2014-03-31

NPM 013-2014

Requesting Entity: Department of Public Works and Highways (DPWH)

Issues Concern: Cash Deposit Certificate

 

Details

Whether Cash Deposit Certificate (CDC) may be submitted as part of the financial eligibility documents of a prospective of a prospective bidder in lieu of Net Financial Contracting Capacity (NFCC) computation or a Credit Line Commitment (CLC).

Bidders for advertising space, the Invitation to Bid for which was published prior to the issuance of GPPB Resolution No. 20-2013, are required to submit a computation of its NFCC or CLC as part of its financial eligibility document. Prior to the issuance of GPPB Resolution No. 20-2013, the options available to bidders insofar as compliance with the financial eligibility requirement is concerned are NFCC computation and CLC.