This is a re-posted article.
THE GOVERNMENT has formally invited South Korean firms for the auction of the air navigational system for the Laguindingan International Airport, according to a published announcement on Friday.
"The Department of Transportation and Communications (DoTC) now invites prospective Korean bidders to submit sealed bids for the supply, delivery, installation, testing and commissioning of the following major components," according to the bulletin published in a newspaper.
Among the major items needed for the $13.29-million navigational system upgrade are the instrument landing system, a Doppler radar, communications, automated weather observation, electrical works for air navigation and aeronautical ground lighting, the Transportation department said in a statement on Thursday.
Deadline of submission of bids was set for Aug. 27.
The project in Misamis Oriental province was offered to Korean firms as funding will come from a loan from the South Korean government, Transportation Secretary Manuel A. Roxas II said last week.
"The government of the Philippines, through the Department of Finance has received a loan of Export-Import Industry Bank of Korea from the resources of the Economic Development Cooperation Fund of the Republic of Korea denominated in Korean won equivalent to $13.29 million towards the cost of Laguindingan Airport navigation system and support facilities and intends to apply portion of this loan to payments under single contract package," the published bulletin explained. The contract duration is 15 months.
Meanwhile, the bulletin said prospective bidders should have a minimum technical and financial qualification, including contractual experience satisfactorily completed in the last 10 years; one to two years technical experience; average annual turnover for the last three years of $22.545 million; "positive" fiscal capacity in the last three years; and cash flow capacity of $1.41 million.
Prospective bidders should write a letter of intent to the Transportation department within 10 days after the date of the publication of invitation for them to be able to purchase bidding documents worth P80,000, the bulletin said.
Bids must be submitted before 10:00 a.m. of August 27, the notice read, adding that "all bids must be accompanied by bid security in the form of bank guarantee in the amount of at least $281,208.29."
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Source: C. H. C. Venzon, BusinessWorld (13 July 2012)
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