The Privatization and Management Office (PMO) will hold the August 14, 2012 public bidding for the Food Terminal, Inc. (FTI) 74-Ha Property Privatization at Rooms 2-5, 4th Floor, J.V. Del Rosario Bdlg., AIM Conference Center Manila, Benavidez corner Trassiera Streets, Legaspi Village, Makati City.

Pursuant to the Bidding Rules, the PMO Bids and Awards Committee will start at 9:00 a.m. with a brief review of the bidding procedure that will benefit the media, public sector observers, and bidders who chose not to attend the Pre-bid Conference. However, bidders are aware that all clarifications should already have been submitted to the PMO BAC five (5) calendar days before the August 14, 2012 bid submission deadline.

Also per Bidding Rules, the Bid Boxes shall open for the submission of bids at 10:00 a.m, and close at exactly 11:30 a.m. PMO BAC will immediately start opening bids immediately after the Bid Boxes close. Meanwhile, any bidder who submits their bids after 11:30 a.m. on August 14, 2012 should expect its unopened bid to be returned.

Bidders are advised to synchronize their watches with the PMO clock, and to send their duly authorized representatives to attend and witness the bid proceedings. Per Bidding Rules, the absence of a bidder or its authorized representative shall be considered a waiver of the bidder’s right to witness the public bidding.