This Bid Bulletin is issued to modify, amend or clarify items in the issued Bidding Documents for the project:
1. Museum Maintenance and Restoration of the Museum of Philippine Economic History (MPEH)
Please be informed of the following additional information and clarifications:
1. The submission of a Performance Securing Declaration (PSD) by the winning bidder in lieu of a Performance Security Bond (a mechanism originally provided for by the Guidelines on the use of a Framework Agreement as adopted by Resolution No. 12-2017 and subsequently revised by Resolution No. 27-2019 by the Government Procurement Policy Board or the GPPB), is allowed and encouraged in light of the ongoing COVID-19 pandemic, pursuant to Resolution No. 09-2020 as approved by the GPPB on 7 May 2020 (Approving measures for the efficient conduct of procurement activities during a State of Calamity, or implementation of Community Quarantine or similar restrictions) considering limited access to financial institutions, regulatory and other offices, as well as the implementation of government restrictions on transport and travel. However, the same Resolution also stipulates that the end-user (procuring entity) may require the posting of an actual Performance Security Bond upon the lifting of the aforementioned restrictions, subject to its own evaluation of the circumstances.
Upon unanimous decision, the NHCP-BAC as the procuring entity requires the winning bidder to submit a Performance Security Bond upon the receipt of Notice of Award.
For the guidance of all concerned.
CARMINDA R. AREVALO
Chairman, BAC