Notice of Award

 

May 24, 2013

 

MS. LIDA A. DEMAULO
ILOILO YCA DALE TRADING
32 JM BASA ST.
ILOILO CITY

 

Dear Ma’am:

 

We are happy to notify you that your Bid dated April 24, 2013 for execution for the Supply and Delivery of Various Office Supplies for use of the Local Government Unit of  Miagao, Iloilo for the Contract Price of equivalent to Two Hundred Fifty Four Thousand Eight Hundred Ninety Two Pesos and Eighty Centavos (P 254,892.80) based on the abstract of bids as calculated 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 and 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