Standard Form Number: SF-GOOD-49
Revised on: May 24 2004
Notice of Award
September 2, 2013
LILIA K. COO
General Manager
ILOILO CITY HARDWARE INC.
Iznart St., Iloilo City
Dear Ma’am:
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Form of Performance Security |
Amount of Performance Security (Equal to Percentage of the Total Contract) |
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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%) |
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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. |
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c) Surety Bond callable upon demand issued by a surety or insurance company duly certified
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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,
PATERNO NOFUENTE
Punong Barangay
Date: ____________________
Conforme:
(Name of Representative of Bidder)
ILOILO CITY HARDWARE INC.
Date: ____________________