Disposal for Condemned/Unserviceable Properties of UP Manila and PGH

CONDITIONS OF SALE

1. The unserviceable properties/waste materials described above will be sold “as is, where is”.

2. Participating bidders are presumed to have seen and inspected the above listed unserviceable properties and waste materials at the place where the same are located.

3. Cash bond should be presented during the bidding. The amount of cash bond is indicated in the bid documents to be secured by prospective bidders before the conduct of site inspection. The cash bond serves as guarantee that the winner will comply with the terms and conditions of the sale and can not be converted as down payment in case of award. The same shall be forfeited without further proceedings should the winner fail to proceed with the sale.

4. All items covered by this Invitation to Bid must be paid and picked up by the winning bidder within ten (10) days from the date of receipt of notice of award. Storage fee equivalent to 1% of the total winning bid price will be charged per day of delay and shall be deducted from the bond until the whole amount is exhausted, after which the University may resell the items.

5. The University of the Philippines Manila reserved the right to reject any or all bids, to waive any formality thereto, and to accept any or all offers that may be considered advantageous to UP Manila.