ALLCARD Plastics Philippines Inc. bagged the contract to supply the driver’s license cards to the Land Transportation Office (LTO) after the firm submitted the lowest bid of P336.868 million, 25.3 percent lower than the original approved budget for the contract.
The approved budget for the contract was P450 million, meaning the LTO will save P113 million because of Allcard Plastic’s bid of P336.868 million. The cost of each card based on Allcard Plastic’s offer is about P67.37 per piece, well below the cap of P90.09 per piece.
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