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COMMITTEE ON AWARDS

INVITATION TO BID

 The City of Cebu invites Philippine Corporations with total asset based on the 2012 Financial Statement of at least 25 Billion Pesos to bid for the disposal of the following Cebu City Lot described below:

Lot No.          :   Lot No. 8-B-1

Title No.       :   107-2011000963

Area              :   263,384 square meters

Location       :   South Road Properties

 Sale will be through public bidding.  Floor price is TWENTY THOUSAND PESOS (P20,000.00) per square meter or a total of FIVE BILLION, TWO HUNDRED SIXTY SEVEN MILLION SIX HUNDRED EIGHTY THOUSAND PESOS (Php 5,267,680,000.00).  All bids must be accompanied by a bid bond in the form of Cash or Manager’s Check in an amount equivalent to Ten Percent (10%) of the bid amount which shall form part of the downpayment.  Bidders bond of all losing bidders shall be returned when the award is concluded.

 

All particulars relative to the Bid Security, Evaluation of the Bids and Award shall be governed by the pertinent provisions of COA Circular No. 92-386, Rules and Regulations on Supply and Property Management in the Local Governments.

 The schedule of activities is as follows: 

ACTIVITY

DATE

VENUE

1.Publications of

Invitation to bid

May 30, 2015

June 5, 2015

June 12, 2015

3 Newspapers of General

Circulation both local

and national,

Cebu City Website,

Post Office Main Bulletin

Board,

Cebu Provincial Capitol

Bulletin Board

Cebu City Hall Bulletin

Board

2. Sale of Bid

Documents

June 15-26, 2015, 8:00 am to 5:00 pm

DEPARTMENT OF GENERAL SERVICES

7th floor, Executive Bldg, Cebu City Hall

3. Site Inspection

June 17, 2015,  8AM- 12NN

DEPARTMENT OF GENERAL SERVICES

7th floor, Executive Bldg, Cebu City Hall

4. Pre-bid Conference

June 18, 2015

2PM

SP Social Hall

4th Floor Legislative Bldg. Cebu City Hall

5. Submission and

Receipt of Bids

June 30, 2015

10:00 am to 1:00 pm

SP Social Hall

4th Floor Legislative Bldg. Cebu City Hall

6. Opening of Bids

June 30, 2015

2PM

SP Social Hall

4th Floor Legislative Bldg. Cebu City Hall

 The Committee on Awards will issue Bidding Documents to bidders upon payment of a non-refundable amount of Php 50,000.00 to the Cebu City Treasurer. 

The City Government of Cebu assumes no responsibility whatsoever to compensate or indemnify bidder for any expenses incurred in the preparation of their bids. 

The City Government of Cebu reserves the right to reject any and all bids, to waive any formalities therein, and to accept the bid which is most advantageous to the government.

 

ATTY. JERONE G. CASTILLO
Acting Chairman 

 

Dates of Publication: May 30, June 5, & June 12, 2015

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