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Korean firm protests result of Mimosa bidding

Thursday, June 19, 2008 [ manilatimes.net ]

CLARK FREEPORT, Pampanga: A Korean consortium, one of the two qualified bidders in the privatization of 215-hectare prime Mimosa Leisure Estate has filed a second motion for reconsideration before the Board of Directors of the Clark Development Corp. (CDC).

Having been declared ineligible by the bidding committee, officials of Hanwool I & D Corp. said through their legal counsel that only the CDC Board of Directors has the final say on the decision of the special committee on privatization in the bidding of Mimosa.

Earlier, the committee declared the bid of Hanwool as having “failed” for not having completed the required bidding documents for submission.

Hanwool officials claimed that their proposal to manage and operate Mimosa Estate is “not only the highest calculated responsive bid but likewise the most beneficial and economically viable whether it is evaluated on a short term or long term basis.”

They added that their bid would ensure the government to get most advantageous terms “as to redound to the benefits of a greater number of people.”

Records showed that the CDC bidding committee conducted on June 6 the opening of bidding documents on the privatization project of Mimosa Estate.

Out of the 10 bidders that secured the bidding documents, only two of them—Hanwool Corp. and Waterfront Philippines, Inc. submitted the bid documents on time. The others either did not arrive on time for the bidding or decided not to participate anymore.

Both two bidders passed the eligibility check and qualified for the opening of their technical proposals that were sealed in three envelopes each.

The bidding committee adopted the three-envelop system in which the envelopes were opened and examined one by one. In the opening of the first two envelopes, both qualified after determining that they contained the required and complete documents.

In the opening of the second envelopes, only the one submitted by Waterfront Corp. was found with the complete required bidding documents.

This resulted in the resolution of the bidding committee to declare Waterfront as the winning bidder. -- Mark Louie P. Roxas

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