Army to spend P4.9-M for tank spare parts

MANILA, Philippines - The Army will spend P4.9-million to buy 10 brand new transmission assemblies for its armored personnel carriers (APC).

A transmission assembly provides mobility to the APC, which is used to transport troops and provide close fire support during security operations.

The procurement will be done through the Philippine International Trading Corp. (PITC), a state-run firm formed to secure cost-effective procurement deals.

The bidding for the project would be held next month, a notice published Thursday in The STAR showed. The notice served as a formal invitation to prospective suppliers.

The bidding is open to local and foreign suppliers, distributors, dealers or resellers of transmission assemblies. Foreign firms, however, must be represented by a Philippine-based company to be qualified.

The acquisition will be done through open competitive bidding.

Potential suppliers should have completed within the last five years from the date of submission and receipt of bids at least one similar contract worth at least 50 percent of the approved budget of the project.

The term “similar contract” is defined as a deal involving the purchase of APC spare parts.