SUBJECT:   Second Bidding for the production and printing of one thousand (1,000) copies of the 2011-2013 Consolidated Annual Report

DATE     :    July 23, 2014

As discussed and agreed upon during the Pre-bid Conference of July 22, 2014, the following are hereby amended:

Instruction to Bidders:

Item I.5.a  shall read as follows: 
The Bid Security which shall be in any of the following forms, amounts and validity period of at least one hundred and twenty (120) calendar days from the date of opening of bids.  The Bid Security shall be denominated in Philippine Pesos and posted in favor of HGC:

FORM OF BID SECURITY	BID SECURITY
1.    Cash or cashier’s / manager’s check issued by a Universal or Commercial Bank	Two percent (2%) of Approved Budget for the Contract ( ABC)
2. Bank draft/guarantee or irrevocable letter of credit issued by a Universal or Commercial Bank	Two percent (2 %) of ABC
3.  Surety Bond callable upon demand issued by a surety or insurance company duly certified by the Insurance Commission as authorized to issued such security	Five percent (5 %) of ABC
4.  Bid Securing Declaration issued by the GPPB through GPPB Resolution No. 3-2012 dated January 27, 2012 as an additional form of bid security

 

All other provisions of the Instruction to Bidders not inconsistent herewith shall remain valid and binding.