{"id":4041,"date":"2018-01-11T07:45:34","date_gmt":"2018-01-11T12:45:34","guid":{"rendered":"http:\/\/projectcalls.com\/?p=4041"},"modified":"2018-01-09T18:56:47","modified_gmt":"2018-01-09T23:56:47","slug":"sarkis-i-stopped-169m-bogus-bills","status":"publish","type":"post","link":"https:\/\/projectcalls.com\/dev\/sarkis-i-stopped-169m-bogus-bills\/","title":{"rendered":"Sarkis: I Stopped $169m Bogus Bills"},"content":{"rendered":"

Sarkis Izmirlian is claiming Baha Mar\u2019s main contractor would have cost him $169 million in \u201cgrossly over-valued bids\u201d had he not intervened in its procurement process.<\/p>\n

Baha Mar\u2019s original developer, in his $2.25 billion damages claim against China Construction America (CCA) and its affiliates, alleged that the Chinese state-owned contractor \u201cmisused\u201d and failed to properly control the $4.2 billion development\u2019s tendering system. Mr Izmirlian, and his family\u2019s BML Properties vehicle, are instead claiming that CCA used the project\u2019s Tender Event Schedule (TES) to \u201cimproperly\u201d advance its interests by submitting bids on Baha Mar work \u2018packages\u2019 that were \u201cfar higher\u201d than the project\u2019s budget and market rates.<\/p>\n

\u201cIn light of CCA\u2019s failures, Baha Mar was forced to seek its own savings in procurement,\u201d Mr Izmirlian alleged. \u201cBaha Mar had to intervene on certain packages as CCA\u2019s initial recommendations or bids were grossly over-valued or proved to be uncompetitive.<\/p>\n

\u201cIf Baha Mar had not acted to protect its interests and those of BML Properties, CCA would have placed orders for works approximately $169 million over the amount it should have paid.\u201d<\/p>\n

CCA, as Baha Mar\u2019s main contractor, was responsible for breaking the multi-billion dollar project down into work \u2018packages\u2019 that would then be awarded to sub-contractors.<\/p>\n

This meant CCA was responsible for determining the scope of each \u2018work package\u2019, pricing it, putting it out to tender, and then hiring the best bidder. Mr Izmirlian, though, alleged that the Chinese state-owned contractor sought to retain most of the work for itself so as to maximise profits.<\/p>\n

\u201cCCA exhibited at all relevant times a lack of willingness to provide non-self perform procurement strategies or bid processes for the project,\u201d Mr Izmirlian and BML Properties alleged.<\/p>\n

\u201cBaha Mar was forced to insist that CCA prepare, and continue to provide, a traditional procurement process in line with any self-perform\/commercial offer to ensure market value was proven.<\/p>\n

\u201cFor example, in the case of the Building Envelope, Baha Mar had to perform a bid process of the windows and sliding doors work package to safeguard the project schedule, which resulted in a saving of approximately $2 million against the similar scope within CCA\u2019s self-perform offer.\u201d<\/p>\n

Mr Izmirlian alleged that CCA only reduced its bids when confronted by Baha Mar on its price, or threatened that the developer might perform the work itself.<\/p>\n

\u201cEvidencing the failures of the bidding system, and as a result of CCA\u2019s plan or inadvertence, CCA continuously submitted bids that were far higher than the budgets and the market,\u201d the original Baha Mar developer alleged.<\/p>\n

\u2026 more<\/a><\/p>\n

\u00a0<\/p>\n

Image:\u00a0 Travelweek<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Sarkis Izmirlian is claiming Baha Mar\u2019s main contractor would have cost him $169 million in \u201cgrossly over-valued bids\u201d had he not intervened in its procurement process. Baha Mar\u2019s original developer,…<\/p>\n","protected":false},"author":19,"featured_media":4093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[112],"tags":[166,171,71,113,172],"class_list":["post-4041","post","type-post","status-publish","format-standard","has-post-thumbnail","category-newsdevelopments","tag-bahamas","tag-hospitality","tag-procurement","tag-tenders","tag-tourism"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/01\/Bah-Mar-Bahamas-Travelweek.jpg?fit=1024%2C735&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6u9Qa-13b","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":4529,"url":"https:\/\/projectcalls.com\/dev\/govt-renew-bahamas-abruptly-terminated-landfill-contract\/","url_meta":{"origin":4041,"position":0},"title":"Govt: Renew Bahamas ‘Abruptly’ Terminated Landfill Contract","author":"Michele Marius","date":"February 16, 2018","format":false,"excerpt":"THE government maintained yesterday that former New Providence Landfill manager Renew Bahamas \"abruptly\" terminated its contract to remediate the dumpsite, while insisting ongoing challenges at the site do not place it in breach of Baha Mar's heads of agreement. 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Acting\u2026","rel":"","context":"In "Articles"","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/10\/pexels-thirdman-8469988-scaled-e1633656504339.jpg?fit=1156%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/10\/pexels-thirdman-8469988-scaled-e1633656504339.jpg?fit=1156%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/10\/pexels-thirdman-8469988-scaled-e1633656504339.jpg?fit=1156%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/10\/pexels-thirdman-8469988-scaled-e1633656504339.jpg?fit=1156%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2021\/10\/pexels-thirdman-8469988-scaled-e1633656504339.jpg?fit=1156%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12326,"url":"https:\/\/projectcalls.com\/dev\/auditor-general-maintains-rada-breached-procurement-rules\/","url_meta":{"origin":4041,"position":5},"title":"Auditor general maintains RADA breached procurement rules","author":"Michele Marius","date":"March 19, 2020","format":false,"excerpt":"AUDITOR General Pamela Monroe Ellis is standing by findings of a performance management audit of the Rural Agricultural Development Authority (RADA) that the agency breached procurement guidelines, based on investigations carried out by her office, on its management of the Farm Road Rehabilitation Programme (FRRP) from 2014 to 2019. 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