MANILA, Philippines – The Bases
Conversion and Development Authority (BCDA) is set to conduct the second
bidding for the Nichols property in Pasay City next month.
Nena Radoc, BCDA vice president and
chief finance officer, said in a text message yesterday that firms interested
to develop the 5,005 square meter (sqm) driving range lot as well as the 5,389
sqm Nichols Loop with a combined value of P89.59 million can start purchasing
bid documents from today (Sept. 11) until Oct. 15.
Bid documents will be available at a
cost of P50,000.
“Submission and opening of proposals
will be (on) Oct. 17,” she said.
“If successful, we hope to sign the
contract on or before Dec. 10,” she said further.
The Nichols property has been
designated for institutional use.
The BCDA held an auction for the
Nichols property last month but the bidding failed as only one firm submitted a
proposal to develop the area.
Prior to last month’s auction, the
BCDA said three firms have shown interest to develop the Nichols property by
purchasing bid documents.
Apart from the Nichols property, the
BCDA is also looking to sign the contracts for the development of the
Sampaguita property and Eastgate parking facility in Taguig City this year.
Five firms submitted proposals for the
auction of the 1,224 square meter (sqm) Sampaguita East Ramp lot which can be
developed as a residential, commercial and institutional area, held last month.
All five proposals were higher than the
floor price of P28 million.
Three firms, meanwhile, submitted bids for the 3,099 sqm
Eastgate parking facility which is suitable for institutional use.
All three firms submitted bids above the P122 million floor
price.
Radoc said the winning bidders would be announced after the
post-qualification of proposals is completed.
The BCDA is also looking to hold the auction for the 1,000
sqm property beside Everest Academy in Bonifacio Global City (BGC) this year
but no date has been set so far.
The BCDA likewise intends to bid out bigger properties in
BGC this year after it secures the approval of the Office of the President.
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