Land Bidding in Paranaque

Republic of the Philippines

BIDS AND AWARDS COMMITTEE

City of Paranaque

INVITATION FOR COMPETITIVE CHALLENGE

Parañaque City through the Bids and Awards Committee under the Office of the City Mayor invites all interested parties to submit a Comparative Proposal for a joint venture with the City of Parañaque with the end view of reclaiming the coast of Parañaque with a proposed area of 203.43 hectares of land, more or less.

The eligibility of prospective bidders shall be based on the documentary requirements set forth under the Terms of Reference issued by the BAC. Bidders should be licensed contractors known in the industry for at least 20 years, with experience in the development of industrial and/or commercial infrastructures with capability to mobilize/supply manpower for the aforesaid Project. Further, bidder shall be willing to commit a minimum investment requirement of Nineteen Billion One Hundred Thirty Million Pesos (Php19,130,000,000.00).

The timetable of activities read as follows:

Submission of Standard Tender Documents

11 January 2010

Opening and Evaluation of tender documents and financial and technical proposals

12 January 2010

Notification to the Original Proponent of a more superior proposal that it may match

15 Jan 2010

Deadline for submission of a matching proposal by the Original Private Sector Participant

21 Jan 2010

Post-Qualification

22 Jan 2010

Submission of recommendation of award

25 Jan 2010

Decision to award/reject

27 Jan 2010

Issuance of Notice of Award and instruction to comply with conditions precedent to execution of JV Agreement

28 Jan 2010

Submission of Compliance Statements Relative to Conditions Precedent to Execution of JV Agreement

1 February 2010

Execution/Approval of the JV Agreement

3 February 2010

The BAC reserves the right to reject any or all bids and waive any formalities in connection thereto and accept such bids, considered as most advantageous to the City. For inquiries, call the Office of the City Administrator/BAC Chairman at 829-34-48. Other details of the Terms of Reference are provided under http://www.parañaque.gov.ph/.

Atty. NELSON S. DE JESUS, CPA

City Administrator