PROCUREMENT OF SECURITY SERVICES REQUIREMENT ... - NFA

15.5 1. Prices quoted by the Bidder shall be fixed during the Bidder’s performance of the contract and notsubject to variation or price escalation on any account, except for cases covered by 5.2.1, 5.2.2.and 5.2.3 of Appendix 14 Guidelines for Procurement of Security and Janitorial Services (GPPBResolution 024-2007 dated September 28, 2007). A bid submitted with an adjustable pricequotation shall be treated as non-responsive and shall be rejected.16.1(b)No further instruction16.3 Not applicable17.1 Bids will be valid for 120 dates from date of bid opening or until May 16, 2013.18.1 The bid security shall be in the following amount:Form of Bid Security(a) Cash or cashier’s/manager’s check issued by aUniversal or Commercial Bank.(b) Bank draft/guarantee orirrevocable letter of credit issued by a Universal orCommercial Bank: Provided, however, that it shall beconfirmed or authenticated by a Universal orCommercial Bank, if issued by a foreign bank.(c) Surety bond callable upon demand issued by asurety or insurance company duly accredited by NFAand duly certified by the Insurance Commission asauthorized to issue such security.(d) Any combination of theforegoing.Amount of Bid Security(Equal to Percentage of the ABC)Two percent (2%) of ABCPhp481,504.14Two percent (2%) of ABCPhp481,504.14Five percent (5%)Php1,203,760.35Proportionate to share of form withrespect to total amount of security18.2 The bid security shall be valid for one hundred twenty (120) calendar days from the date of theopening of bids or until May 16, 2013.20 Each Bidder shall submit ONE (1) ORIGINAL and THREE (3) CERTIFIED PHOTOCOPIES of the firstcomponent (Eligibility and Technical Documents) and ONE (1) ORIGINAL and THREE (3) CERTIFIEDPHOTOCOPIES of the second component (Financial Component) of the bid observing the Sealing andMarking and properly signed by the bidder per page.21 The address for submission of bids is NATIONAL FOOD AUTHORITY, Regional Office V, Pier Site,Legazpi City.The deadline for submission of bids is January 16, 2012 10:00 A.M.24.1 The place of bid opening is NATIONAL FOOD AUTHORITY, Regional Office V, Pier Site, Legazpi City.The date and time of bid opening is January 16, 2012 at 10:05 A.M.24.2 No further instructions.24.6 “Not applicable”24.9 Additional instructions:a. It is recognized that the proper and efficient procurement of security services should be based notsolely on cost, but should also take into consideration a range of other factors, such as, but notlimited to, length on contract, standard of internal governance, adequacy of resources, levels of35