Notice of Award

  

November 19, 2012

RAYMUND E. TABUGA

General Manager

Topmost Development and Marketing Corp.

Q. Abeto St., Mandurriao

Iloilo City

 

Dear Sir:

 

This is to notify you that as per BAC Resolution No. 122 and your letter of reply dated November 14, 2012 for the Supply and Delivery of 300 cu mtr. Item 200 coarse aggregates for the Backfilling of Slaughterhouse Site – Igtuba, Miagao, Iloilo for the Contract Price of equivalent to One Hundred Four Thousand Seven Hundred Pesos (P 104,700.00) is hereby accepted.

 

You are hereby required to provide within ten (10) days the performance security in the form and the amount stipulated at Par. 39.2 of Section 39, RA 9184.

 

Form of Performance Security

Amount of Performance Security (Equal to Percentage of the Total Contract Price)

a) Cash, cashier’s/manager’s check, bank draft/guarantee confirmed by a Universal or Commercial Bank

 

 

Goods ad Consulting Services –

Five Percent (5%)

 

Infrastructure Projects –

Ten Percent (10%)

 

b) Irrevocable letter of credit issued by a Universal or Commercial Bank: Provided, however, that it shall be confirmed or authenticated by a Universal or Commercial Bank, if issued by a foreign bank.

c) Surety Bond callable upon demand issued by a surety or insurance company duly certified

 

Thirty Percent (30%)

 

Failure to provide the performance security shall constitute sufficient ground for cancellation of the award and forfeiture of the bid security.

 

Very truly yours,

 

(SGD) JULIETA N. FLORES

Municipal Mayor