Onstr—…tion ˆa˜o—rites ˆor

2023-05-05 -

MBABANE – Khwali Construction (Pty) Ltd has been enlisted as the best evaluated tenderer for the Eswatini Development Finance Corporation (FINCORP) tender.

FINCORP was looking for a contractor Security Infrastructure for the proposed FINCORP Storage Facility on Lot 960 Matsapha, and six companies showed interest in the tender.

When evaluated, FINCORP stated that Khwali Construction passed both the preliminary and technical evaluations; their price was E3 098 096.53.

The above-mentioned was published by the procurement regulating authority, the Eswatini Public Procurement Regulatory Agency (ESPPRA) on their website.

Published

The intention to award the company was published yesterday, and if it is not contested, they are expected to begin executing it after 10 working days.

As the requesting entity, FINCORP was also in charge of the procurement of the tender as well as its approvals.

FINCORP requested unsuccessful bidders to apply for review with the

NAME

Khwali Construction

IS Construction

PSSN Investments

TMS construction

Emseleni Construction

K-Projects

statements for the year ended March 31, 2022. In the statements, they said the decrease in revenue was mainly

DETAILS OF ALL EVALUATED TENDERERS

NATIONALITY

Swati

agency within 10 working days.

“All tenderers who submitted bids are hereby notified that a period of 10 working days is hereby allowed for submission of any application for review,” said the FINCORP.

Meanwhile, total loans disbursed by FINCORP reached E6.5 billion from inception to March 2023.

These loans have been extended to over 80 000 beneficiaries who support just above 15 000 jobs and contribute about E1.5 billion to gross domestic product (GDP). This is according to the company’s 2021/22 annual report.

FINCORP first opened its doors to the public in April 1996 through Legal

January 2023

March 2023

BID PRICE

E3 098 096.53

E2 861 589.40

Non- Responsive

E4 280

E4 500

E3 098 096.53

Not evaluated, scored less than 75% on technical evaluation

N/A

I!/A

N/A

Notice Number 16 of 1996 promulgated under the Finance and Audit Act No: 18 of 1967 with a clear mandate of delivering access to credit for SMEs particularly those at the grassroots level. The company’s main deliverables are access to finance, job creation and poverty alleviation.

Shareholders

The company has two shareholders namely the Government of Eswatini and Tibiyo Taka Ngwane, holding 80 per cent and 20 per cent respectively.

In the year 2022, the FINCORP Group loan portfolio reached a total of E1.4 billion, a level which has been sustained in the last three years notwithstanding

QUOTE

“The way to get started is to quit talking and begin doing.” – Walt Disney, co-founder of The Walt Disney Company

THIS is a challenging daily grid to tease your mind and test your ability with numbers. IT’S SIMPLE: Just fill in the grid so that every row, every column and every 3x3 box contains the digits 1 through 9. The numbers do not have to add up to anything.