Philippine Deposit Insurance Corporation Official Website

Outsourcing of the Audit of Insured Deposit Payments Made in Legacy Banks

INVITATION TO BID

PDIC thru its BAC invites interested bidders to bid for the project below:

Project	Outsourcing of the Audit of Insured Deposit Payments Made in Legacy Banks (Re-bidding)
Approved Budget for the Contract	P 3,349,850.00
Source of Funding	2010 Corporate Budget
Contract Duration	Sixty (60) Calendar Days
Minimum Qualifications of the Bidder	Bidder must: be accredited by the Bangko Sentral ng Pilipinas (BSP) or those recognized under the Memorandum of Agreement binding the BSP, Securities and Exchange Commission (SEC), Professional Regulation Commission – Board of Accountancy (BoA) and Insurance Commission for a simplified and synchronized accreditation requirements. have previous experience in external and/or internal audit of banks for the past three (3) years (2008-2010), with at least one bank audited each year. have at least 17 qualified professional staff to undertake the project/outsourced activity.
Availability of the Instructions to Bidders and the Terms of Reference	January 03, 2011 – January 23, 2011 BAC Secretariat Philippine Deposit Insurance Corporation 6^th Floor, SSS Building Ayala Ave. cor. V. A. Rufino Street, Makati City
Pre-bid Conference	January 11, 2011, 9:00 A.M. (Tuesday) RC Conference Room, 6^th Floor, SSS Building Ayala Ave. cor. V. A. Rufino Street, Makati City
Deadline for the Submission of Technical and Financial Proposals; Opening of said documents/proposals shall follow immediately	Until 9:00 A.M., January 24, 2011 (Monday) Ground Floor, SSS Building Ayala Ave. cor. V. A. Rufino Street, Makati City
Cost of Bidding Documents	P3,300.00

The eligibility screening of bidders, evaluation of bids and awarding of contract shall be governed by Republic Act No. 9184 (RA 9184) and its Implementing Rules and Regulations (IRR).

Criteria for eligibility check, examination and evaluation of bids and post-qualification shall be on a non-discretionary pass/fail basis.

Only bidding documents actually issued and purchased from PDIC shall be the bases for acceptance of bids (RA No. 9184 - IRR Sec. 17.4). Only those who have purchased the bidding documents shall be allowed to participate in the pre-bid conference and raise or submit written queries or clarifications.

PDIC reserves the right to accept or reject any or all bid proposals, or declare the bidding a failure, or not award the contract, or suspend or cancel this procurement project at any time. PDIC makes no assurance that a contract shall be entered into as a result of this invitation. Furthermore, PDIC assumes no responsibility whatsoever to compensate or indemnify bidders for any expenses incurred in the preparation of bids.

PDIC shall in no case be held responsible or liable for any and all costs associated with the bidders’ participation in the bidding process regardless of its results.

BIDS AND AWARDS COMMITTEE

January 03, 2011

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