Home >> Invitation to Bid >> Contract to Rationalize the Distribution of Existing HGC Variable Pay
Distribution of Existing Variable Pay
Date Posted: March 30, 2010

  1. The HOME GUARANTY CORPORATION (HGC), a Government-Owned and Controlled Corporation with office address at Jade Building, 335 Sen. Gil J. Puyat Avenue, Makati City invites all interested bidders to bid for the Contract to Rationalize the Distribution of Existing HGC Variable Pay.

  2. Objectives

    1. To evaluate and review the existing variable pay distribution approach.

      • whether it is effective in achieving the strategic objectives of the Corporation and is able to respond to the needs of its employees;
      • as to how the system compares with other Corporations (GOCCs, GFIs and private institutions) of more or less the same size (in terms of assets, revenues and earnings potential) and that are engaged in similar or related kinds of work; and,
      • whether the system is enabling the Corporation to attract and retain competent personnel.

    2. To formulate and recommend other designs or modes of distribution of, or rationalize the existing variable pay system so as to link the objectives of the Corporation and the individual contribution and performance of the employees.


  3. The Approved Budget for the Contract (ABC) is P 650,000.00 exclusive of VAT.

  4. The ABC shall be sourced from HGC Corporate Funds.

  5. The Instructions to Bidders and Bid Documents shall be available at the HGC Bids and Awards Committee (BAC) Secretariat starting April 13, 2010 until April 19, 2010 upon payment of a non-refundable fee of P3,000.00. Details may be inquired from the HGC BAC Secretariat at telephone nos. 897-3294 and 897-3266.

  6. Interested bidders must submit an Expression of Interest (EOI) with application for eligibility to the BAC thru the HGC BAC Secretariat, Administrative Department, G/F Jade Bldg., 335 Sen. Gil J. Puyat Ave. Makati City not later than April 12, 2010.

  7. Only those who submitted an EOI shall be qualified to submit the eligibility documents. The eligibility documents in sealed envelope shall be dropped inside the “bid box” placed at the Security Guard station, Ground Floor Lobby of Jade Building on or before 2:00 p.m. of April 20, 2010. Thereafter, the eligibility envelope shall be opened in the presence of the bidders or their representatives at the HGC Conference Room, 4th Floor Jade Building, 335 Sen. Gil J. Puyat Avenue, Makati City.

  8. A pre-bid conference will be held on May 6, 2010 at 2:00 p.m., HGC Conference Room, 4th Floor Jade Building, 335 Sen. Gil J. Puyat Avenue, Makati City to clarify matters relative to the bidding.

  9. The Technical and Financial Proposals in sealed envelopes shall be dropped inside the “bid box” placed at the Security Guard station, Ground Floor Lobby of Jade Building on or before 2:00 p.m. of May 19, 2010. Thereafter, the Technical and Financial envelopes shall be opened in the presence of the bidders or their representatives at the HGC Conference Room, 4th Floor Jade Building, 335 Sen. Gil J. Puyat Avenue, Makati City.

  10. The Quality-Cost based evaluation methodology shall be used in evaluating the submitted Technical and Financial Bids of eligible bidders. The Technical Proposal shall be given a weight of 70% while the Financial Proposal shall have a weight of 30%.

  11. The HGC Bids and Awards Committee reserves the right to reject any or all bids or waive any required formality therein or to accept such offer as may be considered most advantageous to the Corporation.


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