Bidding Process Claim Types

All bids are on an “As is where is” basis.   Management reserves the right to reject any or all bids, to waive technicalities or to accept any bid which, in its judgment, will be in the best interest of […]

As soon as a winner has been determined, FGen shall inform the winning bidder who MUST pay the full bid amount within two (2) days from the date of the award. Payment should be in the form of Manager’s check […]

Bid Offers through emails should include a copy of the Cash Bond Receipt and shall be sent directly to the AVP- Claims and Recovery (lgfajardo@fgic.com.ph) not later than the deadline indicated in the bid announcement.   No bid offers may […]

Every participating bidder shall be required to pay a cash bond equivalent to 10% of the minimum bid price or Php10,000.00, whichever is higher.   All bid offers shall be sealed and should include a copy of the Cash Bond […]