Octagon Contracting & Engineering, one of the main
constructors of special foundations in Romania is working on three large scale infrastructure
projects in Romania. The total value of the projects is around 2 million euro. Octagon will cash 600,000
euro for geotechnical works performed at the underground passage from Presei
Libere Square in Bucharest. Another
important project is the rehabilitation of Brasov – Simeria railway, Coslariu – Sighisoara section, Micasasa –
Coslariu sector, worth 260,000 euro. "In this project we were
subcontracted by the Greek contractor Aktor. We also executed bored piles for
sections A, D and E of the second sector of
Lugoj – Deva highway, a 5 million
lei (1.14 milion euro) project, as the
subcontractor of Salini Impregilo ", said Alexandros Ignatiadis,
co-founder and shareholder of Octagon C&E.
Poor management of public investments blocks
the infrastructure development
.jpg)
According to the manager the main issue the local
infrastructure and public works market is facing is the poor management, which
triggers poor results in the area. "Delivery terms are extended three
times on average and these delays generate financial loses. We have major
delays in each stage of a project’s
development, starting with the feasibility stage and continuing with the
launching of the specifications book, which is contested several times. A lot
of time is wasted trying to solve the contestations, after which a new bid the
results of which are contested again is announced.” said the shareholder of Octagon.
The new rules for the awarding of public contracts, voted by
the European Parliament on January 15th 2014, have not solved the issues of the
Romanian legislation either. "Maintaining the lowest price as the main
awarding criteria can significantly impact the quality of delivered projects.
We need a more detailed approach and deep changes in this respect.” explained Alexandros Ignatiadis.
