CHINA HARBOUR ENGINEERING COMPANY

Philippine Pasay Reclamation Development Project (Phase 1) Hydraulic Engineering

LCT Barge Rental Bid Evaluation Results Announcement

Our company, China Harbor Engineering Company, conducted a bidding process for the lease of LCT barges. The bidding process began on March 11, 2024, with the tender documents being issued. A total of three suppliers purchased the tender documents. The deadline for bid submission was March 21, 2024, and three suppliers participated in the bidding process. The public bid opening was conducted on March 21, 2024, using the Supply Chain Management System of CCCC (http://ec.****.cn).

According to the evaluation method and the determination of the winning candidates specified in the tender documents, the evaluation committee reviewed and recommended:

First Winning Candidate: FERRYBUS LOGISTICS AND SHIPPING CO.

Untaxed bid unit price: 4,500,000.00 pesos/month

Untaxed total bid amount: 135,000,000.00 pesos

Tax rate: 12%

Second Winning Candidate: PARAGON Phils. Construction Development Corporation

Untaxed bid unit price: 4,642,857.14 pesos/month (as per the bidding documents)

Untaxed total bid amount: 139,285,714.20 pesos

Tax rate: 12%

Third Winning Candidate: DRABB CONSTRUCTION AND DEVELOPMENT CORP

Untaxed bid unit price: 5,000,000.00 pesos/month

Untaxed total bid amount: 150,000,000.00 pesos

Tax rate: 12%

The deadline for public announcement is 11:00 AM on April 2, 2024. If there are any questions, please contact the tenderer before the deadline.

Contact Person:Yin

Phone number:092****5506

E-mail address: ****@mwc-dredging.com

CHINA HARBOUR ENGINEERING COMPANY

30 Mar,2024