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15) Documents/materials to comply with other non-discretionary criteria and requirements as
stated in the Instruction to Bidders.

The second envelope (Financial Proposal) shall contain the following financial
information/documents, at the least;
1) Bid process in Bill of Quantities in the prescribed Bid form;
2) Detailed estimates including a summary sheet indicating the unit of construction materials,
labor rates and equipment rentals used in coming ip with the bid; and
3) Cash flow by the quarter and payments schedule.

Modification and Withdrawal of Bids

A bidder may modify its bid, provided that this is done before the deadline for the submission and
receipt of bids. Where a bidder modify its bid, it shall not be allowed to retrieve its original bid, but
shall only be allowed to send another bid equally sealed, properly identified, marked as a
“modification”. Bid modifications received after deadline shall not be considered and shall be
returned to the bidder unopened.

A bidder may, through a letter, withdraw its bid before the deadline for the receipt of bids.
Withdrawal of bids after the applicable deadline shall be subject to appropriate sanctions. A bidder
may also express its intention not to participate in the bidding through a letter which should reach
and be stamped received by the BAC before the deadline for the receipt of bids. A bidder that
withdraws its bids shall not be permitted to submit another bid, directly or indirectly, for the same
contract.

Bid Security

The Bid security shall be in an amount at least equal to, and not lower than, a percentage of the
approved budget for the contract to be bid, as advertised by the concerned procuring entity, in a
form of:

Minimum Amount in % of Approved Budget
Form of Security for the Contract to be Bid
Cash, certified check cashier’s check, One percent
manager’s check, back draft or irrevocable (1%)
letter of credit.
Bank guarantee One and a half percent
(1 ½ %)
Surely bond Two and a half percent
(2 ½ %)
Foreign government guarantee One hundred percent
(100%)