BCDA bids out 2 projects in Taguig

Manila, Philippines -  Five firms have submitted bids to develop the Sampaguita property, while three others gave proposals for the Eastgate parking facility both in Taguig City, the Bases Conversion Development Authority (BCDA) said.

Nena Radoc, BCDA vice president and chief finance officer, said in a telephone interview that five of the 10 firms that bought bid documents for the Sampaguita property submitted proposals to develop the lot.

The auction for the 1,224 square meter (sqm) Sampaguita East Ramp lot which can be developed as a residential, commercial and institutional area was held on Friday.

“All five bids are higher than the floor price of P28 million,” Radoc said.

The highest bid received for the property is P47.55 million.

Radoc declined to name the firms which submitted bids for the property citing that all proposals still have to go through post-qualification and verification.

For the 3,099-sqm Eastgate parking facility which has been designated for institutional use, she said three of the five firms that purchased bid documents submitted proposals for the property.

She noted that all three firms submitted bids above the P122 million floor price.

“The highest bid is P190 million,” she said.

She also refused to identify the bidders for the Eastgate parking facility noting that the proposals will still be evaluated.

“Hopefully, we will make announcement of the winners by next month,” she said.

On Wednesday, the BCDA declared a failure of bidding for the 5,005-sqm driving range lot as well as the 5,389-sqm Nichols Loop with a combined value of P89.59 million as only one firm submitted a proposal.

“The plan is to re-bid the property. We will make the announcement within the next two weeks,” Radoc said.

Apart from the three properties, the BCDA is also looking to hold the auction for the 1,000-sqm property beside Everest Academy in Bonifacio Global City (BGC) this year but no date has been set so far.

It also plans to bid out bigger properties in BGC this year after securing the approval of the Office of the President.