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Salient IRR Revisions

IRR Revisions: Infra. Eligibility Requirements (Sec. 23)Legal DocumentsDTI / SEC / CDA RegistrationMayor's permit for principal place of businessTechnical DocumentsStatement of all on-going and completed contractsPCAB license and registrationUnless otherwise stated in treaty or internationa

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Salient IRR Revisions

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    1. Salient IRR Revisions Procurement of Infrastructure

    2. IRR Revisions: Infra Eligibility Requirements (Sec. 23) Legal Documents DTI / SEC / CDA Registration Mayor’s permit for principal place of business Technical Documents Statement of all on-going and completed contracts PCAB license and registration Unless otherwise stated in treaty or international or executive agreement

    3. IRR Revisions: Infra Eligibility Requirements (Sec. 23) Financial Documents Audited Financial Statement received by the BIR NFCC computation or Credit Line Commitment from a universal or commercial bank For LGUs, other banks authorized by BSP to issue said instrument

    4. IRR Revisions: Infra Eligibility Requirements (Sec. 23) If Joint Venture - JVA If no JVA, sworn statements by each partner that they will enter into and abide by provisions of the JVA if awarded the contract

    5. IRR Revisions: Infra Eligibility Criteria (Sec. 23) Legal Eligibility General rule: 75% Filipino (LOI 630) If joint venture, less than 75% is allowed if - Not less than 25% Filipino Structures to be built require techniques not possessed by 75% Filipinos Foreign contractors allowed if stated in treaty or international or executive agreement

    6. IRR Revisions: Infra Eligibility Criteria (Sec. 23) Technical Eligibility PCAB License (RA 4566) Satisfactory CPES rating and/or certificate of completion and acceptance

    7. IRR Revisions: Infra Eligibility Criteria (Sec. 23) Technical Eligibility Track Record: Single Largest Contract for Infra Retain at 50% But within a period of ten years For foreign funded procurement, a different track record may be agreed upon

    8. IRR Revisions: Infra Eligibility Criteria (Sec. 23) Financial Eligibility NFCC at least equal to ABC Credit Line Certificate at least equal to 10% of ABC Issued by Universal or Commercial Bank For LGUs: other banks certified by BSP as authorized to issue said CLC Option to submit cash deposit certificate deleted

    9. IRR Revisions: Infra Submission and Receipt of Bids (Sec. 25) Two-Envelope System (Eligibility requirements included in the Technical Proposal) Technical (including eligibility requirements) and Financial Proposals will now be submitted at the same time

    10. IRR Revisions: Infra Submission and Receipt of Bids (Sec. 25) First Envelope Eligibility requirements Bid security Project requirements Omnibus sworn statement

    11. IRR Revisions: Infra Submission and Receipt of Bids (Sec. 25) Second Envelope Financial information/documents specified in the Philippine Bidding Documents

    12. IRR Revisions: Infra Post-qualification (Sec. 34) Submission of the ff documents: Tax clearance Latest income and business tax returns Certificate of PhilGEPS registration Other appropriate licenses and permits required by law and stated in the Bidding Documents.

    13. IRR Revisions: Infra Notice of Award (Sec. 37) Conditioned on the following: If joint venture, submission of JVA If foreign-funded and stated in treaty or international or executive agreement, PCAB License Posting of Performance Security Signing of Contract If required, approvals by higher authority

    14. IRR Revisions: Infra Bid & Performance Securities (Secs. 27 & 39) Deleted certified check from acceptable forms In general, bank issued securities must be issued by a universal/commercial bank However, in biddings conducted by LGUs, securities may be issued by banks certified by BSP as authorized to issue said instruments Surety Bonds must be accompanied by certification from Insurance Commission that issuer is authorized to issue such security

    15. IRR Revisions: Infra

    16. IRR Revisions: Infra Warranty Security (Sec. 62) Warranty period vs. Warranty security period Warranty security period reduced to 1 year Liability per stage From project construction to final acceptance From project completion to final acceptance From final acceptance to warranty security period

    17. IRR Revisions: Infra Liquidated Damages (Sec. 68) Adopted formula of Goods One-tenth of one percent (1%) of the cost of the unperformed portion for every day of delay

    18. Thank you Comments, questions?

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