Salary Loan Table - RNG Coastal Bank RNG Bank offers salary loan for permanent DepEd teaching and non-teaching staff thru Automatic Payroll Deduction System (APDS). Features: 📍LOW INTEREST RATE 📍LOAN AMOUNT UP TO 500,000 📍5 YEARS MAXIMUM LOAN TERM 📍NO HIDDEN CHARGES 📍NO NEED TO GO TO THE OFFICE A Bank that is built with trust and integrity and committed to provide quality and safe banking services to its existing and future clients, RNG Coastal Bank, Inc . is a banking institution established in the year 1974. The Bank has 15 operating branches in the Visayas, 11 in Cebu and 4 in Bohol. Providing various financial products and services to its clients for almost 50 years, RNG Coastal Bank remains strong and continuously grows its number of branches to reach more Filipinos. Here are the branches of RNG Coastal Bank: RNG Coastal Bank Head Office Cor. Cabancalan Road, Talamban, Cebu City 6000 Labangon Branch Punta Princesa, (Labangon) Cebu City Asturias Branch Poblacion, Asturias, Ce...
Understanding the Omnibus Sworn Statement (Revised): Essential for Bidding in the Philippines
Bidding for government projects in the Philippines requires careful preparation and adherence to various regulations. One crucial document you'll need is the Omnibus Sworn Statement (Revised). This blog post dives into what it is, its key elements, and why it's vital for submitting a successful bid.
What is an Omnibus Sworn Statement (Revised)?
This sworn statement serves as a legal declaration confirming your eligibility and compliance with various bidding requirements set by the Philippine government. It's a crucial document submitted along with your bid to demonstrate your suitability for the project.
Key Elements of the Omnibus Sworn Statement (Revised):
- Identification and Authorization: You declare your identity, legal status, and authority to represent the bidder (sole proprietorship, partnership, corporation, etc.).
- Blacklisting Status: You confirm that neither you nor your associated entities are blacklisted by government agencies.
- Documentation Authenticity: You vouch for the authenticity and accuracy of all submitted bidding documents.
- Verification Consent: You authorize the procuring entity to verify your submitted documents.
- Relationship Restriction: You confirm that you aren't related (up to the third degree) to key personnel involved in the procurement process.
- Labor Law Compliance: You assert your adherence to existing labor laws and standards.
- Bidder Responsibilities: You acknowledge your understanding and commitment to fulfilling responsibilities outlined in the Philippine Bidding Documents.
- Anti-Corruption Clause: You confirm that no bribery or improper payments were made to secure the bid.
- Advance Payment Clause: (Applicable only if applicable) You acknowledge potential legal consequences for failing to deliver contracted obligations after receiving advance payment.
Why is the Omnibus Sworn Statement (Revised) Important?
Submitting a complete and accurate Omnibus Sworn Statement is mandatory for bid eligibility. It demonstrates your awareness of regulations, commitment to ethical practices, and suitability for the project. Omitting or making false statements can lead to disqualification from the bidding process.
Conclusion:
Understanding the Omnibus Sworn Statement (Revised) is crucial for anyone participating in government bidding in the Philippines. By ensuring its accuracy and completeness, you demonstrate your legal compliance and increase your chances of securing the project. Remember, ethical practices and transparency are key factors in successful bids.
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