State-run Bases Conversion and Development Authority (BCDA) is seeking bidders for the lease and development of a vacant lot in Bonifacio Global City in Taguig. The 3,099 sqm Eastgate property is located at the institutional area of Bonifacio Global City. The Eastgate property is zoned for institutional use and sho
State-run Bases Conversion and Development Authority (BCDA) is seeking bidders for the lease and development of a vacant lot in Bonifacio Global City in Taguig.
The 3,099 sqm Eastgate property is located at the institutional area of Bonifacio Global City.
The Eastgate property is zoned for institutional use and should incorporate in its development a public parking facility.
Among possible facilities that the property can be developed into are: art gallery, clinic/polyclinic, concert hall, government office, library, place of recreation, sports or culture, school gymnasium and auditorium, just to name a few.
BCDA said the Eastgate property would be leased out for an initial period of 15 years, renewable for another 10 years upon mutual agreement.
The minimum acceptable starting annual lease for the property shall be $2.2 million inclusive of 12% value-added tax, and subject to a 5% annual escalation.
The winning bidder would be required to pay in advance the annual lease for the first 3 years of the lease.
Interested bidders may purchase the Terms of Reference (TOR) for the subject bidding at the BCDA Corporate Center in Taguig City until March 4.
A pre-bid conference is scheduled on March 4 at the BCDA Corporate Center.