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2 firms submit bids for BCDA properties

By Louella D. Desiderio (The Philippine Star) Updated October 23, 2012 12:00 AM

MANILA, Philippines - Two firms have submitted bids to develop the driving range lot and Nichols property in Pasay City, the Bases Conversion and Development Authority (BCDA) said.

In a text message, Nena Radoc, BCDA vice president and chief finance officer said two proponents submitted bids to develop the 5,005 square meter (sqm) driving range lot as well as the 5,389 sqm Nichols Loop at last week’s bidding.

“We had a successful bidding...in which two proponents participated,” she said.

She said one was declared ineligible however, as it failed to comply with the requirements.

The other proponent, she said submitted a bid higher than the floor price of P89.59 million for the two properties.

Radoc declined to identify the two bidders.

“We cannot yet reveal the identity of the bidder as we will have to conduct post qualification verification first,” she said.

She said the BCDA hopes to complete the verification of the proposal after four weeks.

The driving range lot and Nichols property have been set for institutional use.

Last week’s bidding was the second undertaken by the BCDA to find a firm to develop the two assets.

In August, the BCDA conducted an auction for the two properties but the bidding failed as only one firm submitted a proposal.

Earlier, the BCDA awarded the development of the Eastgate parking facility and Sampaguita East Ramp lot in Taguig City to businessman Simon Paz.

The 3,099 sqm Eastgate parking facility has been designated for institutional use, while the 1,224 sqm Sampaguita East Ramp lot is suitable for residential, commercial and institutional use.
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