ANCHOR LAND Holdings, Inc.’s unsolicited proposal to build a satellite city hall with commercial establishments in Brgy. Tambo, Parañaque City may face counterproposals in a Swiss challenge.
In a notice of invitation published in a newspaper on Feb. 4, the City Government of Parañaque said its Public-Private Partnership Selection Committee (PPP-SC) has received and accepted the unsolicited proposal of the original proponent of the project, Anchor Land.
“After completing detailed negotiations, the City is now ready to accept comparative proposals. The project is being undertaken by the City under a joint venture arrangement,” the city government said.
Under a Swiss challenge, other parties are invited to match the bid of the original proponent. The original proponent will then have the advantage to outmatch the lowest proposal in order to secure the project.
The Parañaque government said interested parties should submit their notarized expression of interest (NEOI) until Feb. 26 and may acquire the terms of reference (TOR) for P25,000 at the Office of the City Administrator at City Hall in Brgy. San Antonio.
Interested bidders must be a Filipino citizen or a corporation that is registered in the Securities and Exchange Commission, with at least 60% owned by Filipinos, or part of an existing joint venture or a consortium with 60% owned by Filipinos.
The challengers must also have at least 10 years of experience in real estate, and with developments in Metro Manila. They must also be a major taxpayer and active real estate developer in Parañaque, having launched or started construction on projects in the city in the last five years.
Those with their own property management arm will be given priority.
Interested bidders must also be well-capitalized by at least P1 billion. Challengers must also be able to construct, manage, and operate the commercial establishment. They should also agree to not prevent the award of the project.
The Parañaque city government will conduct an eligibility check to shortlist qualified proponents from Feb. 27-28. Notice of eligibility will be sent on March 1.
A pre-selection conference will be held on March 11 at the Parañaque City Hall.
The deadline for comparative proposals is on March 26. The original proponent can execute its right to match the proposal within 15 days from receipt of notice from the PPP-SC.
If no bidder is seen fit to execute the development, it will then be awarded to Anchor Land.
The original proponent, Anchor Land, was incorporated in 2004, and has developed mostly high-end residential projects for the Filipino-Chinese community in Manila, Pasay, Parañaque, and San Juan. — Vincent Mariel P. Galang