Home' Trinidad and Tobago Guardian : June 8th 2014 Contents JUNE 8 • 2014 www.guardian.co.tt SUNDAY BUSINESS GUARDIAN
NEWS | SBG7
Defining a Decade - Righting the Future
The University of Trinida
d and Tobago
EXPRESSIONS OF INTEREST:
Engagement of a Facilities Management Consultant
for the Signature Building Complex,
The University of Trinidad and Tobago (UTT) Main Campus, Trinidad
UTT is currently constructing its Main Campus at Waller eld, Trinidad with a footprint of approximately
one hundred and twenty-seven acres allocated on the Tamana Intech Park. At its completion, the Main
Campus will include, among other facilities and structures, the UTT Signature Building comprising
67,000 square meters of covered space intended to facilitate a student population of approximately
5,000 in two shifts. Further information is available at: http://www.u.tt/tenders
UTT is seeking Expressions of Interest (EOI) from suitably quali ed and competent consultants for the
provision of Facility Management Consultancy Services aimed at the planning and designing of facility
management and maintenance systems for optimised pro-active management, operation and main-
tenance of the Main Campus.
Applicants responding to this Invitation must demonstrate their proven capability in undertaking
these works on a large scale in a tertiary-level educational environment including:
Analysing the demand for various facilities and the maintenance services required to upkeep the
Main Campus to standards commensurate with international tertiary-level education institutions
and in accordance with applicable codes and best practices.
Presenting Facility plans showing activities, schedules, frequencies and resource allocation.
Supporting infrastructure including facilities management software selection and deployment.
Estimating costs associated with various levels of service.
Developing a Facilities Management Plan that is practical and implementable through a combi-
nation of internal resources and third-party service providers.
Applicants will be evaluated based on the criteria presented in the call for EOIs. The submission of
documentation to show that your rm satis es basic requirements is compulsory. However, markings
and ratings shall be assigned to the General Background of the Firm, its Financial Stability/Capacity,
Performance History and Track Record, Availability of Key Professionals and Work Experience of the
Firm in performing similar works for projects of a similar size, complexity and nature.
Complete EOIs with the subject :
"EOI - Facility Management Consultancy for UTT Main Campus, Tamana" in the subject line must be
submitted via email to firstname.lastname@example.org
All submissions must be received by 4:00 p.m. Monday June 30th, 2014
Ministry of Tertiary Education
and Skills Training
UTT Accredited by ACTT in December 2010.
UTT is an Agency of the
In response to economist and former
Central Bank deputy Governor Terrence
Farrell s criticism of the new system of allo-
cating foreign exchange Central Bank Gov-
ernor, Jwala Rambarran, has said that the
authorised dealers have reported that the
new system has positive points and should
be given a chance to work.
Rambarran told the Guardian in an inter-
view that the newly introduced system
affected allocations and not auctioning, as
has been previously reported. He also said
the new system had not failed and that there was an
excess supply of US dollars amounting to some US
He also gave a breakdown of where the most recent
injection of foreign exchange made on May 27th
He said of the US$200 million allocated, 231 com-
panies in the retail and distribution sectors received
38 per cent of the funds, 14 automobile companies
got 11 per cent of the funds, 79 companies in man-
ufacturing received 25 per cent.
Rambarran also said that the price cap instituted
on the auction process still made sense, since the
condition was placed to ensure that none of the 12
authorised dealers was able to monopolise foreign
"As such funds are distributed in a more equitable
manner reducing price volatility in the domestic for-
eign exchange market." the Central Bank governor
Responding to questions about the origins of the
system, the Central Bank governor said that idea for
it was not new and neither was he responsible for
"It was implemented in May 2012 prior to my
taking up office in July 2012. The improvements to
the Central Bank s allocation system, resulted from
collaboration and consultation with the banks and
non-bank financial institutions and from the research
and analysis done by the Central Bank on the evolving
state of the domestic foreign exchange market."
Rambarran emphasised that changes to the system
were absolutely necessary since demand for foreign
exchange would have continued to exponentially out-
strip supply as the years went. According to the
Central Bank governor, steps had to be taken to halt
the situation since demand exceeded supply by US$44
million dollars in 1993, outstripped supply by US$600
million in 2003 and by 2013 had outpaced supply by
US$1.2 billion. Expected economic recovery would
have worsened this situation, the Central Bank gov-
He also said under the current allocation system,
distribution was now 50 percent non-competitive
and 50 per cent auction.
Before, the ratio was 75 non-competitive to 25 per
In the Thursday Business Guardian, Dr. Farrell said
there was no rational behind the changes made to
the system and that they only caused "disruption
and a serious loss of confidence."
Central Bank Governor explains
foreign exchange auction
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