Vice President Dr. Bharrat Jagdeo has issued a stern warning to contractors, declaring that any delays in projects will lead to the government cancelling the work and imposing liquidated damages.

This announcement came during a crucial public meeting with contractors held on Wednesday at the boardroom of the Regional Democratic Council (RDC).

Dr. Jagdeo emphasized the need for transparency and efficiency within the contracting system, announcing a comprehensive review of the Regional Tender Board.

He called for the removal of individuals involved with multiple companies to ensure a clearer and more accountable procurement process moving forward.

During direct interactions with contractors, Dr. Jagdeo underscored his awareness of issues within the system and urged contractors to bid realistically based on engineer’s estimates.

“Please don’t try to shortchange the projects,” he advised, stressing the importance of accurate pricing to complete projects successfully and profitably.

Highlighting the government’s ambitious development plans, Dr. Jagdeo pointed to significant expansions in both regional and national budgets. “There are ample opportunities for suppliers and contractors to participate, fostering greater competition,” he stated.

Since assuming office, Dr. Jagdeo noted a substantial growth in the contracting sector across Guyana, with over 3,000 companies now registered. Many of these firms have begun undertaking contracts of various sizes, reflecting the expanding scope of government initiatives.

Emphasizing a commitment to regional development, Dr. Jagdeo directed procurement authorities to prioritize regional contractors wherever feasible in the allocation of regional budget resources. He assured that preference would be given to local contractors, aiming to create a conducive environment for positive changes in infrastructure and community development.

As the government moves forward with its agenda, Dr. Jagdeo reiterated the importance of adherence to timelines and budgetary discipline. The ongoing transformation in the region, he emphasized, requires contractors to align closely with project expectations and deliverables to ensure successful project outcomes.

The public address by Vice President Jagdeo signals a proactive stance by the government to streamline procurement processes and bolster accountability within the contracting sector, aiming for efficient project delivery and sustained national development.