The bidder must submit a computation of its Net Financial Contracting Capacity (NFCC)which must be at least equal to the ABC to be bid,calculated as follows:

NFCC=[Current assets minus current liabilities)(15)] minus the value of all outstanding or uncompleted portions of the projects under ongoing contracts, including awarded contracts yet to be started, coinciding with the contract to be bid.

The values of the bidder’s current asset and current liabilities shall be based on the data submitted to the BIR through its Electronic Filing and Payment Systems (EFPS)