Tender Evaluation Announcement for LCT Barge Rental

CHINA HARBOUR ENGINEERING COMPANY

LCT barges Rental for Philippine Pasay Reclamation Development Project (Phase 1) Hydraulic Engineering

Our company, China Harbor Engineering Company, conducted a bidding process for LCT barges Rental. The bidding process began on Jan 28, 2026, with the tender documents being issued. A total of three suppliers purchased the tender documents. The deadline for bid submission was Feb 2, 2026, and Six suppliers participated in the bidding process. The public bid opening was conducted on Feb 6, 2026, using the Supply Chain Management System of CCCC (http://ec.****.cn).

According to the evaluation method and the determination of the winning candidates specified in the tender documents, the evaluation committee reviewed and recommended:

Package 1：

First Winning Candidate: Phasai Holding Corp.

Taxed Total Bid Amount: PHP 232,205,904.00

Tax rate: 12%

Second Winning Candidate:

DRABB CONSTRUCTION AND DEVELOPMENT CORP

Taxed Total Bid Amount: PHP 242,690,000.00

Tax rate: 12%

Third Winning Candidate:

VIRTUE MARITIME SHIPMANAGEMENT CORP.

Taxed Total Bid Amount: PHP 251,226,600.00

Tax rate: 12%

Package 2：

First Winning Candidate:

PINAS PRIME TRANSPORT AND SHIPPING CORP.

Taxed Total Bid Amount: PHP183,554,918.40

Tax rate: 12%

Second Winning Candidate:

I-MARK SHIPPING CORPORATION

Taxed Total Bid Amount: PHP 186,240,000.00

Tax rate: 12%

Third Winning Candidate:

ST. ANTHONY FERRY MARINE SERVICES

Taxed Total Bid Amount: PHP 187,200,000.00

Tax rate: 12%

The deadline for public announcement is 6:00 PM on March 7, 2026. If there are any questions, please contact the tenderer before the deadline.

Contact Person:Rean Tsang

Phone number:096****1985

E-mail address: ****@qq.com

CHINA HARBOUR ENGINEERING COMPANY

Date: March 4, 2026