PROCUREMENT OF SECURITY SERVICES REQUIREMENT ... - NFA

NFCC = [(Current assets minus current liabilities) (K)] minus the value of all outstanding oruncompleted portions of the projects under ongoing contracts, including awarded contractsyet to be started coinciding with the contract for this Project.Where:K = 10 for a contract duration of one year or less, 15 for a contract duration of more thanone year up to two years, and 20 for a contract duration of more than two years.The CLC must be at least equal to ten percent (10%) of the ABC for this Project. If issued by aforeign bank, it shall be confirmed or authenticated by a Universal or Commercial Bank. In thecase of local government units (LGUs), the Bidder may also submit CLC from other bankscertified by the Bangko Sentral ng Pilipinas (BSP) as authorized to issue such financialinstrument.6. Bidder’s Responsibilities6.1. The Bidder or its duly authorized representative shall submit a sworn statement in the form prescribedin Section IX. Bidding Forms as required in ITB Clause 12.1(b)(iii).6.2. The Bidder is responsible for the following:(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)Having taken steps to carefully examine all of the Bidding Documents;Having acknowledged all conditions, local or otherwise, affecting the implementation ofthe contract;Having made an estimate of the facilities available and needed for the contract to bebid, if any;Having complied with its responsibility to inquire or secure Supplemental/Bid Bulletin(s)as provided under ITB Clause 10.3.Ensuring that it is not “blacklisted” or barred from bidding by the GOP or any of itsagencies, offices, corporations, or LGUs, including foreign government/foreign orinternational financing institution whose blacklisting rules have been recognized by theGPPB;Ensuring that each of the documents submitted in satisfaction of the biddingrequirements is an authentic copy of the original, complete, and all statements andinformation provided therein are true and correct;Authorizing the Head of the Procuring Entity or its duly authorized representative/s toverify all the documents submitted;Ensuring that the signatory is the duly authorized representative of the Bidder, andgranted full power and authority to do, execute and perform any and all acts necessaryand/or to represent the Bidder in the bidding, with the duly notarized Secretary’sCertificate attesting to such fact, if the Bidder is a corporation, partnership, cooperative,or joint venture;Complying with the disclosure provision under Section 47 of RA 9184 in relation to otherprovisions of RA 3019; andComplying with existing labor laws and standards in the case of procurement ofservices.Failure to observe any of the above responsibilities shall be at the risk of the Bidder concerned.11