The Philippine Deposit Insurance Corporation (PDIC) is set to sell via
public bidding on December 3, 2013 a total of 118 units of Automated Teller
Machines (ATMs) with an aggregate minimum disposal value of P20.9 million. The
public bidding will be held at the PDIC Training Room, 9th Floor,
SSS Building, Ayala Avenue corner V.A. Rufino St., Makati City. Opening of bids
will start at 2:00 p.m.
The ATM units are properties of closed banks and will be
sold on an “as is, where is” basis. Under the “as-is, where-is” basis bidding,
prospective buyers are enjoined to physically inspect the ATMs, and examine and
verify their condition, before submitting their bids.
The PDIC will receive sealed bids only from direct buyers
at the bidding venue on December 3, 2013 from 9:00 a.m. to 2:00 p.m. No
extension will be given for the submission of bids. Bidders are advised to come
at least one hour prior to the opening of bids to register and submit the
requirements.
All bids must be accompanied by a bond or deposit
equivalent to at least 10% of the submitted bid in the form of Cash or
Manager’s or Cashier’s Check issued by a universal or commercial bank. The
winning bidder is required to pay the balance of the bid price not later than
December 12, 2013.
Bid forms, copies of the Conditions of Bid and standard
formats of the Special Power of Attorney and Secretary’s Certificate may be
downloaded from the PDIC website, www.pdic.gov.ph.
For further information, interested bidders may contact Mr. Ferdinand M. Beluan
or Ms. Lolita M. Lim ((Asset Management and Disposal Department II) at
telephone numbers, (02) 841-4668, (02) 841-4770, (02) 841-4772 and (02)
841-4777.
The regular conduct of public biddings of closed banks’
assets is in line with the PDIC’s strategic direction of expeditious disposal
of non-financial assets as outlined in PDIC’s medium-term Roadmap to 2016. This
is also in support of PDIC’s mandate as Liquidator of closed banks. The PDIC
converts the closed banks’ assets into cash either through public biddings or
negotiated sale to maximize recovery and facilitate distribution of assets to
benefit the closed banks’ uninsured depositors and creditors.
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