Chengdu Expressway Co., Ltd. (Chengdu Expressway) has disclosed further details of its procurement contract for precast concrete components on the YZ bidding section, confirming a contract value of RMB234.22 million, tax inclusive. The contract was awarded to Chengdu Chengtou Urban Construction following an open tender administered through the Sichuan Provincial Public Resources Trading Center.

The tender was launched with a control price capped at RMB249.17 million. Given the specialised nature of precast small box girders, pier columns, and cap beams, evaluators employed the “reasonable low price method” rather than the lowest-price rule, and separated bid evaluation from bid award decisions. Four bids were submitted, and a five-member evaluation committee calculated a bid-evaluation benchmark price using a random weighting formula that blended the arithmetic mean of qualifying bids and the maximum bid, adjusted by randomly drawn coefficients.

To prevent below-cost offers, bids were subjected to a review trigger if priced at 85 % or less of the control price, or at 90 % or less of the control price and 95 % or less of the mean bid. Chengdu Chengtou Urban Construction’s offer—about 94 % of the control price—did not breach these thresholds and scored highest for price proximity to the benchmark.

A separate bid determination committee assessed four factors: pricing, corporate capability, bid proposal quality, and product/service standards. The winning bidder distinguished itself with five comparable supply contracts exceeding tender requirements, an established production site in Chengdu, comprehensive resource and logistics plans, and robust quality, safety, and environmental measures.

Chengdu Expressway’s board, including independent non-executive directors, concluded that the contract terms are fair, reasonable, and in the interests of shareholders, citing the transparent tender process and the winning bidder’s competitive pricing and operational strengths.