PIC ENGINEERING BEST EVALUATED FOR E1.9 MILLION

MBABANE – Two companies were evaluated for the Eswatini Water Services Corporation (EWSC) power factor correction equipment tender.

Only tow companies showed interest for the tender which was for the Design, Supply, and Installation of power factor correction. The best evaluated company enlisted was PIC Engineering (Pty) Ltd, their evaluated price totalled was E1 821 422.98. This was revealed by the Eswatini Public Procurement Regulatory Agency (ESPPRA) on their website.

According to the procurement regulator, EWSC was looking for a contractor for the supply, installation, and commissioning of servers. The procurement entity for the tender was EWSC, which was approved by the board's authority. EWSC requested the unsuccessful bidders submit an application for review with the 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 EWSC. It was also mentioned that the tender does not constitute a contract. Meanwhile, EWSC revenues increased by 17 per cent in 2022. This was outlined in the EWSC annual report for 2022. EWSC said the revenue for the year ended March 31, 2022, was E488 million. The operating revenue grew by 17 per cent from E417 million in 2021.

They said the growth was driven by a tariff increase of 6.6 per cent and the recovery in economic activity following the relaxation of COVID-19 lockdown restrictions. An operating expenditure of E418.8 million was recorded, representing an increase of 4.6 per cent compared to last year (E400.4 million). The profit for the year amounted to E104 million. This is 68 per cent more than the profit for 2021 of E61.9 million.

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