By Louella D. Desiderio (The Philippine Star) | Updated June 5, 2013 - 12:00am
MANILA, Philippines - The Bases Conversion and Development Authority (BCDA) is seeking bids from educational institutions for the lease and development of a 1,395-square-meter property at the Bonifacio Global City (BGC) in Taguig.
“We are calling on all interested educational institutions to join this bidding process, and be one with the BCDA in pursuing continued national progress,” BCDA president and chief executive officer Arnel Paciano Casanova said in a statement yesterday.
Nena Radoc, chairperson of BCDA’s asset disposition program committee, said the property is the last remaining vacant lot at the institutional area of BGC.
“In effect, this is a rare chance for reputable educational institutions to have their presence in the most progressive and prestigious address in Metro Manila,” she said.
The state-run firm said the minimum acceptable starting annual lease for the property shall be P3.948 million, subject to five percent annual escalation.
The winning bidder will be required to pay in advance the annual lease for the first four years.
Radoc said other requirements for the bidding of the property are in the terms of reference (TOR) which interested bidders may purchase at the BCDA Corporate Center in Taguig City until June 11, for a non-refundable fee of P50,000.
The TOR may also be viewed at the BCDA website at www.bcda.gov.ph.
A pre-bid conference, which will discuss the TOR as well as serve as the venue to answer inquiries of interested bidders is scheduled on June 11 at 10 a.m., at the BCDA Corporate Center.
The BCDA is mandated to transform former military bases into alternative productive civilian use.
“As an instrument of the national government, the BCDA is mandated to transform former military bases into centers of growth, and this means not just malls and hotels, but also schools and other civic institutions,” Casanova said.
He said the state-run firm expects the last institutional area of BGC up for bidding to play an important role for the Taguig business district and the country as a whole.
“The AFP (Armed Forces of the Philippines) will benefit from the bidding of this lot, as remittances will go towards the modernization of our armed forces, all for the improved protection and security of our nation,” he said further.