By Vincent Mariel P. Galang
SEVERAL PROPERTY firms showed interest in the Insurance Commission’s (IC) share in a 5,000-square meter lot in Fort Bonifacio, Taguig City.
Representatives from Filinvest Land, Inc. (FLI), Robinsons Land Corp. (RLC), and MySpace Properties, Inc. attended the pre-bidding conference conducted by the Bases Conversion and Development Authority (BCDA) at its office on Jan. 4. Representatives from construction firms also attended.
During the pre-bid conference, the interested bidders expressed concern over how the lot will be divided since only the IC’s share is up for auction.
BCDA officials said the winning bidder will have to discuss such matters with the property’s co-owner Landbank Leasing Corp. (LLC).
“It’s a 5,000 square meter (sq.m.) property. We’re not bidding out a 2,500 sq.m. lot or property. What we are bidding out is the… ideal share,” said Joshua M. Bingcang, chairperson of the BCDA asset disposition program committee.
Last week, the BCDA issued a notice inviting interested parties to bid for the IC’s share, representing half of the 5,000-sq.m. lot along Lawton Avenue, Fort Bonifacio. The minimum acceptable bid is set at P596.520-million.
Under the terms of reference, the BCDA said the lot can be turned into a mixed-use development with commercial, retail and office components.
The lot is surrounded by Megaworld Corp.’s McKinley West on the north, RLC’s Cyber Sigma Center commercial office building on the east, and the National Mapping and Resource Information Authority (NAMRIA) office complex on the west.
An adjacent lot is currently being leased by RLC from the BCDA.
The terms of reference may be purchased at the BCDA Corporate Center for a non-refundable fee of P100,000 in Bonifacio Global City, Taguig City until Jan. 22.
The deadline of submission of eligibility documents and final proposals and preliminary examination of bids is on Jan. 22, while the results will be announced on Jan. 31.
The announcement of the winning bidder and issuance of notice of award is scheduled on Feb. 7, while signing of the contract will be done between Feb. 8 to March 7.

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