MINUTES OF THE BIDDING

 

Present were:

Atty. Carmelo N. Nochete

Vice Chairman

Engr. Diosdado F. Facon

Larry F. Munion

Member

Member

John F. Nocal

Member

Engr. Franco Carlo Monteclaro

Ramona Nacanaynay

Valsermar Cernan Faicol

TWG Head

TWG Member

TWG Member

Cheryl M. Notorio

Head,  Secretariat

Jennifer Frigillano

Secretariat Member

Rey F. Nacisvalencia

Secretariat Member

Norman Tomulto

Representative of Topmost Development and Marketing Corp.

Gina Bañes

Representative of Iloilo City Hardware Inc.

 

  1. Business Matters:

The Bidding for the Supply and Delivery of Materials and Supplies for the Construction/Installation of Water Tank Pad Extension and Installation of Additional Water Tank – Municipal Hall, Miagao, Iloilo was called to order at 3:16 p.m. of August 9, 2012 at the Conference Room of the Municipal Building and was presided by the BAC Vice Chairman Atty. Carmelo N. Nochete. The roll was called and declared a quorum.

 

  • Dropping of Bids:

 i.      Topmost Development and Marketing Corp. : 1:46 p.m.
 ii.       Iloilo City Hardware Inc. :1:47 p.m.

  •  Eligibility Check:
    1. Iloilo City Hardware Inc. and Topmost Development and Marketing Corp.are eligible bidders of the Municipality of Miagao.

Opening and Examination of Bids and Determination of Responsiveness

Reading of Bids and the Approved Budget for the Contract (ABC)

 

A. Required Bid Security

Form of Bid Security

Amount of Bid Security

 (Equal to Percentage of the ABC)

  1. Cash, cashier’s/manager’s check, bank draft / guarantee confirmed by a Universal or Commercial Bank.

 

 

two percent (2%)

 

P 2,804.10

  1. Irrevocable letter of credit issued by a Universal or Commercial Bank: Provided, however, that it shall be confirmed or authenticated by a Universal or Commercial Bank, if issued by a foreign bank.

 

  1. Surety Bond callable upon demand issued by a surety or insurance company duly certified by the Insurance Commission as authorized to issue such security.

 

five percent (5%)

 

  P 7,010.25

  1. Any combination of the foregoing.

 

Proportionate to share of form with respect to total amount of security.

 

 

Bidder’s Name

Name/Type of Bid Security

Amount of Bid Security

Amount of Bid as Read

  1. Topmost Development and Marketing Corp.

Bidder’s Bond

Stronghold Insurance and Company Inc.

Bond No. 350303

Valid for 120 cd from 8/9/12

P 10,000.00

P 125,209.00

  1. Iloilo City Hardware Inc.

Manager’s Check

# 0000012107

Dated August 8, 2012

China Bank – Mabini, Iloilo

P 2,804.10

P 103,350.75

 

B. Approved Budget for the Contract (ABC) – P 140,205.00

 

Checks submitted by Iloilo City Hardware Inc. were deposited at the Office of the Municipal Treasurer. Official receipt was issued to the representative. Bidder’s Bond submitted by Topmost Development and Marketing Corp. was put on flie.

 

The committee will again meet for the succeeding schedule of activities.

 

There having no other remaining topics for discussion, the bidding was adjourned at 3:30 p.m.