By George Murumba

20^th Aug 2012:

NSSF Managing Director, Mr Richard Byarugaba, has reassured the Fund’s members and other stakeholders that the procurement process for the multi-billion Pension Towers was done in line with PPDA rules, and that the ongoing administrative review by PPDA is a normal process.

Byarugaba confirmed that on advice from PPDA, the process had been halted to allow PPDA – the government’s procurement watchdog, to do an audit as requested by one of the bidders – China National Aero-Technology International Engineering Corporation (CATIC).

“…I would like to emphasise that the Fund welcomes appeals from any dissatisfied bidders. This is a normal practice in public procurement and is provided for under the law. We also think that a review will ensure transparency and value for money,” Byarugaba said, adding that even before PPDA suspended the procurement process, NSSF board had itself asked for another opinion about the process.

“…This request for an independent audit of this procurement is founded on our commitment to accountability and transparency in the management of the Fund,” he said adding:  “A final decision will be made based on the findings and recommendations of this independent audit and PPDA guidance”.

No cause for alarm

The NSSF MD said the fund had adhered to every step as required by the PPDA Act and that he was confident that the process would be given a no objection.  “…I would like to assure NSSF contributors, our stakeholders and the general public that there is no cause for alarm.”

He said NSSF had made a commitment to ensure that it remains transparent and prudent in the management of the Fund. “…We are working with PPDA to ensure that the review and independent audit are conducted on schedule so that the project (Pension Towers) can commence as planned,” Byarugaba said.

Addressing concerns about the failure of local contraction companies to win the tender to build the Pension Towers, Byarugaba said most local companies still lack experience.  “…The truth of the matter is that the Ugandan construction industry still has a long way to go…something needs to be done to empower local companies.” he said.

When completed, the Pension Towers will be bigger than Workers House, Communications House, and Crested Towers combined.  END.  Login to www.ugandacorrespondent.com every Monday to read our top stories mid-week for our updates

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