QS: Q2 - Finals

ABC

Approved Budget for the Contract.

ARCC

Allowable Range of Contract Cost.

BAC

Bids and Awards Committee.

BIR

Bureau of Internal Revenue.

BSP

Bangko Sentral ng Pilipinas.

CDA

Cooperative Development Authority.

CPI

Consumer Price Index.

DOLE

Department of Labor and Employment.

DTI

Department of Trade and Industry.

GFI

Government Financial Institution.

GOCC

Government-owned and/or –controlled corporation.

GOP

Government of the Philippines.

LGUs

Local Government Units.

NFCC

Net Financial Contracting Capacity.

NGA

National Government Agency.

PCAB

Philippine Contractors Accreditation Board.

PhilGEPS

Philippine Government Electronic Procurement System.

PSA

Philippine Statistics Authority.

SEC

Securities and Exchange Commission.

SLCC

Single Largest Completed Contract.

UN

United Nations.

Bid

A signed offer or proposal to undertake a contract submitted by a bidder in response to and in consonance with the requirements of the bidding documents. Also referred to as Proposal and Tender.

Bidder

Refers to a contractor, manufacturer, supplier, distributor and/or consultant who submits a bid in response to the requirements of the Bidding Documents.

Bidding Documents

The documents issued by the Procuring Entity as the bases for bids, furnishing all information necessary for a prospective bidder to prepare a bid for the Goods, Infrastructure Projects, and/or Consulting Services required by the Procuring Entity.

Consulting Services

Refer to services for Infrastructure Projects and other types of projects or activities of the GOP requiring adequate external technical and professional expertise that are beyond the capability and/or capacity of the GOP to undertake such as, but not limited to: (i) advisory and review services; (ii) pre-investment or feasibility studies; (iii) design; (iv) construction supervision; (v) management and related services; and (vi) other technical services or special studies.

Contract

Refers to the agreement entered into between the Procuring Entity and the Supplier or Manufacturer or Distributor or Service Provider for procurement of Goods and Services; Contractor for Procurement of Infrastructure Projects; or Consultant or Consulting Firm for Procurement of Consulting Services; as the case may be, as recorded in the Contract Form signed by the parties, including all attachments and appendices thereto and all documents incorporated by reference therein.

Contractor

is a natural or juridical entity whose proposal was accepted by the Procuring Entity and to whom the Contract to execute the Work was awarded. Contractor as used in these Bidding Documents may likewise refer to a supplier, distributor, manufacturer, or consultant.

Foreign-funded Procurement or Foreign-Assisted Project

Refers to procurement whose funding source is from a foreign government, foreign or international financing institution as specified in the Treaty or International or Executive Agreement.

Goods

Refers to procurement whose funding source is from a foreign Refer to all items, supplies, materials and general support services, except Consulting Services and Infrastructure Projects, which may be needed in the transaction of public businesses or in the pursuit of any government undertaking, project or activity, whether in the nature of equipment, furniture, stationery, materials for construction, or personal property government, foreign or international financing institution as specified in the Treaty or International or Executive Agreement.

Infrastructure Projects

Refers to procurement whose funding source is from a foreigReInclude the construction, improvement, rehabilitation, demolition, repair, restoration or maintenance of roads and bridges, railways, airports, seaports, communication facilities, civil works components of information technology projects, irrigation, flood control and drainage, water supply, sanitation, sewerage and solid waste management systems, shore protection, energy/power and electrification facilities, national buildings, school buildings, hospital buildings, and other related construction projects of the government. Also referred to as civil works or works.fer to all items, supplies, materials and general support services, except Consulting Services and Infrastructure Projects, which may be needed in the transaction of public businesses or in the pursuit of any government undertaking, project or activity, whether in the nature of equipment, furniture, stationery, materials for construction, or personal propertyn government, foreign or international financing institution as specified in the Treaty or International or Executive Agreement.

Procurement Project

refers to a specific or identified procurement covering goods, infrastructure project or consulting services. A Procurement Project shall be described, detailed, and scheduled in the Project Procurement Management Plan prepared by the agency which shall be consolidated in the procuring entity's Annual Procurement Plan.

Only bids of bidders found to be legally, technically, and financially capable will be

Evaluated

The bidder may subcontract portions of the project to the extent allowed by the procuring entity as stated herein, but in no case more than ____ % of the project.

50%

ITB

Instruction to Bidders

IB

Invitation to Bid

BDS

Bid Data Sheet

GCC

General Conditions of Contract