Notice of Award
AJAN Jaeda Inc.
Gogon, LegazpiCity, Albay
Dear Sir / Madame:
We are happy to notify you that the DREDGING OF TAMOGONG RIVER (INTERMITTENT SECTION), BAIS CITY, NEG. OR. (P 100,000,000.00) is hereby awarded you as the Bidder with the Lowest Calculated Responsive Bid at a Contract Price equivalent to Ninety Nine Million Nine Hundred Thousand Two Hundred Eighty and 76/100 Pesos (P 99,900,280.76).
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: AJAN Jeada Inc.