Local Contractors Unable to Secure CDB Financed Projects

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During the previous Caribbean Development (CDB) loan initiative a number of local contractors lamented that they were unable to successfully bid for those projects; and now that the Government is working on drawing down and commencing work under this new CDB loan initiative some contractors are worried that yet again they would be blocked from the projects. However, Premier and Minister for Finance Dr. the Hon. D. Orlando Smith is allaying that fear and even commented that Government is working to prevent such stumbling block.

While speaking to the media on 12 April the BVI Leader said that CDB will be informed of this issue: “One of the things we would have to do, and we have had discussions with CDB on this and numerous agencies is to see how we can bring up to speed local contractors.”

Meanwhile, Hon. Smith suggested that local contractors can consider partnerships as a means to meet the loan project requirements: “… to combine their efforts with one and another, combine their efforts with larger contractors; and there are many other things we can do to make sure that they are involved with the process. This is something we are going to be looking at with CDB and together with the UNDP who is here to work with us,” Hon. Smith added.

In 2012 some 50 local contractors attended a workshop which taught them how to bid for projects under the Caribbean Development Bank (CDB) and the Government of the Virgin Islands Rehabilitation Loan Project at that time

CDB has set procurement procedures and the workshop was a forum to educate the contractors on how to meet the requirements and bid successfully for a loan project. They were also coached on matters such as vulnerability in construction and preparing an effective tender document.

While speaking at that event which was held on 5 December, 2012 at the H. Lavity Stoutt Community College, Minister for Communications and Works, Hon. Mark Vanterpool told the contractors that government wanted them to be part of the rehabilitation.

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