The Privatization and Management Office (“PMO”) is Offering for Sale on a “per lot” and on an “as-is, where-is” basis, the properties described hereunder:

The properties are being offered at a Base Price as set forth above.  The Bids are payable in Cash, Bank Manager’s Check issued by a Universal or Commercial Bank, Direct Bank Deposit, or Electronic Fund Transfer and is exclusive of any and all taxes. All taxes, fees, and expenses pursuant to or in relation to the sale of the properties shall be borne by the Buyer. Bid/s must not be lower than the Base Price.The properties are being offered at a Base Price as set forth above.  The Bids are payable in Cash, Bank Manager’s Check issued by a Universal or Commercial Bank, Direct Bank Deposit, or Electronic Fund Transfer and is exclusive of any and all taxes. All taxes, fees, and expenses pursuant to or in relation to the sale of the properties shall be borne by the Buyer. Bid/s must not be lower than the Base Price.

The Bidding Documents, which include the authenticated Asset Specific Bidding Rules (“ASBR”) and the Asset Specific Catalogue (“ASC”), shall be issued starting on 11 August 2025 until the day immediately preceding the Bid Submission Deadline as indicated above during office hours (8:00 a.m. to 5:00 p.m.) at the 5^th Floor, Privatization and Management Office (PMO), 104 Gamboa St., Legaspi Village, Makati City.

As a prerequisite to the issuance of the Bidding Documents, interested parties shall pay the non-refundable Participation Fee set forth above. Parties who have been issued Bidding Documents may conduct due diligence on the relevant lot starting 11 August 2025 until the day immediately preceding the Bid Submission Deadline for each property.

A Pre-Bid Conference will be held on the dates set forth above. 

The Bidding Documents and Bid Security shall be submitted on the dates set forth above through:

Bids shall be submitted at the 4^th Floor, Privatization and Management Office (PMO), 104 Gamboa St., Legaspi Village, Makati City. The opening and tabulation of bids shall be done immediately after the Bid Submission Deadline.

Bidders must comply with the requirements provided in the ASBR and shall submit a Bid Security equivalent to ten percent (10%) of the bid/offered price indicated therein. The Bid Security may be in the form of Cash, Bank Manager’s Check issued by a Universal or Commercial Bank, Direct Bank Deposit, or Electronic Fund Transfer, payable to:

The opening and evaluation of bids shall be conducted solely to determine the highest qualified financial bid, which shall be subject to the approval of the Privatization Council prior to any award. Full payment of the Purchase Price for the relevant lot shall be made within the specific period from receipt of the Notice of Award.

Interested parties may contact:

               Marketing Division

               PRIVATIZATION AND MANAGEMENT OFFICE

               104 Gamboa Street, Legaspi Village, Makati City

               Telephone Nos. :  (02) 8818-8305 or (02) 8817-6331                                      

The PMO reserves the right to reject any or all bids, or waive any defect or required formality therein, and to accept the bids considered most advantageous to the National Government. In the event of failure of public bidding, the PMO may resort to other modes of disposition provided under existing laws, rules and regulations.

The PMO does not assume any obligation to compensate or indemnify parties for any expense or loss that may be incurred as a result of their participation in the bidding process for any of the lots, nor does it guarantee that an award will be made. The PMO reserves the right to modify, supplement, or amend the ASBR, any document included in the Bidding Documents, or any other aspect of the bidding process at any time, including the schedule and venue , for any reason and without prior notice. Bidders shall be notified of such modifications, supplements, or changes accordingly.                                                                                                                        

                                                                                                           (SGD) ATTY. MAAN VANESSA L. DOCTOR

                                                                                                                          Chief Privatization Officer