Notice of Award
CTC Builders & Supplies, Inc.
Maharlika Highway, Balogo,
Dear Sir / Madame:
We are happy to notify you that the REHABILITATION AND CONSTRUCTION OF RIVER DIKE OF SIATON, SIATON, 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 Eight Hundred Seventy Eight Pesos (P 99,900,878.00).
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: CTC Builders & Supplies, Inc.