Land Bank Of The Philippines Tender

Description Scope Of Work I. Technical Specifications Parking Space For Ten (10) Units Repossessed Vehicles Under Ropa, With The Following Technical Specifications: A. Location And Site Condition 1. Number Of Parking Slot: 10 Slots Lease Portion Will Be On A “per Occupied Slot” Basis Only. The Number Of Slots Will Vary Based On The Actual Quantity Of Repossessed Vehicles Endorsed By Llfc To The Lessor Until Its Disposal. 2. Location And Accessibility: The Site Is Preferably Located Within 20-kilometer Radius From Llfc Office And Accessible Via National Roads And/or Expressways; 3. Topography And Drainage: The Property Shall Have An Adequate And Properly Installed Drainage System And Not Located In A Flood Prone Area; 4. Economic Potential: The Property Must Be Located In A Commercial Or Business District B. Neighborhood Data 1. Prevailing Rental Rate: Property’s Rental Rate Must Not Be More Than ₱ 3,500.00/unit Per Month (inclusive Of Vat); 2. Adverse Influence: The Property Must Be Free From Informal Settlers Nearby; 3. Property Utilization: The Property’s Highest And Best Use In For Parking Space For Vehicles. C. Parking Space 1. Functionality And Space Requirements: The Leasable Spaces Must Be Adequate For Llfc’s Area Requirement Of At Least 125.0 Square Meters (equivalent To 12.25 Square Meters/slot) Enough To Accommodate The Ten (10) Units Repossessed Vehicles Under Ropa. D. Other Requirements The Property Must Have/be: 1. Overall Façade Must Be Appropriate For Parking Space; 2. Properly Maintained; And 3. Fully Secured And Enclosed E. Free Services 1. Any Other Services That The Lessor May Offer. F. Qualification The Lessor Must Be A Reputable Owner Or Operator Of A Parking Space/car Trading Business And Have Been In The Business For At Least Five (5) Years. G. Duration Of The Contract The Lease Term Shall Be For A Period Of One (1) Year Commencing Upon Issuance And Receipt Of Notice To Proceed And May Be Automatically Renewed For Another One (1) Year Term, Subject To Existing Laws, Rules And Regulations. The Lease May Be Renewed For Another Term With The Same Terms And Conditions Of The Prevailing Lease, Which Shall Be Based On Fair Market Value At The Time Of The Negotiations. Fair Market Value Shall Be Defined As The Prevailing Rate For Rent And Escalation At The Comparable Spaces In The Area. In The Event Of Contract Termination, Llfc Must Be Given A Thirty (30) Calendar Days Grace Period To Identify Alternative Parking Areas. Ii. Specific Terms And Conditions A. Payment Terms A Monthly Payment Of Rent For The Parking Space Inclusive Of All Government Taxes, Other Fees And Charges Shall Be Made Within Fifteen (15) Calendar Days From Receipt Of The Billing Statement. B. Consignment Function The Lessor Shall Be Able To Act As “consignee” That Will Display, Advertise And Offer The Vehicles In Its Showroom Per Advise Of The “consignor”, Llfc. The Consignee Shall Offer The Vehicles At A Price Not Lower Than The Selling Price Determined By The Consignor. Other Terms And Conditions Such As Commission, Sale Documentation, Etc. Will Be Stated In The Consignment Contract.