The Privatization and Management Office (PMO) is offering for sale on an “as-is, where-is” basis, the properties described hereunder through:

The properties are being offered at a Base Price as set forth above. The prices are payable in Cash or in the form of a bank Manager’s Check, and is exclusive of any and all taxes. All taxes, fees, and expenses pursuant to or in relation to the sale of the properties shall be borne by the Buyer. Bid/s or Offer/s must not be lower than the Base Price.

For the Bidding/Negotiated Sale Documents, which include the authenticated Asset Specific Bidding Rules (“ASBR”)/Specific Rules on Negotiated Sale (“SRNS”) and the Asset Specific Catalogue (“ASC”), shall be issued starting on 27 May 2024 until the day immediately preceding the Bid Submission Deadline as indicated above during office hours (8:00 a.m. to 5:00 p.m.) at the 2nd Floor, Privatization and Management Office (PMO), 104 Gamboa St., Legaspi Village, Makati City.

As a prerequisite to the issuance of the Bidding/Negotiated Sale Documents, interested parties shall pay a non-refundable Participation Fee as set forth above. Interested parties who have been issued the Bidding/Negotiated Sale Documents may conduct due diligence of the particular lot starting 27 May 2024 until the day immediately preceding the Bid Submission Deadline for the particular properties.

A Pre-bidding Conference/Pre-Negotiated Sale Conference will be held on the dates set forth above. Only interested bidders who purchased the Bidding/ Negotiated Sale Documents are allowed to attend the said conference.

Deadline of Submission of bids/offers shall be held on the dates set forth above. Bids/Offers shall be submitted at the 4th Floor, Privatization and Management Office (PMO), 104 Gamboa St., Legaspi Village, Makati City. The opening and tabulation of bids/offers shall be done immediately after the Bid Submission Deadline.

The Bidders/Offerors must comply with the requirements provided in the ASBR/SRNS, and shall be required to submit a Bid Deposit equivalent to at least ten percent (10%) of the bid/offered price indicated in the ASBR/SRNS
(“the Deposit”). The Deposit may be in the form of Cash or a bank Manager’s Check, issued by a reputable commercial bank acceptable to PMO, payable to the “Privatization and Management Office.”

The opening and evaluation of bids/offers shall only be for the purpose of determining the highest qualified financial bid/offer, which shall be subject to the approval of the Privatization Council prior to any award. Full payment of the Purchase Price for the relevant lot shall be made within the specific period from receipt of the Notice.

Interested parties may contact:

Marketing Division

PRIVATIZATION AND MANAGEMENT OFFICE

104 Gamboa Street, Legaspi Village, Makati City

Telephone Nos. : (02) 8818-8305 or (02) 8817-6331

Fax No. : (02) 8893-3453

The PMO reserves the right to reject any or all bids/offers, or to waive any defect or required formality therein, and to accept the bids/offers considered most advantageous to the National Government. The PMO may resort to other modes of disposition provided under existing laws, rules and regulations in case of a failure of public bidding.

The PMO does not assume any obligation to compensate or indemnify parties for any expense or loss that may be incurred as a result of their participation in the bidding/negotiated sale process for any of the lots, nor does it guarantee that an award will be made. The PMO reserves the right to modify, supplement, or change the ASBR/SRNS, or any document included in the Bidding/Negotiated Sale Documents, and any other aspect of the bidding/negotiated sale process at any time, including the schedule and venue provided herein, for any reason and without giving prior notice. Bidders/Offerors shall be notified subsequently of such modifications, supplements, or changes.

(Sgd.) ATTY. MAAN VANESSA L. DOCTOR

             Chief Privatization Officer