Republic of the Philippines

Public-Private Partnership Center

PPP for School Infrastructure Project Phase I (PSIP I) – Package A

Project Brief

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Implementing Agency

Department of Education (DepEd)

Project Description

The PSIP Phase I – Package A project involves the design, financing and construction of about 2,156 one-storey and two-storey classrooms, including furniture and fixtures, in various sites in Region I.

Project Cost

Php 3.4459 Billion

Procurement Mode

Solicited

PPP Structure

Build-Lease-and-Transfer (BLT)

Cooperation Period

10 Years (Year varies per sub-project)

Region

  • REGION I - ILOCOS

Sector

Education

Private Proponents

Bright Future Educational Facilities, Inc. (BF Corporation-Riverbanks Development Corporation)

Status

2,156 classrooms completed and delivered on December 4, 2015.
First periodic maintenance works completed.
Second periodic maintenance works: 0.55% (8/2,148* classrooms) complete as of August 31, 2022.

*revised classroom count after subtracting the 8 excluded classrooms

List of Bidders

Prospective Bidders

1. BF Corporation
2. Penta Capital Investment Corporation
3. D.M. Consunji, Inc.
4. Megawide Construction Corporation
5. Makati Development Corporation
6. D.M. Wenceslao & Associates, Inc,
7. Vicente T. Lao Construction
8. Tokwing Construction Corp.
9. First Balfour, Inc.
10. Goldenville Realty & Development Corp. JV with HG III Construction and Development Corporation
11. DATEM Inc.
12. DDT Konstract, Inc.
13. MTD Construction (Phils.), Inc.
14. TKG Logistics Ltd. UK & (QBC) Qatar Building Company
15. Junton & Williams
16. People’s Reform Initiative for Social Mobilization Foundation, Inc.
17. Aboitiz Equity Ventures, Inc.

Prequalified Bidders

1. Consortium of BF Corporation-Riverbanks Development Corporation
2. Citicore Holdings Investment, Inc.-Megawide Construction Corporation
3. D. M. Consunji, Inc.
4. Makati Development Corporation-First Balfour, Inc.
5. D. M. Wenceslao and Associates Inc.-DATEM, Inc.
6. Makati Development Corporation.

Bidder/s

1. Consortium of BF Corporation-Riverbanks Development Corporation
2. Citicore Holdings Investment, Inc.-Megawide Construction Corporation

Winning Bidder/s

Consortium of BF Corporation-Riverbanks Development Corporation

  • MR. ALAIN DEL B. PASCUA
    Undersecretary for Finance and Administration, DepEd
    (+632) 8637.6207
  • MS. KRISTINA ALODIA A. ARMENGOL
    Project Monitoring Officer, PPP Center
    (+632) 709.4146 local 5203