The Nasarawa Investment and Property Development Company, NIPDC, on Tuesday disclosed that about 400 contractors have submitted bids for the rehabilitation of the Karu International Market in Nasarawa.

The NIPDC General Manager, Daniel Ajegena, said this after the biding process in Lafia.

He said that about 400 bids have been received, adding that the applications would be scrutinised to determine the technical and financial capacity of the companies.

“Their bids will pass through a consultant who will evaluate the contractors based on their technical and financial capacities,” he said.

Mr. Ajegena said that NIPDC advertised for submission of interests for the renovation of the market three weeks ago.

He said that transparency would guide the selection process of contractors who would execute the job and only bids that complied with the rules of the NIPDC will get the job.

The general manager said that the renovation of the market would boost the revenue base of the state and increase business opportunities for the people.

“This is not mentioning the huge employment opportunities and the trading possibilities to be derived,” Mr. Ajegena said.