Capitol to seek loan extension for equipment

CEBU Province will renew its loan application with Land Bank of the Philippines, as officials hope to finish the rebidding of P252.68 million worth of heavy equipment this year.

Capitol’s bids and awards committee (BAC) needs to finish the process by December or they will seek another extension.

Tan-aw namo di gani moabot ang equipment by December, kay mag-prebidding moabot og two weeks. So January na gyud na or first quarter. So kinahanglan na pud i-extend (I doubt if the equipment will arrive by December, so we might need to extend),” Davide said.

Newly-appointed Land Bank of the Philippines executive vice president and head of lending department Vivian Cañonero paid a courtesy call on Davide last Monday.


Capitol’s loan application expired last July and was extended to December this year.

In their visit to Capitol, Cañonero asked Davide if by then the equipment will be delivered. Actual release of the loan depends on the delivery of heavy equipment.

If Capitol is not done yet with bidding processes and notice of award by December, Davide said they will again request for an extension until the first quarter of next year.


During the Provincial Board’s inaugural session last July 4, Davide announced that there will be another bidding for the purchase of Capitol’s heavy equipment.

In the last quarter of 2015, Capitol invited bidders for P252.68 million worth of of heavy equipment, which included boom trucks, a tractor, a hydraulic excavator, a payloader and a forklift for road construction.

The bidding process and its result gained negative comments from various sectors.

Winning bidder ConEquip submitted the highest bid prices of P250.6 million for 15 units; RDAK Transport Equipment submitted a bid of P235.05 million; while Civic Merchandising placed abid of P237.17 million.

Davide said this new bidding process is to dispel all doubts about the integrity of Capitol’s procurement process. He directed the bids and awards committee to call for new bids.
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