Close  
PROPOSED PRICE: P0.6884/LITER

Gov’t reviews lone bid for fuel marking project

05:03 AM August 20, 2018

The lone bidder for the upcoming nationwide fuel marking system proposed a P0.06884 a liter, inclusive of value-added tax, charge for its services.

The proposal of the joint venture between Switzerland-based SICPA SA and SGS Philippines Inc. was below the price ceiling of P0.08 a liter over a five-year period earlier set under the terms of reference of the fuel marking program.

ADVERTISEMENT

During Friday’s opening of SICPA and SGS’s financial proposal, the Department of Budget and Management-Procurement Service’s (DBM-PS) bids and awards committee said that the proposed price would be subjected to post-evaluation and negotiation.

The SICPA-SGS partnership earlier met the minimum score of 70 points set under the technical evaluation criteria, making it possible for the DBM-PS committee to scrutinize the financial bid next.

FEATURED STORIES

The SICPA-SGS joint venture became the lone remaining bidder after Texas-based Authentix Inc. backed out and did not submit a bid. The bidding process was nonetheless continued as the implementing rules and regulations of RA 9184 (Government Procurement Reform Act) allows a single qualified proposal. —BEN O. DE VERA

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, fuel, tax
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.