Indonesian Political, Business & Finance News

Pertamina launches e-tender system

| Source: JP

Pertamina launches e-tender system

The Jakarta Post, Jakarta

State-owned oil and gas firm PT Pertamina has received bids from
four companies to supply hydrocracker catalyst for a refinery at
Dumai in Riau province in an open tender using the e-tender
system.

Within one week of the launch of the system, the company said
one of the participants had submitted a bid that was about 20
percent higher than the guide price of US$3.3 million.

"Using the e-tender system, the process is faster and more
efficient," a statement from the company released over the
weekend said, without naming the firm that had submitted the
highest bid.

The four companies are PT Aditya Nugraha Pratama, PT Elnusa
Harapan, PT Indhasana and PT Gamareksa. The four went through a
process of administrative examination before submitting
electronic bids to Pertamina.

Pertamina will announce the winner soon, pending further
administrative processing.

State-owned companies have begun using the e-purchasing system
for some of their transactions to help ensure transparency and
avoid corruption, collusion and nepotism.

State power utility Perusahaan Listrik Negara (PLN) has
launched a similar system for its procurements.

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