Procurement of Two Units Brand New Crawler Excavator and Brand New Hydraulic Breaker

Print
Parent Category: BIDS AND AWARDS Category: NOTICE OF AWARD
Republic of the Philippines
Island Garden City of Samal
Province of Davao del Norte
 
OFFICE OF THE CITY MAYOR
 
August 1, 2017
 
JOSE T. LIM
Corporate Secretary
CIVIC MERCHANDISING INC
No. 710-716 Quirino Highway, San Bartolome
Novaliches, Quezon City
 
NOTICE OF AWARD
 
Sir:
 
Pursuant to the Resolution of Award by the Bids and Awards Committee (BAC) of LGU-IGaCoS, the contract RE: Procurement of Two Units Brand New Crawler Excavator and Brand New Hydraulic Breaker under PR No. 2017-04-2094 having an Approved Budget for the Contract of Twenty Five Million Pesos (Php25,000,000.00) is awarded to your company based on your bid in the amount of Four Hundred Ninety Thousand US Dollars only (USD490,000.00) to be completed within One Hundred Twenty Calendar Days (120CD) and shall be executed in accordance with the  item specifications on the contract 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 and Agreement, you are hereby required to submit the performance security in an amount equal to a percentage of the total contract price in accordance with the following schedule;
 

Form of Performance Security

Amount of Performance Security (Equal to Percentage of the Total Contract Price)

a) Cash or Cashier’s/Manager’s Check issued by a Universal or Commercial Bank.

Five Percent (5%)

b) Bank Draft/Guarantee or 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.

Five Percent (5%)

c) Surety Bond callable upon demand issued by a Surety or Insurance   Company duly certified by the Insurance Commission as authorized to issue such security.

Thirty Percent (30%)

d) Any combination of the foregoing

Proportionate to share of form with respect to total amount of security

 
Non- posting and submission of the above–mentioned required documents within ten(10) calendar days shall constitute a sufficient ground for cancellation of this award and forfeiture of your Bid Security.
 
Please signify your acceptance of award by affixing your signature below.


Very Truly Yours,
 
AL DAVID T. UY
City Mayor
 
Date Approved: _________________
Note:
Date Forwarded to CMO: _______
 
Conformed:
___________________________ Form of Per. Sec._______________
Signature over printed name OR # & Date: __________________
Date: _____________________ Amount: ______________________
Issued at: _____________________