Keppel O&M unit fails to clinch Philippine Navy job
It loses bid on a technicality - but will submit a fresh bid next week
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DESPITE being the sole contender for a contract to upgrade a Philippine Navy corvette, Keppel Philippines Marine (KPM) failed to clinch the deal because of a minor - but fatal - discrepancy in its bid documents.
The Philippine Department of National Defence announced recently that it had declared KPM's bid for the 216 million peso (S$6.1 million) upgrade of the BRP Artemio Ricarte as ineligible.
KPM is the Philippine subsidiary of Keppel Offshore & Marine Group of Singapore and is engaged in shipbuilding and repair.
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