Notice of Award

  

August 15, 2012

 

MS. LILIA K. COO

Manager/Owner

ILOILO CITY HARDWARE INC.

Iznart St., Iloilo City

 

Dear Ma’am:

 

We are happy to notify you that your Bid dated July 16, 2012  for execution of Supply and Delivery of Materials and Supplies for the Improvement of LDRRMO and Operation Center, Municipal Hall Annex,  Miagao, Iloilo for the Contract Price of equivalent to Three Hundred Two Thousand Two Hundred Sixty Five Pesos and Seventy Centavos  (P 302,265.70) Pesos 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 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.