Property News · April 14, 2020

Departure from ‘highest bid wins’ tender means Central harbourfront reclamation project can really meet its potential


The government recently decided to amend the tendering approach for the Central reclamation project’s “prime site 3” land parcel to embrace a “two-envelope” bidding process.This marks a welcome departure from long-standing policy in Hong Kong, where invariably such tenders were awarded to the highest bidder without regard for the quality of the proposed development.However, while the administration deserves credit for recognising that dollar value is not the only way to assess a winning bid,…

Source : South China Morning Post
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