LWC LAUDED ON TRANSPARENT BIDDING PROCESS OF UNSERVICEABLE ITEMS
The Lagos Water Corporation has received commendations from members of the public over the transparency displayed during the recently conducted second phase of its bidding process, in respect of the disposal of the Organization’s unusable assets, which held at the Corporation’s headquarters on Friday 11th August, 2017.
The assertion was made by one of the participants, Mr. Lateef Olatunde, who explained that the process was hitch free, and in line with the best bidding practices.
The Managing Director, LWC Engr. Muminu Badmus said that it is the practice of the Corporation to conduct its businesses in line with the State’s rules and regulations, so that the Corporation can earn the trust and confidence of the people.
The Head of Procurement, LWC, Engr. Lawrence Adebola, said in his opening remarks that the Corporation realized there were still outstanding materials from the previous bidding exercise and therefore took a decision to re-invite bidders who could not scale through the bidding process to participate in this present stage.
An outstanding lot named Isashi Lot 2A which was comprised of 104 Steel pipes of diameter800mm was announced for sale to interested buyers and bidders by the Corporation at the event.
He further disclosed that the unserviceable items in Isashi, Iju-Ishaga and Ijora were packaged into 8 lots to ease the bidding process for prospective bidders, adding that winners are expected to make payments within 48 hours of receipt of letter of offer.
It will be recalled that LWC had successfully sold some of its unusable items through a similar bidding process in July, in compliance with the State’s bidding standards.