Standard Form Number: SF-GOOD-49

Revised on: May 24 2004

 

Republic of the Philippines

Province of Iloilo

Municipality of Miagao

BIDS AND AWARDS COMMITTEE

Telefax No. (033) 3158050

Website: www.miagao.gov.ph

Email address: mayor@miagao.gov.ph / webmaster@miagao.gov.ph

 

 

Notice of Award

March 27, 2013

 

LILIA K. COO

General Manager

ILOILO CITY HARDWARE INC.

Iznart St., Iloilo City

 

Dear Ma’am:

 

We are happy to notify you that your Bid dated March 19, 2013 for execution of Supply and Delivery of asphalt for the Asphalt Patching and Topping of Various Municipal Road,  Miagao, Iloilo (Netura, Nobleza, Orbe, Legaspi, Nonato and Octaviano Streets) for the Contract Price of equivalent to Five Hundred Thirty Seven Thousand Six Hundred Twenty Five  (P 537,625.00) Pesos based on the abstract of bids as read and 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.

 

 

Very truly yours,

 

 

 

JULIETA N. FLORES

Municipal Mayor

 

 

Conforme:

 

 

 

(Name of Representative of Bidder)

ILOILO CITY HARDWARE INC.

Date: _________________