University of Cyprus rebuked for costly construction delays

The University of Cyprus has been derelict in its management of a contract regarding the construction of facilities on its premises, with cost overruns expected to reach €2.6 million, the auditor-general said in a report released Monday. The Audit Office issued a special report on a contract awarded by the university for the construction of […]

‘No evidence of work on $2B GDF wharf project’ – AG Report

kaieteurnewsonline.com - 24/Oct 04:32

Kaieteur News – The $2 billion wharf project being constructed by the Guyana Defence Force (GDF) at its Coast Guard Headquarters, Ruimveldt is...

Contract for Guyana embassy in Brasilia terminated

stabroeknews.com - 29/Oct 06:12

-Auditor General’s report says that key documents not provided A total of US$4.458m was paid over for construction of the Guyana Embassy in Brasilia...

Works Ministry criticised over handling of Vlissengen Rd contract where contractor was delinquent from start

stabroeknews.com - 01/Nov 06:14

The Auditor General’s report for 2023 has strongly criticized the Ministry of Public Works over its handling of a Vlissengen Road contract worth...

Transocean issues a quarterly Fleet Status Report

energy pedia.com - 25/Oct 08:43

Transocean has issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of...

PNCR calls for strict timelines for completion, publication of Exxon’s 3rd audit

kaieteurnewsonline.com - 30/Oct 05:00

…says auditors must ensure costs are reasonable, report must clearly highlight disputed sums Kaieteur News- The People’s National Congress Reform...

Cost of building materials sees marginal drop

financialmirror.com - 22/Oct 12:00

The benchmark index for the cost of construction materials in Cyprus, that in addition to market demand also determines the value of newly built...

The Political Economy Of Vietnam’s North-South High-Speed Rail Project – Analysis

eurasiareview.com - 27/Oct 23:59

By Nguyen Khac Giang Vietnam has had to struggle to develop an efficient railway system due to financial and technical constraints. In 2010,...

Work on $2b GDF wharf behind schedule – audit office

stabroeknews.com - 27/Oct 06:13

The 2023 Report of the Office of the Auditor General has pointed out that work on a $2b wharf for the Guyana Defence Force (GDF) has been delayed as...

GoM: SLB OneSubsea awarded subsea boosting contract for bp’s Kaskida project in Gulf of Mexico

energy pedia.com - 29/Oct 16:44

SLB has announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the...

2023 Audit Report silent on whether Gov’t met legal criteria for $6.6B supplementary budgets- Former AG

kaieteurnewsonline.com - 29/Oct 04:40

Kaieteur News- For the year 2023, a total of 23 advances were made from the Contingencies Fund totaling more than $6.6B, however the Auditor...

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