Project Ref No.

FSRI-D01-024-001

Payless
Project Name
Glorietta

BID FORM
1. BID PRICE
The Total Contract Amount inclusive of VAT is:
Php
, , .
(Pls. place figures in appropriate boxes)
We certify that the amount above is exactly the same as that indicated in the Bill of Quotation (in the printout and in the Excel file
saved in the CD submitted as part of this bid package ). If found to be unequal, we understand that this is a ground for disqualification
of our bid.
2. DEMOLITION SCHEDULE
The target turnover date is on 31-Mar-24 , and we can start demolition on 1-Mar-24 , provided all permits
have been approved. Demolition period will be 30 calendar days.
3. PENALTY CLAUSE for DELAY / DAMAGES
3.1 Demolition Delay
We will pay 1/10 of 1% of the total contract amount per day of delay.*
*starting the day after turnover date
3.2 Rectification Delay
We will pay the amount of Php 5,000 for every day of delay* in the rectification of the punch list.
*starting 2 weeks after turnover date; non-completion of rectification within 30 days after turnover date will result to
forfeiture of the retention fee
3.3 Equivalent Sales and Rent
If our delay causes a postponement of the store opening date, we will pay for the lost sales based on
Merchandising’s monthly sales forecast/sqm. OR Php 15,000/sqm., whichever is higher. We will receive the
products / items equivalent to the sales charged to us. We will also pay for the Minimum Guaranteed Rent (MGR)
based on the average rental rate/sqm. per day of all the SSI brands leasing in the same mall/ location covering the
number of days delay in store opening.

3.4 Contractor's All-Risk Insurance (CARI)

We will pay the CARI for the coverage of the construction project as required by the mall. Premium for the CARI
shall be computed based on the total project amount. We will only secure the CARI from SSI's accredited
insurance broker (i.e., RIMCO), unless the local government requires a prescribed insurance broker.

3.5 Store Operations Expenses

We will pay expenses incurred by the store due to punch list overnight work. This includes but is not limited to the
following: mall permit, overtime pay of store personnel, meal allowance, electricity, water, security, etc.
3.6 Damages
We will be responsible for all damages to persons or property that occur due to our fault or negligence, and will
take proper safety and health precautions to protect the work, the workers and the general public, and all property.
We will repair or settle the damages promptly. Our failure or refusal to do so will authorize the company to charge
us all related costs / expenses.

3.7 Construction Bond

We will pay the Construction Bond to the mall where the project is to be undertaken. We can only withdraw the
Construction Bond once a Permanent Permit to Operate has been issued by the mall. The Permanent Permit to
Operate will only be issued by the mall provided that we rectified all punch lists or deficiencies and we have
submitted all government permits and construction certificates.

3.8 Retention Fee

We agree that SSI will forfeit our retention fee (1) if we do not comply and complete within 30 calendar days the
punch list works of the Design/Technical Consultant and SSI, (2) if we fail to submit the as-built plans and all
government documents, or if we fail to secure an approved Certificate of Completion from SSI and Mall within 60
days upon turnover.

4. DECLARATION
By submission of this bid or proposal, we certify that:
4.1 This bid or proposal has been independently arrived at without collusion with any other bidder or with any
competitor or potential competitor.
4.2 This bid or proposal has not been knowingly disclosed and will not be knowingly disclosed, prior to the opening of
bids or proposals for this project, to any other bidder, competitor, or potential competitor.
4.3 No attempt has been or will be made to (1) induce any other person, partnership, or corporation to submit or not to
submit a bid or proposal, or to (2) influence any employee of the client in whatever manner to secure any
advantage.
4.4 The person, signing this bid or proposal (1) has read, understands, and agrees to all the terms and conditions
stated in the Bid Form, Service Agreement, and Non-Disclosure Agreement, (2) certifies that he/she is duly
authorized to execute this Bid Form, and that (3) all information set forth in this Bid Form and all attachments to
this Bid Form are true, accurate, and complete.

Bidder’s Signature over printed name Name of Company Date Signed

For SSI Use only

Finance Representative Date/Time Internal Auditor Date/Time

Bid Form_ver030916