Examples of Pesos in a sentence
On 24 July 2015, BCGLC incorporated a subsidiary, GCLWC with authorized capital stock of Fifteen Million Pesos (P15,000,000.00) divided into One Hundred Fifty Thousand shares (150,000) with par value of P100.0, of which Three Million Seven Hundred Fifty Thousand Pesos (P3,750,000.00) has been subscribed.
The Performance Security shall be denominated in Philippine Pesos and posted in favor of the Procuring Entity in an amount not less than the percentage of the total contract price in accordance with the following schedule:Form of Performance SecurityAmount of Performance Security (Not less than the Percentage of the Total Contract Price)(a) Cash or cashier’s/manager’s check issued by a Universal or Commercial Bank.
Unless otherwise specified in the BDS, payment of the contract price shall be made in Philippine Pesos.
For Goods that the Bidder will supply from within the Philippines, the prices shall be quoted in Philippine Pesos.
If so allowed in accordance with ITB Clause 16.1, the Procuring Entity for purposes of bid evaluation and comparing the bid prices will convert the amounts in various currencies in which the bid price is expressed to Philippine Pesos at the foregoing exchange rates.