NOTICE OF AWARD - IMUS MARKETING for PROCUREMENT OF ELECTRIFICATION (INSTALLATION OF LED LIGHTS & OTHER ACCESSORIES, STREETLIGHTS

Parent Category: BIDS AND AWARDS Category: NOTICE OF AWARD
Republic of the Philippines
Province of Davao del Norte
Island Garden City of Samal
 
OFFICE OF THE CITY MAYOR
 
 
May 23, 2017
 
RODOLFO B. SAYAMAN
Proprietor
IMUS MARKETING
Imus Cinema Bldg., Quezon Boulevard, Kidapawan City
 
 
NOTICE OF AWARD
 
SIR/MADAAM:
 
Pursuant to the Resolution of Award by the BAC-IGaCoS, the contract for the project:  PROCUREMENT OF ELECTRIFICATION (INSTALLATION OF LED LIGHTS & OTHER ACCESSORIES, STREETLIGHTS @ ISLAND WIDE, IGACOS under consolidated PR with an ABC of FOUR MILLION NINE HUNDRED SIXTY SIX THOUSAND FIVE HUNDRED PESOS ONLY. (Php 4,966,500.00) is awarded to your company based on your bid quotation in the amount of FOUR MILLION EIGHT HUNDRED THIRTY FIVE THOUSAND FIVE HUNDRED PESOS ONLY. (Php 4,835,500.00) to be completed within ten (10) calendar days and shall be executed in accordance with the item specifications on the project set by the Implementing Agency and in conformity with IRR of Republic Act 9184 known as “Government Procurement Reform Act”.
 
In order to facilitate the processing of the contract documents/Purchase Order, you are hereby required to post performance security in any of the following form listed below not later than five (5) days from receipt hereof.
 
  1. Cash, certified check, cashier’s check, manager’s check, bank draft or irrevocable letter of credit equivalent to Five Percent (5%) of the Total Contract Price or Php 241,775.00
  2. Bank draft/Guarantee, or irrevocable letter 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, Five Percent (5%) of the Total Contract Price or Php 241,775.00
  3. Surety Bond callable upon demand issued by a surety or insurance company duly certified by the insurance commission as authorized to issue such security equivalent to Thirty Percent (30%) of the total contract price or (P 1,450,650.00)
 
           Non-posting of the required Performance Security within the prescribed days shall be a ground for the forfeiture of your Bid Security Bond and awarding of the herein contract to the second lowest bidder subject to the evaluation of the BAC.
 
           Please signify your acceptance of the award by affixing your signature below.
 
 
Very Truly Yours,
 
 
AL DAVID T. UY
City Mayor
Conformed:
__________________
Contractor
Date: ____________
OR # and Date: ___________
Amount : Php ________
Issued at: _____________