Pamp T-56 WD 012023
Pamp T-56 WD 012023
Pamp T-56 WD 012023
INVITATION TO BID
January 20, 2023
The Pag-IBIG Fund Committee on Disposition of Acquired Assets hereby invites interested bidders who
would like to purchase Pag-IBIG Fund acquired assets through Sealed Public Auction:
NO. OF
PERIOD OF ACCEPTANCE OPENING OF BID
TRANCHE AREAS UNITS
OF BID OFFERS OFFERS
GENERAL GUIDELINES
1. Interested parties are required to secure copies of OFFER TO BID (HQP-AAF-103 if individual bidder or
HQP-AAF-238 if juridical entity) from the Acquired Asset frontline counter servicing, SUBURBIA
COMMERCIAL CENTER MAIMPIS CITY OF SAN FERNANDO PAMPANGA or may download the form at
https://www.pagibigfund.gov.ph/acquiredassets.html.
2. Properties shall be sold on an “AS IS, WHERE IS” basis which means that the bidder accepts whatever the
physical status of the property/ies (including whether it is occupied or not).
3. All interested bidders are encouraged to inspect the property/ies before tendering their offer/s. The list of the
properties for public auction may be viewed at https://www.pagibigfund.gov.ph/acquiredassets.html.
4. Discounts shall be given to winning bidders depending on their chosen mode of purchase, as follows:
5. Bidders are encouraged to visit our website, https://www.pagibigfund.gov.ph/acquiredassets.html five (5) days
prior the actual opening of bid offers, to check whether there is any erratum posted on the list of properties
posted under the sealed public auction.
6. Bidders shall be required to register at the Acquired Asset frontline counter servicing (SUBURBIA
COMMERCIAL CENTER MAIMPIS CITY OF SAN FERNANDO PAMPANGA) prior to dropping of sealed bid
offer/s. Only bid offers from registered bidders shall be accepted and a registration stub will be issued as
proof of registration.
7. Acceptance of sealed bid offer/s shall be from 8:00 AM to 5:00 PM starting February 6, 2023 until
February 10, 2022. Bidders are advised to submit their proposals together with a photocopy of their valid
Identification (ID) card and latest proof of income only on the scheduled date of batch. No proposals shall be
accepted earlier or later than the scheduled date.
8. Bidders may designate their Authorized Representatives, provided they shall issue the following documents:
a. Notarized Special Power of Attorney (SPA) for individual-bidder. The SPA for bidding may be downloaded
at www.pagibigfund.gov.ph (Other properties for sale-Disposition of Acquired Assets for Public Auction).
Also, if the bidder is based or is currently working abroad, SPA must be notarized at the Philippine
Consular Office.
b. Secretary’s Certificate for company-bidder .
NOTE: The suggested template of the said documents may be downloaded at www.pagibigfund.gov.ph.
9. The bidder shall state in words and in figures the amount of his/her bid offer and his/her chosen mode of
payment in the Offer to Bid form. The BID OFFER shall not be lower than the minimum bid set by the Fund.
10. In the absence of a chosen mode of payment, the default mode of payment shall be long-term installment.
Likewise, change on the winning bidder’s mode of payment shall not be allowed.
11. The determination of winning bidders shall be on the following dates and details:
Tranche Date of Opening of Bid Offer/s Location
SPB 56TH February 13, 2023 Suburbia Commercial Center,
Tranche Maimpis, City of San Fernando,
Pampanga
12. The determination of winning bidders shall be monitored by a representative from Commission on Audit
(COA). Attendance of the bidder/s in the venue is not required.
13. The bidder who offers the highest bid shall be declared as the winner.
14. In case there are identical offers constituting the highest bids, the tie shall be resolved by considering the
Mode of Payment. The priority in terms of mode of payment shall be as follows:
a. Cash;
b. Short-Term Installment;
c. Long-Term Installment.
15. If there is still a tie after considering the mode of payment, it shall be resolved through toss coin. However, in
case there are more than two (2) highest bidders, the tie shall be resolved through draw lots.
16. The result of the sealed public auction shall be released and posted in the Pag-IBIG Fund official website at
www.pagibigfund.gov.ph. Bidders are encourage to check the result on the said website.
17. Any notification sent by Pag-IBIG Fund through email or SMS shall be sufficient compliance to the notification
requirements and presumed to be deemed received by the buyer. In this regard, the Bidder shall ensure that
the contact number and email address indicated on the Offer to Bid are active. The bidder shall inform Pag-
IBIG Fund immediately on any changes on his/ her contact number.
18. The winning bidder shall be required to pay his/ her BID BOND equivalent to five percent (5%) of the BID
OFFER and shall be paid within 3 working days after the publication of the winning bidders. It shall be in
Philippine Currency and may be in the form of cash or manager’s check payable to Pag-IBIG Fund. It shall
likewise serve as the down payment of the winning bidder.
19. For bidders whose bid bond is in the form of a MANAGER’S CHECK, they are advised to adhere to the
current Bangko Sentral ng Pilipinas’ (BSP) memorandum relative to the proper handling of checks: Do not
staple, crumple, fold, bind or pin checks.
20. Payment of the remaining ninety five percent (95%) bid offer balance may either be thru any of the following
modes:
a. Cash Payment – the balance on the net selling price shall be paid not later than thirty (30) calendar days
from date of signing of Deed of Conditional Sale (DCS).
b. Short-Term Installment – the balance on the net selling price shall be paid in equal monthly installment
and provided the chosen payment term shall not exceed twelve (12) months subject to an interest based
on the Full Risk-Based Pricing Framework for three-year fixing period.
c. Long-Term Installment – payment shall be in the form of monthly amortization based on the approved
term, which may be up to a maximum of thirty (30) years with the following considerations:
c.1. Approval and term shall be subject to eligibility requirements stipulated under the Circular 428
Omnibus Guidelines on Sale of Pag-IBIG Fund Real and Other Properties Acquired;
c.2. The amount shall be the bidder’s bid offer, net of 5% downpayment;
c.3. The bidder shall be required to file his/her Long-Term Installment application and pay the processing
fee within thirty (30) calendar days upon receipt of Notice of Award:
- Incidental expenses and
- Equity, if applicable;
c.4. In case the Bid Offer, net of the five percent (5%) bid bond and additional discount, is still higher
than the approved amount for Long Term Installment, the amount in excess shall be treated as
equity. It shall be paid by the buyer within thirty (30) calendar days from receipt of Notice of
Conditional Approval of Sale (NCAS).
c.5. Original Borrowers who wish to participate on the Sealed Public Auction sale shall not be allowed to
avail long term installment as mode of payment. They may only submit offer thru cash or short-term
installment basis.
c.6. In case the application has been disapproved due to buyer’s fault, the 5% bidder’s bond shall be
forfeited in favor of the Fund.
21. If the winning bidder fails or refuses to push through with the purchase of the property, or fails to pay in full the
remaining balance within 30 calendar days from receipt of the Notice of Award (NOA), he shall lose his right
as winning bidder and the 5% bidder’s bond shall be forfeited in favor of the Fund.
22. The Fund shall declare the next highest bidder as the winning bidder in case the sale to the original winning
bidder is cancelled. He shall be required to pay a down payment of 5% of the offer price within 15 calendar
days from notification and the remaining ninety five percent (95%) of his/her bid offer within the approved
payment period. In the event there are two (2) or more complying bidders, the same rule on resolving ties
shall be applied.
23. Interested parties may visit the Acquired Assets Division and contact Ms. Maricel T. David, at cellphone
No. 0960-913-7926. You may also email your inquiries for further details at
snfernandolmrd.aad@pagibigfund.gov.ph.
PAG-IBIG FUND RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS, TO WAIVE ANY FORMALITY
THEREIN OR ACCEPT SUCH BIDS AS MAY BE CONSIDERED MOST ADVANTAGEOUS TO THE FUND.
THE DECISION OF THE FUND IS FINAL AND BINDING.
Rank
OFFER TO BID
__________________
Date
Relative to your “INVITATION TO BID” on sale of acquired properties published in the newspaper/Pag-IBIG Fund
website to be held on _____________ at _________________________________________________________,
I/We hereby submit my/our bid offer, subject to the terms and conditions stated in the Invitation to Bid and the
Guidelines Implementing the Sale of Pag-IBIG Fund Acquired Assets Program:
I/We certify that the information/statement indicated herein is to my/our knowledge, true, correct, complete and
updated and I/We investigate and inspect the said property/ies before tendering this offer to bid. The signature
appearing below is genuine. Further, I/We hereby agree of the following:
1) To purchase the property/ies on “As Is, Where Is” basis on which I/We accept the physical condition
of the property/ies including whether it is occupied or not. That whatever fees and dues pertaining to the
property/ies shall be for the account of the me/us;
2) To hold Pag-IBIG Fund free and harmless from liabilities of whatever kind and nature arising out of
any legal claims which may be filed by third persons involving the property/ies;
3) That I/We enclose my/our CASH payment/s or MANAGER’s CHECK payable to the Pag-IBIG FUND,
as bidder’s bond in the amount at least 5% of the bid offer. The said deposit shall be returned if my/our
proposal is deemed unsuccessful, or applied as part of the payment if my/our bid is declared as winning bid
by the Pag-IBIG FUND.
4) That Pag-IBIG Fund has no commitment and makes no guaranty to approve the offer, as it is
understood to be subject to final approval by Pag-IBIG Fund’s approving authorities.
5) That should my/our application be approved, notarial and all other fees pertaining to the purchase of
the property/ies shall be for my/our account.
6) That any notification posted on website and/or sent by Pag-IBIG Fund through email or SMS shall be
sufficient compliance to the notification requirement and presumed to be deemed and received.
Further, I/We hereby agree and consent to the collection, generation, use, processing, storage and retention of
my/our personal information for the purpose/s of acquiring a Pag-IBIG Fund acquired asset/s. I/We understand that
my/our personal information will be shared with other government agencies and to third parties as may be
necessary, for the use of which shall be governed by the Republic Act No. 10173 also known as the “Data Privacy
Act of 2012” and its implementing rules and regulations, I/We promise to notify Pag-IBIG Fund should there be any
amendment or changes in my/our personal information indicated herein.
m m d d y y y y
PRESENT OCCUPANT FORMER OWNER Pag-IBIG MEMBER WITH PREVIOUS / EXISTING Pag-IBIG HOUSING LOAN ACCOUNT
Yes Yes Yes Yes, Housing Account Number (HAN) : ________________________________________
No No No No
Pag-IBIG MID NUMBER/RTN SSS/GSIS ID NO. TAXPAYERS ID NO. (TIN) COMMON REFERENCE NO. (CRN)
m m d d y y y y
EMPLOYER/BUSINESS NAME
Personal Email Address
EMPLOYER/BUSINESS ADDRESS
Unit/Room No., Floor Building Name Lot No., Block No., Phase No. or House No. Street Name
PREFERRED MAILING ADDRESS
Present Home Address
Subdivision Barangay Municipality/City Province and State Country (if abroad) ZIP Code
Employer/Business Address
Permanent Home Address
Authorized Representative Information (if applicable) (Please write in BLOCK LETTERS):
(Note: Authorized Representatives must be armed with an SPA when transacting with Pag-IBIG Fund)
NAME OF AUTHORIZED REPRESENTATIVE DATE OF BIRTH
Last Name First Name Name Extension (e.g. Jr., III) Middle Name Maiden Name
m m d d y y y y
Pag-IBIG MID NUMBER/RTN SSS/GSIS ID NO. TAXPAYERS ID NO. (TIN) COMMON REFERENCE NO. (CRN)
Subdivision Barangay Municipality/City Province and State Country (if abroad) ZIP Code
Employer/Business Tel. No.
EMPLOYER/BUSINESS NAME
Personal Email Address
EMPLOYER/BUSINESS ADDRESS
Unit/Room No., Floor Building Name Lot No., Block No., Phase No. or House No. Street Name
PREFERRED MAILING ADDRESS
Present Home Address
Subdivision Barangay Municipality/City Province and State Country (if abroad) ZIP Code
Employer/Business Address
Permanent Home Address