Notice of Award
May 24, 2013
ANDRES G. TACOLOD President TACOLOD ENTERPRISES, INC. Lot 23, Block 1, Fiesta Homes Subdivision Bacolod City
We are happy to notify you that the Construction of Two (2) Storey Market Building, Miagao Public Market, Nonato St., Miagao, Iloilo is hereby awarded you as the Bidder with the Lowest Calculated Responsive Bid at a Contract Price equivalent to Thirty Five Million Nine Hundred Eighty Thousand Three Hundred Thirty Seven Pesos and Sixty Eight Centavos (P 35,980,337.68).
You are therefore required, within ten (10) days from the receipt of this Notice of Award, to formally enter into contract with us, and to submit the Performance Security in the form and the amount stipulated in the Instructions to Bidders. Failure to enter into the said contract or provide the Performance Security shall constitute a sufficient ground for cancellation of this award and forfeiture of your Bid Security.
Very truly yours,
(SGD)JULIETA N. FLORES