The Home Guaranty Corporation (HGC) invites HGC Officers and Employees to purchase thru sealed bids and on an “AS IS, WHERE IS” basis various Unserviceable Motor Vehicles referred to in Annex “A”.

CONDITIONS:

1. All bids shall be accompanied with a bidder’s bond equivalent to ten (10%) percent of the actual bid price for items listed under Annex “A”, in the form of cash, manager’s/cashier’s check payable to HGC;


2. Prospective bidders may make an offer for one or more items in the List of Motor Vehicles;


3. Bids and corresponding bid bonds shall be placed in a sealed envelope and dropped in the bid box located at the G/F Lobby, Jade Building, 335 Sen. Gil Puyat Avenue, Makati City not later than 2:00 p.m. of February 19, 2010;


4. Prospective bidders are required to inspect the property at the Jade Building, 335 Sen. Gil Puyat Avenue, Makati City.;


5. The Instructions to Bidders (ITB) shall be available at the Administrative Department, G/F, Jade Building, 335 Sen. Gil Puyat Avenue, Makati City starting February 8, 2010;


6. For other inquiries regarding the bidding, please contact the Administrative Department at telephone Nos. 897-32-94 and 897-3266.


7. The Corporation reserves the right to reject any or all offer, to waive any defects therein or to accept such offers as may be considered most advantageous to the corporation.

CORAZON G. CORPUZ
Vice-Chair, Bids and Awards Committee