NOTICE OF PUBLIC AUCTION OF UNSERVICEABLE PROPERTIES February 21, 2011 The SUGAR REGULATORY ADMINISTRATION (SRA) will dispose

all unserviceable properties listed below through public auction on an as is, where is basis on February 28, 2012, 9:00 a.m. at the SRA Training Center, Bacolod City. Interested parties are invited to inspect these properties at the SRA-Bacolod City Compound.
ITEMS 1 2 3 4 Suzuki Vitara (SED 642) Honda Civic (SFW 443) Toyota Tamaraw (UJF 871) Suzuki Van (GLN 727) MINIMUM BID PRICE (Php) 84,375.00 74,359.00 86,000.00 57,500.00

(signed) DOMINADOR T. VILLANUEVA, JR. Assistant Administrator - Visayas GENERAL GUIDELINES IN THE CONDUCT OF PUBLIC AUCTION 1. Interested parties are requested to secure copies of Bid Forms from the Property and Procurement Section of SRABacolod. 2. Bids will be received and opened in the presence of the attending bidders or their authorized representatives at the SRA-Bacolod Training Center on February 28, 2012. Registration will start at 8:30 a.m. 3. Each bid will be accompanied by a proposal DEPOSIT IN CASH or CERTIFIED CASHIERS/MANAGERS CHECK issued in Bacolod City, payable to SRA-Bacolod Office, in an amount equivalent to at least ten (10%) percent of the total bid price. Failure to enclose/submit the required proposal deposit in the form and amount prescribed herein shall automatically disqualify the bid concerned. 4. The SRA shall conduct first, second and third round auction type of bidding to secure maximum bids in favor of the government. 5. Public auction will be declared a failure if there is only one offeror and if all the offers/tenders are non-complying or unacceptable. 6. After receipt of the Notice of Award, the winning bidder may claim and withdraw the property after the bid price is fully paid as evidenced by an official receipt and the necessary Gate Pass has been duly approved. 7. Claims shall be made only during official government working hours. 8. Claims shall be made within the period stated in the Notice of Award. Failure on the part of the awardee to claim the property within the stipulated period shall have the effect of cancellation of the award/contract. The awardee shall then be charged storage fees and other incidental fees/costs or damages. If the property remains unclaimed over a prolonged period of time, ownership of the contracted/awarded property shall automatically revert to the government. 9. Properties will be sold on an AS IS WHERE IS basis. 10. SRA reserves the right to reject any or all of the tenders. Reference: COA Circular No. 89-296 Training Handbook on Property & Supply Management System