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bid documents for the procurement of rice mill parts and ...

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p<strong>rice</strong>s using <strong>the</strong> National Statistics Office consumer p<strong>rice</strong> index, must be at<br />

least equivalent to a percentage <strong>of</strong> <strong>the</strong> ABC stated in <strong>the</strong> BDS.<br />

For this purpose, contracts similar to <strong>the</strong> Project shall be those described in <strong>the</strong><br />

BDS, <strong>and</strong> completed within <strong>the</strong> relevant period stated in <strong>the</strong> Invitation to Bid<br />

<strong>and</strong> ITB Clause 12.1(a)(iii).<br />

5.5. The Bidder must submit a computation <strong>of</strong> its Net Financial Contracting<br />

Capacity (NFCC) or a commitment from a Universal or Commercial Bank to<br />

extend a credit line in its favor if awarded <strong>the</strong> contract <strong>for</strong> this Project (CLC).<br />

The NFCC, computed using <strong>the</strong> following <strong>for</strong>mula, must be at least equal to<br />

<strong>the</strong> ABC to be <strong>bid</strong>:<br />

NFCC = [(Current assets minus current liabilities) (K)] minus <strong>the</strong> value <strong>of</strong><br />

all outst<strong>and</strong>ing or uncompleted portions <strong>of</strong> <strong>the</strong> projects under ongoing<br />

contracts, including awarded contracts yet to be started coinciding with <strong>the</strong><br />

contract <strong>for</strong> this Project.<br />

Where:<br />

K = 10 <strong>for</strong> a contract duration <strong>of</strong> one year or less, 15 <strong>for</strong> a contract<br />

duration <strong>of</strong> more than one year up to two years, <strong>and</strong> 20 <strong>for</strong> a contract<br />

duration <strong>of</strong> more than two years.<br />

The CLC must be at least equal to ten percent (10%) <strong>of</strong> <strong>the</strong> ABC <strong>for</strong> this<br />

Project. If issued by a <strong>for</strong>eign bank, it shall be confirmed or au<strong>the</strong>nticated by a<br />

Universal or Commercial Bank. In <strong>the</strong> case <strong>of</strong> local government units (LGUs),<br />

<strong>the</strong> Bidder may also submit CLC from o<strong>the</strong>r banks certified by <strong>the</strong> Bangko<br />

Sentral ng Pilipinas (BSP) as authorized to issue such financial instrument.<br />

6. Bidder’s Responsibilities<br />

6.1. The Bidder or its duly authorized representative shall submit a sworn<br />

statement in <strong>the</strong> <strong>for</strong>m prescribed in Section VIII. Bidding Forms as required in<br />

ITB Clause 12.1(b)(iii).<br />

6.2. The Bidder is responsible <strong>for</strong> <strong>the</strong> following:<br />

(a)<br />

(b)<br />

(c)<br />

(d)<br />

Having taken steps to carefully examine all <strong>of</strong> <strong>the</strong> Bidding<br />

Documents;<br />

Having acknowledged all conditions, local or o<strong>the</strong>rwise, affecting <strong>the</strong><br />

implementation <strong>of</strong> <strong>the</strong> contract;<br />

Having made an estimate <strong>of</strong> <strong>the</strong> facilities available <strong>and</strong> needed <strong>for</strong> <strong>the</strong><br />

contract to be <strong>bid</strong>, if any;<br />

Having complied with its responsibility to inquire or secure<br />

Supplemental/Bid Bulletin(s) as provided under ITB Clause 10.3.<br />

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