WHAT WAS HIGHLIGHTED in the Auditor General’s 2015 report as a $5 million “advance payment” to the contractors of the new Barbados Water Authority (BWA) building was in fact “a deposit for works” as provided for under the memorandum of understanding between the two entities.
This was explained by a source close to the project, undertaken by Innotech Services Limited, in response to a story in yesterday’s Daily Nation that reported on aspects of the Auditor General’s report on the BWA new headquarters at the Pine, St Michael.
The news story, the source contended, could have left an incorrect picture of the findings of the Auditor General’s report on the project.
The audit report also noted that an additional $6.1 million was incurred by the contractor for unforeseen but approved additional cost. The project was undertaken by leading contractor Innotech Services and was done under a public/private partnership arrangement. (ES)
Please read the full story in today’s Weekend Nation, or in the eNATION edition.
