MINUTES OF THE BIDDING

 

Present were:

Tomasa  Arlene N. Nufuar

Chairman

Atty. Carmelo N. Nochete

Vice Chairman

Jane N. Valenzuela

Member

Engr. Diosdado F. Facon

Larry F. Munion

Member

Member

John F. Nocal

Member

Arjane N. Polido

NGO Representative

Engr. Franco Carlo Monteclaro

Ramona Nacanaynay

Valsermar Cernan Faicol

TWG Head

TWG Member

TWG Member

Cheryl M. Notorio

Head,  Secretariat

Jennifer Frigillano

Secretariat Asst. Head

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 of Liga Hall, Brgy. Guibongan, Miagao, Iloilo and Supply and Delivery of Materials and Supplies for the Construction of New Market Stall, Miagao Public Market, Miagao, Iloilo was called to order at 3:03 p.m. of July 17, 2012 at the Conference Room of the Municipal Building and was presided by the BAC Chairman T. Arlene N. Nufuar. The roll was called and declared a quorum.

 

    1. Dropping of Bids: Only Iloilo City Hardware Inc. dropped its bids at 2:00 p.m.

 

  1. Eligibility Check:

    1. Iloilo City Hardware Inc. is an eligible bidder 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)

 

Project No. 1:  Supply and Delivery of Materials and Supplies for the Construction of Liga Hall, Brgy. Guibongan, Miagao, Iloilo

 

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 12,446.10

  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 31,115.25

  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. Iloilo City Hardware Inc.

Manager’s Check

# 0000012078

Dated 7/16/12

China Bank – Mabini, Iloilo

P 12,446.11

616,834.20

 

B. Approved Budget for the Contract (ABC) – P 622,305.00

 

 

Project No. 2: Supply and Delivery of Materials and Supplies for the Construction of New Market Stall, Miagao Public Market, Miagao, Iloilo

 

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 2,975.40

  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 7,438.50

  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. Iloilo City Hardware Inc.

Manager’s Check

# 0000012080

Dated 7/16/12

China Bank – Mabini, Iloilo

P 2,975.40

148,682.05

 

B. Approved Budget for the Contract (ABC) – P 148,770.00

 

 

Checks submitted by Iloilo City Hardware Inc. were deposited at the Office of the Municipal Treasurer. Official receipt was issued to the representative.

 

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

 

There having no other remaining topics for discussion, the bidding was adjourned at 3:20 p.m.