Notice of Award
FIAT Construction Services
100 Macapagal Avenue,
Dear Sir / Madame:
We are happy to notify you that the DEEPENING, RECHANNELING AND PROTECTION DIKE OF SICOPONG RIVER, STA. CATALINA, NEGROS ORIENTAL (P 45,000,000.00) is hereby awarded you as the Bidder with the Lowest Calculated Responsive Bid at a Contract Price equivalent to Forty Four Million Four Hundred Seventy Six Thousand Nine Hundred Six and 16/100 Pesos (P 44,476,906.16).
You are therefore required, within ten (10) calendar days from the receipt of this Notice of Award, to formally enter into contract with us, and to submit the Performance Security in the form and the amount stipulated in the Instructions to Bidders. Failure to enter into the said contract or provide the Performance Security shall constitute a sufficient ground for cancellation of this award and forfeiture of your Bid Security.
Very truly yours,
Hon. ROEL R. DEGAMO
Name of Bidder: FIAT Construction Services