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6 NFCC2

1. The document is a financial assessment from City Home Basic Construction Supply for a project to repair the principal's office at MEMCES in Brgy. Taft, Surigao City. 2. It includes City Home's assets, liabilities, and net worth for 2016, and calculates their Net Financial Contracting Capacity as over 25 million pesos based on a 10% factor for contracts under 1 year. 3. Attached are certified copies of City Home's income tax return, audited financial statement, and a cash deposit certificate or bank commitment for credit in the amount of 10% of the proposed project cost.

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Albert Jay Oring Tuico
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935 views1 page

6 NFCC2

1. The document is a financial assessment from City Home Basic Construction Supply for a project to repair the principal's office at MEMCES in Brgy. Taft, Surigao City. 2. It includes City Home's assets, liabilities, and net worth for 2016, and calculates their Net Financial Contracting Capacity as over 25 million pesos based on a 10% factor for contracts under 1 year. 3. Attached are certified copies of City Home's income tax return, audited financial statement, and a cash deposit certificate or bank commitment for credit in the amount of 10% of the proposed project cost.

Uploaded by

Albert Jay Oring Tuico
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
  • Financial Documents for Eligibility Check: Describes the financial criteria and necessary documentation for project eligibility checking, providing a clear overview of assets and liabilities.

Emilio Yuipco St.

, Kaskag Village
Surigao City
Tel. No. 086-2531

Contract Name : Purchase & Delivery of Const. Materials & Supplies for the project,
Repair of MEMCES (Principal's Office), Brgy. Taft, Surigao City
Location : Surigao City

FINANCIAL DOCUMENTS FOR ELIGIBILITY CHECK

A. Summary of the Applicant Firms/Contractors assets and liabilities on the basis of the
attached income tax return and audited financial statement, stamped RECEIVED by
the Bureau of Internal Revenue or BIR authorized collecting agent, for the immediately
preceding year and a certified copy of Schedule of Fixed Assets particularly the list of
construction equipment.
B.

Year 2016
1. Total Assets P 6,195,567.00
2. Current Assets P 3,379,167.00
3. Total Liabilities P 594,930.00
4. Current Liabilities P 594,930.00
5. Total Net Worth (1-3) P 5,600,637.00
6. Current Net Worth or Net Working
P 2,784,237.00
Capital (2-4)

C. The Net Financial Contracting Capacity (NFCC) based on the above data is computed
as follows:

NFCC = K (current asset current liabilities) minus value of all outstanding works under
ongoing contracts including awarded contracts yet to be started
K = 10 for a contract duration of one year or less, 15 for more than one year up to
two years and 20 for more than two years

NFCC = 10 [(3,379,167.00 594,930.00)] (1,999,810.02)


= 10 [(2,784,237.00)] (1,999,810.02)
= [27,842,370.00] 1,999,810.02
= Php25,842,559.98
Or

Commitment from a licensed bank to extend to it a credit line if awarded the contract
or a cash deposit certificate in the amount of at least 10% of the proposed project to
bid.

Name of Bank: ________________________________ Amount: ___________________

Herewith attached are certified true copies of the income tax return and audited financial
statement: stamped RECEIVED by the BIR or BIR authorized collecting agent for the
immediately preceding year and the cash deposit certificate or certificate of commitment
from a licensed bank to extend a credit line.

Submitted by:

FELIX VENSON CHUA

CITY HOME BASIC CONSTRUCTION SUPPLY


Name of Firm / Contractor

Date: August 07, 2017

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