Procurement of the Philracom 50Th Anniversary Commemorative Coins Tender are invited for PROCUREMENT OF THE PHILRACOM 50TH ANNIVERSARY COMMEMORATIVE COINS Product Service Name : COMMEMORATIVE COIN Procurement Mode : Negotiated Procurement - Small Value Procurement (Sec. 53.9) Classification : Goods Category : Tokens and Awards Contract Duration : 2 Month s Budget for the Contract : PHP 180,000.00 Area of Delivery : Metro Manila Description : TERMS OF REFERENCE PROCUREMENT OF THE PHILRACOM 50TH ANNIVERSARY COMMEMORATIVE COINS I. PROJECT DESCRIPTION This project entails the procurement of ninety (90) sets of high-quality Philippine Racing Commission (PHILRACOM) 50th Anniversary Commemorative Coins. This project intends to create a tangible and enduring symbol to mark the Commission-s half-century of dedicated service to the country-s horse racing industry. II. BACKGROUND AND RATIONALE Constituted on 20 March 1974 by virtue of Presidential Decree No. 420, PHILRACOM is the sole government agency under the Office of the President that has regulatory and supervisory authority and functions over all elements of horseracing, except for the betting aspect of the sport, which is retained by the Games and Amusement Board (GAB). It was created to promote and direct the accelerated development of horseracing as a sport, and as a source of revenue and employment. On 20 March 2024, PHILRACOM is poised to celebrate its 50th founding anniversar... PHILIPPINE RACING COMMISSION Eric Canlas Dela Cruz SSGRO 4th Flr. Electra House Bldg., Esteban St. Legaspi Village Makati City Metro Manila Philippines 1200 63-2-8137778 63-2-8137778 bac@philracom.gov.ph Tender Notice International Competitive Bidding PRC-2024-0224 Philippines GT-106020948