MANILA, Philippines - The Philippine Deposit Insurance Corp. (PDIC) is selling 118 Automated Teller Machine (ATM) units next month.
In a statement, the PDIC said it is selling the ATM units, via public bidding, on December 3. The minimum disposal value of the ATMs is P20.9 million.
The public bidding will be held at the PDIC Training Room, 9 th Floor, SSS Building, Ayala Avenue corner V.A. Rufino St., Makati City. Opening of bids will start at 2:00 p.m.
The ATM units are properties of closed banks and will be sold on an "as is, where is" basis.
Under the "as-is, where-is" basis bidding, prospective buyers are enjoined to physically inspect the ATMs, and examine and verify their condition, before submitting their bids.
The PDIC will receive sealed bids only from direct buyers at the bidding venue on December 3, 2013 from 9:00 a.m. to 2:00 p.m. No extension will be given for the submission of bids. Bidders are advised to come at least one hour prior to the opening of bids to register and submit the requirements.
All bids must be accompanied by a bond or deposit equivalent to at least 10% of the submitted bid in the form of Cash or Manager's or Cashier's Check issued by a universal or commercial bank. The winning bidder is required to pay the balance of the bid price not later than December 12, 2013.
Bid forms, copies of the Conditions of Bid and standard formats of the Special Power of Attorney and Secretary's Certificate may be downloaded from the PDIC website, www.pdic.gov.ph http://www.pdic.gov.ph/.