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Asphalt Overlay of CDC Roads - Clark Freeport Zone

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(iii)If the source <strong>of</strong> funds for the project has been withheldor reduced through no fault <strong>of</strong> the Procuring Entity.29.3. In addition, the Procuring Entity may likewise declare a failure <strong>of</strong>bidding when:(a)(b)(c)(d)No bids are received;All prospective bidders are declared ineligible;All bids fail to comply with all the bid requirements or fail postqualification;orThe bidder with the Lowest Calculated Responsive Bid refuses,without justifiable cause to accept the award <strong>of</strong> contract, and noaward is made.30. Contract AwardF. Award <strong>of</strong> Contract30.1. Subject to ITB Clause 28, the Procuring Entity shall award the contractto the Bidder whose Bid has been determined to be substantiallyresponsive and has been determined to be the Lowest Calculated andResponsive Bid (LCRB).30.2. Prior to the expiration <strong>of</strong> the period <strong>of</strong> Bid validity, the Procuring Entityshall notify the successful Bidder in writing that its Bid has beenaccepted, through a Notice <strong>of</strong> Award received personally or sent byregistered mail or electronically, receipt <strong>of</strong> which must be confirmed inwriting within two (2) days by the LCRB and submitted personally orsent by registered mail or electronically to the Procuring Entity.30.3. Notwithstanding the issuance <strong>of</strong> the Notice <strong>of</strong> Award, award <strong>of</strong> contractshall be subject to the following conditions:(a)Submission <strong>of</strong> the following documents within the prescribedperiod from receipt by the Bidder <strong>of</strong> the notice that it has theLowest Calculated and Responsive Bid:(i)(ii)Valid JVA, if applicable, within ten (10) calendar days;Valid PCAB license and registration for the type and cost<strong>of</strong> the contract to be bid for foreign bidders, within thirty(30) calendar days, if allowed under a Treaty orInternational or Executive Agreement mentioned in ITBClause 12.1. (a) (iv);(b)<strong>Clark</strong> Development CorporationPosting <strong>of</strong> the performance security in accordance with ITBClause 32;29Section II Instructions to Bidders<strong>Asphalt</strong> <strong>Overlay</strong> <strong>of</strong> <strong>CDC</strong> <strong>Roads</strong>

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