A.
Summary of the Applicant Firm’s/Contractor’s 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.
Year 2023
1 Total Assets 5,816,469.00
2 Current Assets 2,193,889.00
3 Total Liabilities 493,796.00
4 Current Liabilities 193,796.00
5 Total Net Worth (1-3) 5,322,673.00
6 Current Net Worth or Net Working Capital (2-4) 2,000,093.00
B.
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
NFCC = 15 ( 2,193,889.00 - 193,796.00 )
TOTAL = 30,001,395.00
Less: Value of all outstanding
works 2,585,949.28
Net Financial Contracting
PhP 27,415,445.72
Capacity
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
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:
ELBA CONSTRUCTION
Registered Business Name of Contractors
LARRY B. ABELLA
Name and Signature of Authorized Representative
Date: September 28, 2024
