New supplier gives bid price nearly half of Manila consortium’s P24.90
By Oscar C. Pineda
Friday, December 9, 2011
THE Cebu Water Consortium yesterday offered a much lower bid price than that of proponent Manila Water Consortium Ayala to supply water to Metro Cebu.
The proponent has 30 days, or until Jan. 15, to match the water price per cubic meter of the challenger.
Cebu Water submitted a P13.95 per cubic meter bid price with 19.26 percent projected internal rate of return, or more commonly known as return of investment (ROI).
The challenger’s bid price is nearly half of Manila Water’s bid price of P24.90 per cubic meter with an ROI of 14.5 percent.
If the P13.95 per cubic meter bid price prevails and is implemented, Metro Cebu will have reduced water rates, said Provincial Board Member (PB) Jude Thaddeo Sybico, a member of Capitol’s joint investment selection and evaluation committee (Jisec).
One of the biggest
Cebu Gov. Gwen Garcia said the Cebu Bulk Water Supply System project is one of the biggest ventures of the Province in partnership with a private company.
The submission and opening of bids for the project went smoothly at the Capitol yesterday.
Based on documents submitted, the challenger, aside from having the lowest bid price, also offers the bigger ROI compared to the proponent and the other challenger, Metro Maynilad.
Metro Maynilad’s bid price is P18.71 per cubic meter, with 14.51 percent ROI.
“We have a low overhead while using a new design,” said Melanchthon Bernil, vice president of Cebu Water, in explaining how they came up with a low bid price.
Manila Water’s Business development manager Vilma Deray kept mum on the development, except to say their technical staff will check the challenger’s bid.
Provincial Planning and Development Office (PPDO) Chief Adolf Quiroga said that after submission and opening of bids yesterday, Capitol has until Dec. 16 to evaluate the proposals of the proponent and the two challengers.
Capitol will then give the proponent 30 days starting Dec. 16 to match the challenger’s low bid.
Contract
The agreement states that if the proponent matches the challenger’s bid price, the proponent gets the contract to supply 35,000 cubic meters of water to Metro Cebu daily.
If it cannot match the challenger’s bid price, then Capitol will have a new private firm partner for their Cebu Bulk Water Supply System project.
Quiroga said that if the project pushes through next year, Capitol and its private partner will get surface water from Luyang River in Carmen town and have a water distributor like the Metropolitan Cebu Water District distribute it in Cebu City, Mandaue City, Lapu-Lapu City and other areas within Metro Cebu.
Published in the Sun.Star Cebu newspaper on December 10, 2011.
http://www.sunstar.com.ph/cebu/local-news/2011/12/09/new-supplier-gives-bid-price-nearly-half-manila-consortium-s-p2490-195036
Best Restaurant in Clark Pampanga unveils regional dinner menu featuring the classic cuisine of Italy, all designed to pair nicely with fine vintage wines from Italy’s wine regions such as Tuscany, Piedmont, Veneto and Sicily, one more reasons for food and wine lovers to travel to Angeles City, Clark Philippines to satisfy their thirst for a wonderful meal at a fine dining restaurant, the best place to eat in Pampanga.
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(045) 599-5600
0922-870-5178
0917-520-4401
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How to get to this fine-dining restaurant in Clark Pampanga? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.
Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
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