PROJECTS / SWRO Bidders Background Check

SWRO Bidders Background Check

Latin America and the Caribbean

June 21, 2023

The objective of the assignment was to assist WEB in performing a spot background check of five companies that will be invited to submit proposals for a turnkey contract for constructing an SWRO plant in Aruba. The background check will cover the companies’ activities in their country of origin (location of their headquarters) and their subsidiaries in a sample of countries where they are active.

K&M performed a background check that identified the red flags that WEB could consider when deciding if any of the five tenderers should not be invited to submit a proposal. To this end, the background check included a review of each tenderer’s legal, reputational, and financial background. The background check was performed using publicly available information.

K&M calculated the financial ratios that indicate the tenderers’ financial strength relative to the SRWO turnkey contract size and performance guarantee. K&M obtained the information to calculate these ratios from the financial statements included in the tenderers’ latest annual reports and/or the financial information submitted by the tenderers in the expression of interest.

LNG Supply Agreement – Commercial

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