Notice of Award
LEGAZPI Premium Development Corporation
Rizal Street, Cabangan, LegazpiCity, Albay
Dear Sir / Madame:
We are happy to notify you that the REHABILITATION/IMPROVEMENT OF RIVER CONTROL & RECHANNELING/DEEPENING ALONG TANJAY RIVER, TANJAY CITY, NEG. OR. (P 200,000,000.00) is hereby awarded you as the Bidder with the Lowest Calculated Responsive Bid at a Contract Price equivalent to One Hundred Ninety Nine Million Eight Hundred Five Thousand Eighty Five and 75/100 Pesos (P 199,805,085.75).
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: LEGAZPI Premium Development Corporation