Contract ID:

Contract Name: Proposed Three-Storey Residential Building

Location of Contract: Pablico Road 1, Barangay Tiniguiban, Puerto Princesa City, Palawan

FINANCIAL DOCUMENT FOR ELIGIBILITY CHECK

A. Summary of the Applicant Supplier’s/Distributer’s/Manufacturer’s assets and liabilities on the

basis of the attached income tax return and audited financial statement, stamped ‘RECEIVED” by
the Bureau of Internal Revenue or BIR authorized collecting agent, for the immediately preceding
year and a certified copy of Schedule of Fixed Assets particularly the list of construction
equipment.

YEAR 2019
Total Assets 124,606,487.60
1. Current Assets 40,719,922.60
2. Fixed Assets 83,886,565.00
Total Liabilities 22,189,145.3
3. Current Liabilities 3,599,277.85
4. Noncurrent Liabilities 18,589,867.45
Net Worth (1.3): 102,417,342.30
Net Working Capital (2-4): 37,120,644.75

B. The Net Financial Contracting Capacity (NFCC) based on the above data is computed as follows:
₱40,719,922.60-3,599,277.85= ₱37,120,644.75

C. K (Current assets minus current liabilities) minus the value of all outstanding works under
ongoing contracts, including awarded contracts yet to be started.

NFCC= PHP 102,417,342.30

K= 10 for a contract duration of one year or less, 15 for a contract duration of more than one year
up to two years.
or
Commitment from a licensed bank to external to credit line if awarded the contract or a cash
deposit certificate in the amount of at least 10% of the proposed project to bid.

Name of Bank: BDO UNIBANK Amount: PHP 7,500,000.00

Herewith attached are certified true copies of the income tax return and audited financial
statements: stamped “RECEIVED” by the BIR or BIR authorized collecting agent for the
immediately preceeding year and the cash deposits certificate of commitment from a licensed
bank to extend a credit line.

Submitted by:

MERC CONSTRUCTION COMPANY

Name of Supplier/Distributer/Manufacturer

APRIL JOY F. BANDALES

Signature of Authorized Representative

Date: