Vol. XXII, No. 186-A [ BusinessWorld Online ]
Saturiday, April 25, 2009 | MANILA, PHILIPPINES
Five firms are expected to bid for a P1.2-billion contract for the reconstruction and repair of the old Ayuntamiento building of the Treasury bureau in Intramuros, Manila.
In a statement, the Treasury said A.M. Oreta & Co. Inc., Hilmarc’s Construction Corp., DDT Konstract, Inc., D.M. Consunji Inc., and Young Builders Corp. have qualified to submit bids.
"Upon careful examination, validation and verification of all the legal, technical and financial documents submitted by 11 contractors, only five contractors ... passed the preliminary examination and has substantially complied with all the eligibility requirements," it said.
The Treasury said a total of 13 companies bought eligibility documents but only 11 returned them on March 30. Of the eleven, only five passed the requirements.
The Treasury invited contractors to join the qualification process last March 9. Among the requirements were a valid license and completion of a similar contract costing at least P595 million in the last 10 years.
The Ayuntamiento was the seat of the municipal government of Manila and Spanish governors-general during the Spanish colonial era and the Philippine Assembly during the American occupation
The two-story building, located at the corner of Andres Soriano Avenue and Cabildo Street in Intramuros, was destroyed during World War II. It occupies half a block, about 5,589.60 square meters, near the Manila Cathedral.
The project involves the construction of a three-story main structure on top of a central basement, with a four-level annex building.
Qualified firms should submit their financial and technical proposals on or before May 19.