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Wed 10 May 2017 08:18 AM

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Guggenheim Abu Dhabi asks contractors to renew tender bid bonds

Bond was renewed three weeks ago, says an executive with a bidding company

Guggenheim Abu Dhabi asks contractors to renew tender bid bonds

Contractors have been asked to renew their tender bid bonds for Guggenheim Abu Dhabi, according to a senior executive of one of the bidding companies.

“The commercial bid was submitted long time ago. It was verified and discussed, but there was no outcome from the client.

“However, they asked us to renew the bid bond three weeks ago and we have renewed our bid bond,” a senior executive with one of the bidding companies told Arabian Business on conditions of anonymity.

“The tender bid bond has been renewed three times,” he said, but admitted he wasn’t aware of when the contract will be awarded.

In 2011, London-based Middle East Economic Digest (MEED), reported TDIC had cancelled a tender related to the construction of the museum, which had four bidders.

TDIC is developing both the Louvre and Guggenheim museums, whilst Abu Dhabi Tourism and Culture Authority will operate and manage them.

In February 2016, Dezeen, an architecture and design magazine, quoted Guggenheim architect Frank Gehry as saying the work has not started on the museum and no construction contract has been awarded yet for the $680 million (£530 million) museum.

The Guggenheim Abu Dhabi is a transnational museum dedicated to contemporary art and culture and is being developed in collaboration with The Solomon R Guggenheim Foundation.

The museum will have 13,000 square metre of gallery space, 18,000 square metres of exhibition space and a 350-seat theatre, a library, a research centre and food and beverage, and retail outlets, the website said.

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