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July 20, 2010
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The Contract Calls For The Repair, Rehabilitation Or Reconstruction Of Vital Elements Of Iraq's Infrastructure

WASHINGTON, DC - The U.S. Agency for International Development (USAID) announced today the award of a multi-million dollar Iraq emergency infrastructure repair and rehabilitation, otherwise referred to as capital construction, contract to San Francisco, California-based Bechtel. Restoration of the country's key infrastructure is a priority of the U.S. government's effort to strengthen Iraq's economy and ensure delivery of essential public services to the Iraqi population.

The initial award for this capital construction contract to Bechtel is $34.6 million, though it provides for funding of up to $680 million over 18 months. Funding is subject to Congressional authority and availability.

The contract calls for the repair, rehabilitation or reconstruction of vital elements of Iraq's infrastructure. This includes assessment and repair of power generation facilities, electrical grids, municipal water systems and sewage systems. There is also a provision in the contract for the rehabilitation or repair of airport facilities, and the dredging, repair and upgrading of the Umm Qasr seaport, in close cooperation with other USAID contractors working in those sectors. The contract may also involve responsibility for the repair and reconstruction of hospitals, schools, selected ministry buildings and major irrigation structures, as well as restoration of essential transport links. It is anticipated that Bechtel will work through subcontractors on a number of these tasks after identifying specific needs. Through all of its activities, it will also engage the Iraqi population and work to build local capacity.

The capital construction contract is part of USAID's planned reconstruction assistance to the Iraqi people, aimed at helping maintain stability, ensure the delivery of essential services, and facilitate economic recovery. This is one of eight initial requests for proposals (RFPs) issued by USAID as part of its overall relief and reconstruction efforts in Iraq. For more information on USAID's humanitarian relief and reconstruction efforts in Iraq, as well as the actual capital construction RFP

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Did You Know?    
 
 
If You Co-Signing For Someone Else You Are Responsible For Their Debt
If you co-sign, you are responsible for their entire debt. Therefore, if the other person chooses not to pay you will have to pay the full amount, even if you had no part of the services or goods.

 


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Contract Terms

 


Today's Terms

Bill

Definition:
A written statement of contract terms.

Action Ex Delicto

Definition:
A legal action for a breach of a duty that is not stated in a contract but arises from the contract.

Futures Contract

Definition:
A contract for the future delivery of a specified commodity, currency or security on a specific date at a rate determined in the present.

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