The Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP), through the Corporate Budget for 2021 intends to apply the sum of Eight Million Six Hundred Seventy-Three Thousand Seven Hundred Sixty Nine Pesos and 44/100 (P8,673,769.44) being the ABC to payments under the contract for the Procurement of Security Services Bid Reference No. 2021-001. Bids received in excess of the ABC shall be automatically rejected at bid opening.

The AAIIBP now invites bids for the above Procurement Project.Delivery of the Goods is required for a period of one (1) year, renewable for another year at the option of AAIIBP. Bidders should have completed, within five years from the date of submission and receipt of bids, a contract similar to the Project. The description of an eligible bidder is contained in the Bidding Documents, particularly, in Section II (Instructions to Bidders).

Bidding will be conducted through open competitive bidding procedures using a non-discretionary “pass/fail” criterion as specified in the 2016 revised Implementing Rules and Regulations (IRR) of Republic Act (RA) No. 9184..

Bidding is restricted to Filipino citizens/sole proprietorships, partnerships, or organizations with at least sixty percent (60%) interest or outstanding capital stock belonging to citizens of the Philippines, and to citizens or organizations of a country the laws or regulations of which grant similar rights or privileges to Filipino citizens, pursuant to RA No. 5183

Prospective Bidders may obtain further information from AAIIBP and inspect the Bidding Documents at the address given below during Monday to Friday, 8:00AM to 2:00PM.

A complete set of Bidding Documents may be acquired by interested Bidders on September 23, 2021 to October 13, 2021 from the given address and website(s) below and upon payment of the applicable fee for the Bidding Documents, pursuant to the latest Guidelines issued by the GPPB, in the amount of Eight Thousand Pesos (P8,000.00). The Procuring Entity shall allow the bidder to present its proof of payment for the fees through electronic means.

The AAIIBP will hold a Pre-Bid Conference on October 1, 2021, 2:00PM through video conferencing or webcasting via Google Meet, which shall beopen to prospective bidders.

Bids must be duly received by the BAC Secretariat through online or electronic submission as indicated below, on or before October 13, 2021, 12:00PM. Late bids shall not be accepted.

All Bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in ITB Clause 14.

Bid opening shall be on October 13, 2021, 2:00PM via Google Meet. Bids will be opened in the presence of the bidders’ representatives who choose to attend the activity.

The AAIIBP reserves the right to reject any and all bids, declare a failure of bidding, or not award the contract at any time prior to contract award in accordance with Sections 35.6 and 41 of the 2016 revised IRR of RA No. 9184, without thereby incurring any liability to the affected bidder or bidders.

For further information, please refer to:



Head, BAC Secretariat

AAIIBP – Metro Manila Executive Office

Greenhills McKinley Arcade, MA-104B,

Ortigas Avenue, San Juan City

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Telephone No.: 632 8893 4350

Mobile No.: 63 998 961 5555>


Terms of Reference - PDF

Bid Bulletin 2021-001 Procurement of Security Services - PDF

Bidding Documents Procurement of Security Services - PDF

Bidder's Kit - AAIIBP Procurement Guidelines in Electronic Submission of Bid - PDF