Bidding for FTI complex rescheduled


Posted at Aug 02 2012 03:27 PM | Updated as of Aug 02 2012 11:27 PM

MANILA, Philippines - The government rescheduled the public bidding of the Food Terminal Inc. (FTI) complex in Taguig City to August 14, the Privatization and Management Office (PMO) said.

In a statement, PMO said the bidding was rescheduled from August 8 to August 14 to accommodate some investors' requests to extend the due diligence period.

"Supplementary documentation were made available to bidders in response to queries raised during the July 20, 2012 Pre-Bid Conference for the property," it said.

Bidders have until 11:30 a.m. of August 14 to submit their bid proposals to the PMO Bids and Awards Committee at the PMO 6th Floor Conference Room, Privatization and Management Office, 104 Gamboa St., Legaspi Village, Makati City.

Some of the biggest property developers in the country are said to be interested in bidding for the FTI complex. These include Robinsons Land Corporation, Empire East Land, Ayala Land Incorporated, Rockwell Land Corporation, Century Properties Group Incorporated, SM Land Incorporated and Filinvest Land Incorporated.

The last bidding of the FTI complex failed in October 2009.