million, does not mean that bidding of projects to be funded by the grant has been waived.

Mariur said that his office received several comments as to why the bidding was reportedly removed.

He clarified that all projects to be funded by the grant will go through bidding.

Three weeks ago, he said, bidding was opened on projects that will be funded by ROC grant.

Mariur explained that the Government Procurement Law, which includes provision that bidding is open to all, was waived because the ROC grant requires that only Palauan or Taiwanese companies are eligible to participate in the bidding process.

The ROC grant also requires that all projects shall be completed no later the end of this calendar year and that Palau shall comply with conditions contained in the Grant Assistance: Guidelines and Procedures between the Republic of China and the Republic of Palau.

In the waiver, signed by President Toribiong and Mariur on July 6, both emphasized how critical it is that all of the projects be undertaken and completed as required by the terms of the ROC grant.

"The Republic needs the jobs and the stimulus to its economy that these grant funds provide. The Republic cannot allow the grant funds to lapse for any reason," stated in the waiver.

Island Times © 2010 Island Times. All rights reserved

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