STI to put up 8-story academic center

Information technology school STI is putting up an eight-storey modern Academic Center in the growing Bonifacio Global City in Taguig as part of its  P1.5 billion expansion program.

STI was awarded a lease contract by the Bases Conversion Development Authority over a 2,632 square meter lot in Bonifacio Global City after edging out the other bidder Britesparks International School.

The Academic Center will house a modern school offering technical/vocational baccalaureate and post-graduate programs, a research center and development center and state-of-the-art gymnasium.

STI president and chief executive officer Monico Jacob said the building is slated for completion next year.

“The completion of the STI Academic Center in Bonifacio Global City is the best way for the whole STI community to celebrate its silver anniversary in 2008. It marks another milestone for STI as it continues to be a leading institution in human resource development in the country,” Jacob said.

The Academic Center lot is located at the entrance of the University Park/Institutional Area along 32nd Avenue, one of the main thoroughfares in Global City, and directly across the retail hubs of Market!Market!, Serendra and Bonifacio High Street.

The bidding, however, is subject of a Congressional inquiry.

Britesparks was declared “non-compliant” for failure to comply with some provisions of the Terms of Reference (TOR) for the bidding, especially on the minimum upfront cash requirement. For one, Britesparks’ proposal showed an upfront cash of only P3 million, short of P553,200 to meet the minimum requirement of P3,553,200.

On the other hand, STI proposed an upfront cash of P6.04 million, the BCDA said.

STI recently put up the DLS-STI Megaclinic in Megamall, invested in Delos Santos-STI Medical center and acquired properties in various areas nationwide for future expansion.

Throughout its more than 20 years of experience in ICT-centered education, STI has developed a comprehensive portfolio of bachelor courses, diploma, and certificate programs in the field of Information and Communications Technology, Healthcare, Business, Education, and Engineering.

STI currently has over 100 campuses strategically located across the country, making its mark as the largest network of colleges in the country.