Chairman of the Board of Lake Asphalt of Trinidad and Tobago, Christopher John-Williams, says instructions have been given that all existing contracts with the company will have to go back out for tender.

Mr John-Williams made the revelation at a sitting of the Joint Select Committee on State Enterprises Inquiry into the operations of the company on Monday.

He said the move was being taken after a number of contracts without end dates were found when the current Board took office.