1. The Securities and Exchange Commission (SEC), through the authorized appropriations under the FY 2022 Budget of SEC, intends to apply the sum of Twenty-One Million One Hundred Fifty Thousand Pesos (Php 21,150,000.00) being the Approved Budget for the Contract (ABC) to payments under the contract for the Project, Service Contract Agreement for the Security Services for Head Office and Extension Offices, (Project ID: SEC PB No. 2022-02). Bids received in excess of the ABC shall be automatically rejected at bid opening.

2. SEC now invites bids for the above procurement project. Delivery of the Goods is required in FY-2022 as specified is Section VI (Schedule of Requirement) of the Bidding Document. Bidders should have completed, within five (5) years from the date of submission and receipt of bids, a contract similar to the Project. The deion of an eligible bidder is contained in the Bidding Documents, particularly, in Section II, Instructions to Bidders.

3. Bidding will be conducted through open competitive bidding procedures using a non-discretionary “pass/fail” criterion as specified in the 2016 Revised Implementing Rules and Regulations (IRR) of Republic Act (RA 9184).

Bidding is restricted to Filipino citizens/sole proprietorships, partnerships, or corporations with at least sixty percent (60%) interest or outstanding capital stock belonging to citizens of the Philippines, and to citizens or organizations of a country the laws or regulations of which grant similar rights or privileges to Filipino citizens, pursuant to RA 5183.

4. Prospective bidders may obtain further information from the SEC-BAC Secretariat and inspect the Bidding Documents at the address given below during office hours from 9:00 a.m. to 4:00 p.m.

5. A complete set of Bidding Document may be acquired by Interested Bidders starting on December 10, 2021 from the given address and websites below and upon payment of applicable fee for the Bidding Documents, pursuant to the latest Guidelines issued by the GPPB, in the amount of Twenty Thousand Pesos (Php 20,000.00). The Procuring Entity shall allow the bidder to present its proof of payment for the fees which will be presented in person, by facsimile, or through electronic means.

6. The SEC will hold a Pre-Bid Conference on December 17, 2021, 10:00 am at the Executive Lounge, 3rd Floor, Secretariat Building, PICC Complex, Pasay City and/or through video conferencing or webcasting via zoom, which shall be open to prospective bidders

The prospective bidder is advised to send email at bacsecretariat@sec.gov.ph. for the to join the meeting which will be provided before the scheduled Pre-Bid Conference.

7. Bids must be duly received by the BAC Secretariat through manual submission at the Procurement Division, 3rd Floor, Secretariat Building, PICC Complex, Pasay City, on or before, January 7, 2022, 10:00 am. Late bids shall not be accepted.

8. All Bids must be accompanied by a Bid Security in any acceptable forms and in the amount stated in ITB Clause 14.

9. Bid Opening shall be on January 7, 2022, 10:00 am at the Executive Lounge, 3rd Floor, Secretariat Building, PICC Complex, Pasay City and/or via zoom. Bids will be opened in the presence of the bidder’s representative who choose to attend the activity (To minimize face to face transaction with the public only one (1) representative for each bidder will be allowed during the opening of bids).

10. The SEC reserves the right to reject any and all bids, declare a failure of bidding, or not award the contract at any time prior to contract award in accordance with Section 35.6 and 41 of the 2016 revised IRR of RA No. 9184, without thereby incurring any liability to the affected bidder or bidders.