PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .

BCDA extends SCTEX deadline for purchase of bid documents

By Louella Desiderio (The Philippine Star) | Updated August 27, 2013 - 12:00am

MANILA, Philippines - State-run Bases Conversion and Development Authority (BCDA) has extended anew the deadline for the purchase of bid documents for the two lots along the Subic-Clark-Tarlac Expressway (SCTEX) until today (Tuesday) following requests from interested firms, even as 10 companies have already purchased the terms of reference (TOR) for the properties.

“We decided to extend further to Tuesday, Aug. 27, the deadline for the purchase of the TOR as we received calls from firms who requested that we extend the deadline,” BCDA Asset Disposition Program Committee chair Nena Radoc said in a telephone interview.

The original deadline for the purchase of the TOR was on Aug. 19, but the BCDA extended it until Aug. 23, after the pre-bid conference for the properties was postponed due to the heavy rains and floods in Metro Manila last week.

The pre-bid conference, which was supposed to be held last Aug. 20, has been rescheduled for this week.

“10 firms already bought the TOR, but we still expect some companies to buy,” Radoc said.

The TOR for the bidding of the properties can be purchased at a non-refundable fee of P50,000 at the BCDA Corporate Center in Bonifacio Global City or viewed through the BCDA’s website,
Business ( Article MRec ), pagematch: 1, sectionmatch: 1

The lots being offered for bidding called Concepcion Service Area and Macangcung Service Area – cover two hectares each and are located at Brgy. Santiago in Concepcion, Tarlac.

The Concepcion Service Area is in the south bound direction of the Clark-Tarlac segment, while the Macangcung Service Area is in the north bound side of the same segment.

The properties are intended to be leased and developed into service areas which would have a  gas station, restrooms, parking slots, emergency First Aid station, potable water and lighting system, emergency vehicle repair shop and convenience stores.

The properties are intended to be leased for 25 years, and renewable for another 25 years.

Interested bidders must be able to meet the minimum acceptable starting annual lease for each of the two-hectare properties set at P2.240 million.

To give the winning bidder or bidders time to develop the properties into service areas, the minimum lease will only apply on the second year, subject to an annual escalation of five percent.

The fixed lease for three years covering years two to four, however, should be given to the BCDA by the winning firm upon contract signing.     

real estate central philippines
Copyright ©2008-2018