The Business Times
SUBSCRIBERS

Keppel O&M unit fails to clinch Philippine Navy job

It loses bid on a technicality - but will submit a fresh bid next week

Published Wed, Jan 22, 2014 · 10:00 PM
Share this article.

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 Philippi…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here