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PCSO Awards Lottery Bidding
- By The Financial District
- Sep 6, 2021
- 1 min read
The Joint Venture of Pacific Online Systems Corporation (Pacific Online or POSC), Philippine Gaming Management Corporation (PGMC) and International Lottery & Totalizator Systems, Inc. (ILTS) has received the Notice of Award issued by the Philippine Charity Sweepstakes Office (PCSO) in connection with its public bidding for a new PCSO Lottery System.
Photo Insert: The PCSO Lottery System has confirmed the award for a supplier.
The Notice of Award stated: “We are pleased to inform you that in the Bidding conducted for the Procurement of Five (5) Years Lease of the Customized Philippine Charity Sweepstakes Office (PCSO) Lottery System, also known as ‘2021 PLS Project’ under SBAC Contract No. 2021-01, the Special Bids and Awards Committee (SBAC) declared you as the Single Calculated and Responsive Bid (SCRB) for the above mentioned Project.
“Award is therefore made in your favor with a total contract price of Five Billion Eight Hundred Million Philippine Pesos (Php5,800,000,000.00).” The PCSO further advised that pursuant to the requirements of the Government Procurement Law (Republic Act No. 9184), a formal contract will be executed with the Joint Venture after the latter shall have complied with the requirement to post Performance Security.
