2015-10-13

NPM No. 101-2015

Requesting Entity: Bureau of Animal Industry (BAI)

Issues Concern: Submission of a Credit Line Commitment (CLC)

 

Details

Whether a Credit Line Commitment (CLC) may be accepted as an alternative to the prospective bidder's computation of its Net Financial Contracting Capacity (NFCC).


Section 23.1(a)(vi) was amended pursuant to GPPB Resolution No. 20-2013 which removed CLC as an alternative financial eligibility document. Hence, upon effectivity of GPPB Resolution No. 20-2013, the CLC is no longer acceptable for purposes of complying with the financial eligibility requirements and, thus, cannot be a substitute for the NFCC computation .