1,082,134,232.81
MWK
Total Funding
2023-04-20
Date Created
2023-09-11
Last updated
Construction
Project Type
Completion
Project Status
Absence of a clear feasibility study
Unrealistic budgets
Limited assessment of environmental impacts
Limited assessment of social impacts
Limited assessment of economic impacts
Weak stakeholder engagement
Change of scope
Cost overruns and budget inflation
Lack of transparency in procurement processes
Limited competition
Favoritism in bidding processes
Political interference
Weak accountability mechanisms
Frequent project delays (time overruns)
Environmental violations
Social violations
Lack of maintenance plans
Under-utilization of project
Abandonment of project
Locations
No records were added
Documents
No records were added
Parties
Description
Fargo Limited
Locality
Blantyre
Region
South
Street address
Plot CC 319,Citrona Avenue Limbe Malawi
Postal code
Private Bag 5122 Limbe Malawi
Country
Malawi
Email
[email protected]
Telephone
+265 (0) 1 844 500
Fax Number
+265 (0) 1 843 448
URL
www.fargomw.com
Description
FARGO was founded in April 1973 by the Jakhura Family, initially the core activity being transport providers for the region.
In 1975 it became a limited liability company and branched out into plant hire. 1987 saw the company advance into the civil engineering
sub-contracting sector. FARGO is now registered with the National Construction Industry Council in the unlimited category for both building & civil engineering works.
Contracts
No records were added
Budget
Description
Preliminaries
Amount
MWK 185,909,090.90
Start Date
2019-04-01
End Date
2020-01-15
Max Extent Date
Duration In Days
289
Party ID
Fargo Limited-Blantyre-MW
URI
Description
Measured works
Amount
MWK 735,443,263.92
Start Date
2019-04-01
End Date
2020-01-15
Max Extent Date
Duration In Days
289
Party ID
Fargo Limited-Blantyre-MW
URI
Description
VAT
Amount
MWK 152,023,138.55
Start Date
2019-04-01
End Date
2020-01-15
Max Extent Date
Duration In Days
289
Party ID
Fargo Limited-Blantyre-MW
URI
Description
NCIC Levy
Amount
MWK 9,213,523.55
Start Date
2019-04-01
End Date
2020-01-15
Max Extent Date
Duration In Days
289
Party ID
Fargo Limited-Blantyre-MW
URI
Project Funding
Party
Malawi Housing Corporation-Blantyre-MW
Amount
MWK 1,082,134,232.81
Description
Loan Facility
FeedBack
No comments added
Environment
No record was added
Completion
End Date:
2020-01-14
End Details:
The project ended well
Final Scope:
Construction of 16 No. E2-72 Semi-detached House
Final Scope Details:
Construction of 16 No. E2-72 semi-detached House at Ngumbe and 12 No. flats (2 Blocks) at BCA Hill in Blantyre City by Fargo
Final Value Amount:
MWK 1,082,589,016.92
Final Value Details:
Finances
No records were added
Milestones
No records were added
Transactions
No records were added
Benefits
No records were added
Additional Classifications
No records were added
Social
No records were added
Metrics & Forecasts
No records were added
Policy
No record was added
Timelines
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