SMMC, FINSO agree on adjusted terms and sign letter of intent

SMMC, FINSO agree on adjusted terms and sign letter of intent

SZV Director Glen Carty, VSA Minister Omar Ottley (third from left), SMMC Medical Director Dr. Felix Holiday (fourth from left) with SMMC Supervisory Council Chairperson Sandy Offringa (far right) and FINSO and SMGH representatives after signing of the letter of intent.

 ~ Inflation, supply chain disruptions result in adjusted terms for SMGH construction ~

CAY HILL--St. Maarten Medical Center (SMMC) and general contractor, FINSO recently signed a letter of intent (LOI) regarding the adjusted terms for the construction of St. Maarten General Hospital (SMGH), in the presence of Minister of Public Health, Social Development and Labor VSA Omar Ottley, marking the next step in the continuation of the project.

This was announced in a press release on Tuesday.
Following the LOI, the contract and the financing will be adjusted based on the agreements of the LOI. The design of the new hospital will be further optimised. In the meantime, the construction activities will continue with the focus on further increasing the workforce.
According to the release, the contractor will use the coming months to prepare the large-scale construction which will become more visible in terms of increased site activities at the start of next year.
“Although contract revisions are never a welcome process during an ongoing construction project, the existing market conditions of persistent high inflation and supply chain disruptions due to the pandemic and the war in Ukraine have made it impossible to complete the SMGH building as per the terms agreed to in 2016, when the original contract was signed,” said Ottley. “This LOI clearly stipulates how to deal with these issues, which is important to finish the SMGH.”
SMMC has continued expanding its medical services to cater to the rising care demand in St. Maarten and surrounding islands, while the main SMGH building is expected to open its doors in 2025.
“We have continued with our aim to provide high quality care close to home through the expansion of medical services at the current facility, while we await the construction to be completed,” said SMMC Medical Director Dr. Felix Holiday.
“The two new state-of-the-art class-one operating theatres, the additional dialysis capacity, the opening of a pain management clinic, the expansion of oncology services and the realisation of a brand-new MRI [magnetic resonance imaging – Ed.] clinic are all testimony of our continued hard work to serve the community of St. Maarten and surrounding islands, right now.”
SMMC said it will keep the public and all stakeholders informed during this process as the project goes forward in the coming months.

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