Asphalt Overlay of CDC Roads - Clark Freeport Zone
Asphalt Overlay of CDC Roads - Clark Freeport Zone Asphalt Overlay of CDC Roads - Clark Freeport Zone
(b) Irrevocable letter of credit issuedby a Universal or CommercialBank: provided, however, that itshall be confirmed orauthenticated by a Universal orCommercial Bank, if issued by aforeign bank;(c) Surety bond callable upondemand issued by a surety orinsurance company duly certifiedby the Insurance Commission asauthorized to issue such security;and/or(d) Any combination of theforegoing.Five percent (5%)Proportionate to share of formwith respect to total amount ofsecurityFor biddings conducted by local government units, the Bidder may alsosubmit bid securities in the form of cashier’s/manager’s check, bankdraft/guarantee, or irrevocable letter of credit from other banks certifiedby the BSP as authorized to issue such financial statement.18.2. The bid security should be valid for the period specified in the BDS.Any bid not accompanied by an acceptable bid security shall berejected by the Procuring Entity as non-responsive.18.3. No bid securities shall be returned to bidders after the opening of bidsand before contract signing, except to those that failed or declared aspost-disqualified, upon submission of a written waiver of their right tofile a motion for reconsideration and/or protest. Without prejudice onits forfeiture, Bid Securities shall be returned only after the bidder withthe Lowest Calculated Responsive Bid has signed the contract andfurnished the Performance Security, but in no case later than theexpiration of the Bid Security validity period indicated in the BDS.18.4. Upon signing and execution of the contract, pursuant to ITB Clause31, and the posting of the performance security, pursuant to ITBClause 32, the successful Bidder’s Bid security will be discharged, butin no case later than the Bid security validity period as indicated in theBDS.18.5. The bid security may be forfeited:(a)if a Bidder:(i)withdraws its Bid during the period of Bid validityspecified by the Bidder on the Bid Form;20Clark Development CorporationSection II Instructions to BiddersAsphalt Overlay of CDC Roads
(ii)(iii)(iv)does not accept the correction of errors pursuant to ITBClause 27.3 (b);fails to submit the requirements within the prescribedperiod, or a finding against their veracity, as stated inITB Clause 34.2; orany other reason stated in the BDS.(b)if the successful Bidder:(i)(ii)(iii)fails to sign the contract in accordance with ITB Clause31;fails to furnish performance security in accordance withITB Clause 32; orany other reason stated in the BDS.19. Format and Signing of Bids19.1. Bidders shall submit their bids through their duly authorizedrepresentative using the appropriate forms provided in Section IXBidding Forms on or before the deadline specified in the ITB Clauses21 in two (2) separate sealed bid envelopes, and which shall besubmitted simultaneously. The first shall contain the technicalcomponent of the bid, including the eligibility requirements under ITBClause 12, and the second shall contain the financial component of thebid.19.2. Forms as mentioned in ITB Clause 19.1 must be completed withoutany alterations to their format, and no substitute form shall beaccepted. All blank spaces shall be filled in with the informationrequested.19.3. The Bidder shall prepare an original of the first and second envelopesas described in ITB Clauses 12 and 13. In addition, the Bidder shallsubmit copies of the first and second envelopes. In the event of anydiscrepancy between the original and the copies, the originalshall prevail.19.4. The bid, except for un-amended printed literature, shall be signed, andeach and every page thereof shall be initialed, by the duly authorizedrepresentative/s of the Bidder.19.5. Any interlineations, erasures, or overwriting shall be valid only if theyare signed or initialed by the duly authorized representative/s of theBidder.21Clark Development CorporationSection II Instructions to BiddersAsphalt Overlay of CDC Roads
- Page 1 and 2: Clark Development CorporationClark
- Page 3 and 4: Section I. Invitation to BidClark D
- Page 5 and 6: 5. A complete set of Bidding Docume
- Page 7 and 8: Section II. Instructions to Bidders
- Page 9 and 10: A. General1. Scope of Bid1.1. The P
- Page 11 and 12: (c)(d)(e)(f)(g)A Bidder has the sam
- Page 13 and 14: 5.4. Unless otherwise provided in t
- Page 15 and 16: terrain, geological conditions at t
- Page 17 and 18: 11. Language of BidsC. Preparation
- Page 20 and 21: 14. Alternative Bids14.1. Alternati
- Page 24 and 25: 20. Sealing and Marking of Bids20.1
- Page 26 and 27: this regard, bids that fail to incl
- Page 28 and 29: (b)The ranking of the total bid pri
- Page 30 and 31: Entity shall approve or disapprove
- Page 32 and 33: (c)(d)Signing of the contract as pr
- Page 34 and 35: 33. Notice to Proceed33.1. Within t
- Page 36 and 37: ITB ClauseBid Data Sheet1.1. The PR
- Page 38 and 39: 2. Php 90,140.00 (2% of ABC), Irrev
- Page 40 and 41: Return (Monthly: BIR Form No. 2550-
- Page 42 and 43: TABLE OF CONTENTS1. DEFINITIONS ...
- Page 44 and 45: 1. DefinitionsFor purposes of this
- Page 46 and 47: 1.24. Site Investigation Reports ar
- Page 48 and 49: All Materials and Plant on Site sha
- Page 50 and 51: 7. Performance Security7.1. Unless
- Page 52 and 53: 10. Site Investigation ReportsThe C
- Page 54 and 55: Form of Warranty(a) Cash or letter
- Page 56 and 57: evidence and such policies shall be
- Page 58 and 59: 17. Termination for Default of Proc
- Page 60 and 61: 18.6. If this Contract is terminate
- Page 62 and 63: accordance with approved plans and
- Page 64 and 65: agreement, the parties may agree in
- Page 66 and 67: (d)At appropriate new rates, equal
- Page 68 and 69: 33. Bill of Quantitiesthe PROCURING
- Page 70 and 71: 38.2. The use of a third party to c
(ii)(iii)(iv)does not accept the correction <strong>of</strong> errors pursuant to ITBClause 27.3 (b);fails to submit the requirements within the prescribedperiod, or a finding against their veracity, as stated inITB Clause 34.2; orany other reason stated in the BDS.(b)if the successful Bidder:(i)(ii)(iii)fails to sign the contract in accordance with ITB Clause31;fails to furnish performance security in accordance withITB Clause 32; orany other reason stated in the BDS.19. Format and Signing <strong>of</strong> Bids19.1. Bidders shall submit their bids through their duly authorizedrepresentative using the appropriate forms provided in Section IXBidding Forms on or before the deadline specified in the ITB Clauses21 in two (2) separate sealed bid envelopes, and which shall besubmitted simultaneously. The first shall contain the technicalcomponent <strong>of</strong> the bid, including the eligibility requirements under ITBClause 12, and the second shall contain the financial component <strong>of</strong> thebid.19.2. Forms as mentioned in ITB Clause 19.1 must be completed withoutany alterations to their format, and no substitute form shall beaccepted. All blank spaces shall be filled in with the informationrequested.19.3. The Bidder shall prepare an original <strong>of</strong> the first and second envelopesas described in ITB Clauses 12 and 13. In addition, the Bidder shallsubmit copies <strong>of</strong> the first and second envelopes. In the event <strong>of</strong> anydiscrepancy between the original and the copies, the originalshall prevail.19.4. The bid, except for un-amended printed literature, shall be signed, andeach and every page there<strong>of</strong> shall be initialed, by the duly authorizedrepresentative/s <strong>of</strong> the Bidder.19.5. Any interlineations, erasures, or overwriting shall be valid only if theyare signed or initialed by the duly authorized representative/s <strong>of</strong> theBidder.21<strong>Clark</strong> Development CorporationSection II Instructions to Bidders<strong>Asphalt</strong> <strong>Overlay</strong> <strong>of</strong> <strong>CDC</strong> <strong>Roads</strong>
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