Can a Certificate of Bank Deposit be used in lieu of CLC?

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Can a Certificate of Bank Deposit be used in lieu of CLC?

Post by the-seeker on Thu Mar 15, 2012 10:29 am

Sirs/Madams:

Good day!

I would like to ask if a Certificate of Bank Deposit with an amount exclusively dedicated
for its participation in a particular public bidding be used in lieu of a CLC required in RA 9184?

Thanks!

the-seeker


Last edited by the-seeker on Thu Mar 15, 2012 10:31 am; edited 1 time in total (Reason for editing : conformed with user name)
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Re: Can a Certificate of Bank Deposit be used in lieu of CLC?

Post by RDV @ GP3i on Fri Mar 16, 2012 6:14 am

the-seeker wrote:Sirs/Madams:

Good day!

I would like to ask if a Certificate of Bank Deposit with an amount exclusively dedicated
for its participation in a particular public bidding be used in lieu of a CLC required in RA 9184?

Thanks!

the-seeker

Cash Deposit Certificate (CDC), or what you refer as Certificate of Bank Deposit, is no longer acceptable as one of financial documents required to be submitted for purposes of eligibility requirements. Under the revised IRR, the bidder can only choose between the submission of an NFCC computation or a commitment from a Universal Bank or Commercial Bank to extend a credit line in favor of the bidder.
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Use of Bid docs sales for other bidding/procurement expenses other than honoraria

Post by the-seeker on Thu May 31, 2012 9:55 am

31 May 2012

Good day Sir RDV!

Thank you for that one as it cleared up the issue for us.

By the way, we have been told that it is allowable for a Procuring Entity to use 2% of its Bid Docs sales to allot for food expenses during bidding; since they have observed that we don't have a budget even for coffee for observers during bid openings.

If it is allowed, could we know any resolution or provision in RA 9184 or DBM Circular where it is stated to serve as justification?

Thank you!

Noel





Last edited by the-seeker on Thu May 31, 2012 10:47 am; edited 1 time in total (Reason for editing : no topic title)
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Re: Can a Certificate of Bank Deposit be used in lieu of CLC?

Post by regina avelino on Fri Jun 01, 2012 10:23 am

My answer po sir is NO. Pursuant to the DOF-DBM-COA Permanent Committee Resolution No. 2005-2 datedJune 2005, all agencies are authorized to treat the collections from the sources identified in item 6.1 hereof as trust receipts to be used as exclusively for the payment of honoraria and overtime pay herein authorized. Agencies may utilize up to one hundred percent (100%) of the said collections for the payment of honoraria and overtime pay subject to the guidelines in item 5.0 of this Circular. Any excess in the amount collected shall be remitted by NGAs to the Bureau of the Treasury. In the case of GOCCs and LGUs, the same shall form part of their corporate or local government funds, respectively.

You can get from your agency's general funds for your food expenses.

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