Notice of Award
CTC Builders & Supplies, Inc.
Maharlika Highway, Balogo,
Dear Sir / Madame:
We are happy to notify you that the REHABILITATION OF TAPON NORTE RIVER CONTROL, SAN JOSE, NEGROS ORIENTAL (P 50,000,000.00) is hereby awarded you as the Bidder with the Lowest Calculated Responsive Bid at a Contract Price equivalent to Forty Nine Million Nine Hundred Forty Nine Thousand One Hundred Thirteen and 85/100 Pesos (P 49,949,113.85).
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.