MANILA – The Light Rail Transit Authority (LRTA) is set to bid out a 3-year maintenance contract for the Light Rail Transit Line 2 (LRT-2).
LRTA said interested bidders will be given until July 30 to submit their bids for the P1.33 billion-contract.
The bidding is open to Filipino citizens, sole proprietorship, partnerships or organizations with at least 60 percent interest or outstanding capital stock belonging to citizens of the Philippines.
Bidders will undergo an open competitive bidding procedure using non-discretionary “pass or fail” criterion and will be required to submit a bid security of P26.62 million if in cash, cashier’s check or manager’s check, bank draft or guarantee, or irrevocable letter of credit.
If the bid security is in surety bond, the amount required is P66.55 million.
Bidders are also required to have experience in the maintenance of a similar rail system for 15 years during the immediately preceding 20 years.
Prospective bidders should also have completed at least a similar single contract equivalent to at least 50 percent of the approved budget within the last 10 years from date of bid submission.
The LRT-2 runs from CM Recto Avenue to the depot in Santolan Street along Marcos Highway.
A Korean consortium of Foresight Development and Surveying Company, Soosung Engineering Co. Ltd., and Korea Rail Network Authority was earlier given approval by the Department of Transportation and Communications (DOTC) to proceed with the consulting and engineering services for the civil works of the P9.7-billion LRT-2 East extension project.
The group submitted a bid of P240.78 million, around P100 million lower than the approved budget for contract of P350 million.