7.1.1 The PBAC shall evaluate each Technical Proposal according to the following criteria:
a. Technical soundness - The proposed technical standards and specifications of the Project should conform to the design, standards and specifications prescribed in Part II - draft BOT Contract.
b. Operational Feasibility - The proposed organization, methods and procedures for operating and maintaining the completed facility must be well-designed, should conform to the prescribed performance standards and should be shown to be workable.
c. Project Financing - The proposed financing plan should positively show that the same could adequately meet the construction cost requirements of the Project.
d. Environmental Standards - The proposed design and the technology must be in accordance with the environment standards and acceptable to the DENR. Any negative or adverse effect on the environment as a consequence of the project as proposed by the project proponent must be properly identified, including the corresponding corrective and mitigating measures.
7.1.2 The PBAC shall complete the evaluation of the Technical Proposals on or before ___________ (within 30 calendar days from the deadline for the submission of bids).
7.1.3 Those bidders who failed the First Stage shall no longer be considered for the Second Stage and the PBAC shall immediately return their bid proposals (Second Package shall remain unopened) together with the reason for their failure in the First Stage.