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HOME DEVELOPMENT MUTUAL FUND LUCENA ... - Pag-ibig Fund

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a- May not be required for small procurement (i.e., procurement of goods costing PhP 2M and below).<br />

b- Advertisement of the ITB in a newspaper of general nationwide circulation shall not be required for contracts to be bid with an ABC of PhP 2M and below.<br />

c- The BAC shall convene at least 1 Pre-Bid Conference for contracts to be bid with an ABC of PhP 1M or more. However, for contracts to be bid with an<br />

ABC of less than PhP 1M, Pre-Bid Conference maybe conducted at the discretion of the BAC.<br />

d- Shall be completed in not more than 7CD from the determination of the LCB but maybe extended by the HOPE up to maximum of 30CD.<br />

e- Board approval shall be required prior to contract signing for contracts amounting to more than PhP 40M.<br />

Note: Prescribed timeline for Goods and Services - maximum of 124 CD per Annex<br />

"C" of the Revised IRR of R.A. 9184<br />

GS FORM 10

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