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22Oct92 HONG KONG: PAUL Y LOSES HK JOB DESPITE LOWEST PRICE.

Paul Y, one of Hong Kong's largest contractors, has lost out on a £25 million water supply contract despite putting in the lowest bid.The Hong Kong government job has gone to Guangdong Water Conservancy and Hydro-Power Engineering Development after it submitted a bid of HK£337 million (£25.5 million).Its price was HK$5.3 million (£401,515 million) dearer than Paul Y's HK$332.3 million (£25.16 million) bid.Government officials refused to discuss the reasons for ...

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