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Former Trinidad and Tobago Contractors Association president Mikey Joseph says the Housing Development Corporation’s (HDC) decision to withdraw $3.4 billion in housing contracts appears to be an attempt to contain further embarrassment and restore confidence in the public procurement process.
The HDC cancelled the procurement exercise on Thursday through an internal memorandum, two months after the Office of Procurement Regulation (OPR) instructed the state agency to suspend the contract awards to 11 companies pending a comprehensive review of the tendering process.
The contracts, which involve the construction of 3,700 housing units, came under scrutiny after the Opposition raised concerns about the method used to award them. The Opposition also called for a criminal investigation, alleging that some of the 11 companies were recently incorporated.
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