Invitation to Submit Lease Proposal

2024 SEC NOTICE INVITATION TO SUBMIT LEASE PROPOSAL The Securities and Exchange Commission (SEC) invites potential lessees to submit lease proposal for the South Side Wall of SEC Building for a period of three (3) years. cDHAES Description Estimated Area Minimum Monthly Lease Rate (P) Lease of South Side Wall of SEC Building 80 ft. x 96 ft. = 7,680 sq.ft. 971,000.00 inclusive of VAT Offer to lease documents/forms can be secured from the Management Services Department (MSD), 7th Floor, The SEC Headquarters, 7907 Makati Ave., Salcedo Village, Bel-Air, Makati City from 12-25 February 2024 during office hours, upon payment of a non-refundable fee of One Thousand Pesos (P1,000). A virtual clarification conference with prospective lessees will be held on 21 February 2024, 10:00 A.M. via ZOOM Meeting link: https://sec-gov-ph.zoom.us/j/93642816495?pwd=WUFZSTJWTVlWQzJjaDJhOFBFWmxJQT09 Deadline for the submission and opening of the sealed lease proposal shall be on 25 February 2024, 10:00 A.M. at the 7th Floor, Management Services Department, The SEC Headquarters, 790 Makati Ave., Salcedo Village, Bel-Air, Makati City. The award of Lease of the property shall be based on the offer determined to be most advantageous to the Government. For further details, you may contact the Ad Hoc Committee Secretariat at tel. no. 8818-5330. The SEC reserves the right to accept or reject any offer, to annul the process, and to reject all offers at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders. (SGD.) VHINCENT G. CAARES Ad Hoc Committee Chairman ATTACHMENTS Technical Specifications I. Project Title Lease of South Side Wall of SEC Building II. Terms Contract term is for three (3) years with option to extend on a month-on-month after the end of the original three-year term upon mutual agreement of the parties at the same terms and condition. TCAScE III. Minimum Rental Fee is P971,000.00/month inclusive of VAT subject to 10% annual escalation after the first year. IV. The dimension of the South Side Wall to be leased is 80ft by 96ft (7,680 sq. ft.) V. Conditions: 1. Leased Premises exclusively be used as a site for the display of advertising billboards and materials to be posted. 2. Rights under the lease contract or sub-lease are allowed subject to the prior approval of the Primary Lessor both with the proposed third-party advertising company and its ad materials. 3. Leased Premises shall not be used for any illegal, unlawful or immoral purpose. 4. Advertising materials to be posted at the billboard shall require prior approval from the Commission. 5. Lessee shall comply with all existing ordinances, rules and regulations, decrees, laws or any other legislation prescribed by the duly constituted local and national government regarding the use of the leased property as advertising billboard and shall shoulder the cost of its compliance thereafter including the required permits, licenses and taxes. 6. Lessee shall not hold the Lessor liable for any damages or claims arising from the discontinuation of the contract in the event of sale of the building to other entity or the demolition or destruction of the building due to fortuitous event or otherwise. 7. Lessee shall be responsible for and defray costs of installation of billboard structures, lighting and other paraphernalia including the cost of electricity, maintenance and other services as may be employed or consumed by the Lessee on the Leased Premises. The lessee shall observe safety and regulatory standards for utilities prescribed by other authorities. 8. The Leased Premises shall be properly maintained, and the lessee shall return and surrender the leased premises at the expiration of the term of the lease in a good condition as reasonable wear and tear will permit and without delay. 9. Lessee shall deal with air space issue, Thus, the SEC shall not be liable under the contract, in the event the adjacent lot owner will introduce any structure which may materially obstruct the view, diminish the value or render the billboard space unusable. 10. Lessee shall post security deposit and advance rental fee equivalent to one (1) month rental fee and three (3) months rental fee, respectively, at the time of contract signing. Subsequent monthly rental fee shall be paid not later than the 5th day of each month. ASEcHI 11. Pre-termination by either party shall be in writing with the advance notice of at least one (1) month in advance. 12. Lessee must have a paid-up capital of at least P10 Million. 13. The award of lease of the property shall be based on the offer determined to be most advantageous to the Government. 14. The SEC reserves the right to accept or reject any offer, to annul the process, and to reject all offers at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders. I hereby certify that we understand and comply with the foregoing Technical Specifications and other conditions. Company Name: _______________ Company Address: _______________ AUTHORIZED REPRESENTATIVE Signature: _______________ Printed Name: _______________ Date: _______________ Price Quotation Form Checklist of Requirements Lease of South Side Wall of SEC Building REQUIRED DOCUMENTS I. FIRST ENVELOPE 1. Secretary's Certificate (Authority of signatory, for corporation); 2. Business Registration: Corporation SEC Certificate of Registration with valid certificate of good standing from SEC-CRMD; 3. Valid and Current Mayor's Permit issued by the city or municipality where the principal place of business of the prospective lessee's is located; 4. Compliance to Technical Specifications; cTDaEH 5. Latest Audited Financial Statements, stamped "received" by SEC and/or BIR or its duly accredited and authorized institutions, for the preceding calendar year, which should not be earlier than two (2) years from offer; 6. Valid Tax Clearance per Executive Order No. 398; 7. Income Tax Return for 2022; 8. BIR Registration Certificate (Form 2303). II. SECOND ENVELOPE 1. Price Proposal