The National Insurance Scheme (NIS) office at Corriverton which was built in 2011 for $69.9m was later valued at $37.9m and the construction was rife with problems and saw direct intervention by the Office of the President.
A forensic audit report by Ramesh Seebaran released by the Ministry of Finance on Wednesday highlighted a series of problems around the building.
The report said that the Lot 8 Springlands, Corriverton, Berbice building was reconstructed in 2010/2011 and commissioned in 2011 at cost of $69,923,940.
The report found that the NIS’s Board of Directors (BODs) had appointed a Sub-committee called the Tender Evaluation Committee headed by a director and included three independent parties including Samuel Goolsarran from CAGI. This sub-committee then appointed a Consulting Engineer who provided an estimate of $50,667,948 to construct the building.
