August 16, 2022
9TH FUEL HUB CORPORATION
Plaza Escaño, 2nd floor, Piapi Beach, Dumaguete City    
Project: Purchase of GASOLINE FUEL for various Provincial Operations  (3rd Quarter 2022).
NOTICE OF AWARD
Sir / Madam:
         We are pleased to notify you that the contract for the above project is hereby awarded to your firm,
 detailed as follows:
Document No. Description of Items Total Amount
  GASOLINE FUEL
N. P.  53.14 Direct Retail Purchase 1,626,039.50
PO No. 2022-18-08-001(4)  
         You are hereby required to POST the performance security in the form prescribed below within TEN (10) CALENDAR DAYS.  Failure to post the Performance Security and enter into contract within the allowable period shall constitute a sufficient ground for cancellation of this award and forfeiture of your bid security, as well as the imposition of appropriate sanctions provided by RA 9184.
          Your cooperation is highly appreciated.
Very truly,
PRYDE HENRY A. TEVES
Provincial Governor
SCHEDULE OF PERFORMANCE BOND
FORM OF SECURITY Minimum Amount in % of Total Contract
   1.  Cash, cashier’s/manager’s check, bank draft by a Universal or Commercial Bank. Goods and Consulting Services – Five percent (5%)
Infrastructure Projects – Ten percent (10%)
   2.  Surety bond (in precribed form) duly certified by the Insurance Commission. Thirty percent (30%)
Note:
a.) Surety Bond must be valid until the issuance of the Certificate of Final Acceptance by the Procuring Entity pursuant to Section 39 of RA9184 and such shall be duly stipulated in the Surety Bond Certificate, duly certified by the Insurance Commission.
b.) Payment of the Performance Bond shall be at the Provincial Treasurer’s Office, Capitol Building, Dumaguete City.
c.) Once payment is made, please proceed to the Supply Section of the Provincial General Services Office for the receipt of the Purchase Order and Notice to Proceed
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ACKNOWLEDGEMENT RECEIPT
Business Name:  
Received by:                 Designation:      
(Print Name)
Signature:                 Date: