Notice of Award


July 26, 2012


Q. Abeto St., Mandurriao, Iloilo City
(033) 321-3120


Dear Ma’am:


We are happy to notify you that your Bid dated March 7, 2012 for execution of Supply and Delivery of Medicines for use of the Municipal Health Office,  Miagao, Iloilo for the Contract Price of equivalent to Ninety-One Thousand Two Hundred Forty-Nine Pesos and Eighty Five Centavos (P 91,249.85) 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.