Asphalt Overlay of CDC Roads - Clark Freeport Zone

Contracting Capability Any one of the Following:o Computation of Net Financial Contracting Capacity (NFCC) which must be equalto ABC (Sample Form No. SF-INFR 19) , ORoCertificate of commitment specific to the contract to be bid, issued by alicensed bank to extend to the bidder a credit line if awarded the contractwhich shall at least equal to 10% of ABC. (Sample Form No. SF-INFR 20)Class B Documents If applicable, valid Joint Venture Agreement (JVA) or, in lieu thereof, duly notarizedstatements from all the potential joint venture partners stating that they will enterinto and abide by the provisions of the JVA in the instance that the bid is successfulshall be included in the bid.TECHNICAL DOCUMENTS Bid SecurityAny one of the following: Php 90,140.00 (2% of ABC), if bid security is in cash,cashier’s/manager’s check, bank draft/guarantee confirmed by aUniversal or Commercial bank;Php 90,140.00 (2% of ABC), Irrevocable Letter of Credit issued bya Universal or Commercial Bank: Provided, however, that it shall beconfirmed or authenticated by a Universal or Commercial Bank, ifissued by a foreign bank.Php 225,350.00 (5% of ABC) if bid security is in Surety Bondcallable upon demand issued by a surety or insurance company dulycertified by the Insurance Commission as authorized to issue suchsecurity; orAny combination of the foregoing proportionate to the share of formwith respect to total amount of security.Except for the following CDC blacklisted Insurance Company:Sterling InsuranceStronghold Insurance100