MANILA, Philippines - State-run Bases Conversion and Development Authority (BCDA) is seeking bidders for the lease and development of a vacant lot in Bonifacio Global City in Taguig.
“We are inviting interested bidders to submit bids for the lease and development of the Eastgate property and to play a key role in the development of the country’s premier and fastest growing Central Business District,†BCDA president and CEO Arnel Paciano D. Casanova said in a statement.
Casanova said the 3,099-square-meter Eastgate property is located at the institutional area of Bonifacio Global City.
The Eastgate property is zoned for institutional use and should incorporate in its development a public parking facility.
“Among possible facilities that the property can be developed into are: art gallery, clinic/polyclinic, concert hall, government office, library, place of recreation, sports or culture, school gymnasium and auditorium, just to name a few,†Casanova said.
BCDA’s Asset Disposition Program Committee chair Nena Radoc said the Eastgate property would be leased out for an initial period of 15 years, renewable for another 10 years upon mutual agreement.
“The minimum acceptable starting annual lease for the property shall be P10 million inclusive of 12 percent value-added tax, and subject to a five percent annual escalation,†she said.
The winning bidder would be required to pay in advance the annual lease for the first three years of the lease.
Interested bidders may purchase the Terms of Reference (TOR) for the subject bidding at the BCDA Corporate Center in Taguig City until March 4, for a non-refundable fee of P75,000.
The TOR may also be viewed at the BCDA website, www.bcda.gov.ph.
A pre-bid conference is scheduled on March 4 at the BCDA Corporate Center.