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    Notice of Award Equipment

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    ARMA G. TANGAPA
    The document is a Notice of Award from the LGU-Mambajao in the Philippines to MJN Enterprises for the purchase of MDRRMO equipment. MJN Enterprises was the single calculated and responsive bidder with a contract price of PHP 245,000. MJN Enterprises is required to formally enter into contract within 10 days and submit a performance security in the prescribed form. Failure to do so will result in cancellation of the award and forfeiture of the bid security. The performance security shall be in an amount equal to 5% of the total contract price for goods and consulting services.

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    © All Rights Reserved
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    Notice of Award Equipment

    Uploaded by

    ARMA G. TANGAPA
    29 views2 pages
    The document is a Notice of Award from the LGU-Mambajao in the Philippines to MJN Enterprises for the purchase of MDRRMO equipment. MJN Enterprises was the single calculated and responsive bidder with a contract price of PHP 245,000. MJN Enterprises is required to formally enter into contract within 10 days and submit a performance security in the prescribed form. Failure to do so will result in cancellation of the award and forfeiture of the bid security. The performance security shall be in an amount equal to 5% of the total contract price for goods and consulting services.

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    notice of award equipment

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    The document is a Notice of Award from the LGU-Mambajao in the Philippines to MJN Enterprises for the purchase of MDRRMO equipment. MJN Enterprises was the single calculated and responsive bidder with a contract price of PHP 245,000. MJN Enterprises is required to formally enter into contract within 10 days and submit a performance security in the prescribed form. Failure to do so will result in cancellation of the award and forfeiture of the bid security. The performance security shall be in an amount equal to 5% of the total contract price for goods and consulting services.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    29 views2 pages

    Notice of Award Equipment

    Uploaded by

    ARMA G. TANGAPA
    The document is a Notice of Award from the LGU-Mambajao in the Philippines to MJN Enterprises for the purchase of MDRRMO equipment. MJN Enterprises was the single calculated and responsive bidder with a contract price of PHP 245,000. MJN Enterprises is required to formally enter into contract within 10 days and submit a performance security in the prescribed form. Failure to do so will result in cancellation of the award and forfeiture of the bid security. The performance security shall be in an amount equal to 5% of the total contract price for goods and consulting services.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    Standard Form Number: SF-good-49

    Revised on: May 24, 2004

    Republic of the Philippines


    Province of Camiguin
    LGU-MAMBAJAO

    NOTICE OF AWARD

    October 25, 2019

    MJN ENTERPRISES
    Zone 1, Bulua,
    Cagayan de Oro City

    Dear Sir/Madame:

    We are happy to notify you that the PURCHASE OF MDRRMO EQUIPMENT is hereby awarded to
    you being the single calculated and responsive bidder with the Contract price equivalent to TWO
    HUNDRED FORTY FIVE THOUSAND PESOS(Php 245,000.00).

    You are therefore required within ten (10) days from the receipt of this Notice of Award, to formally
    enter into contract with us, And to submit the Performance Security in the prescribed form or in
    percentage amount stipulated in the Performance Security Schedule. 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,

    SGD.YÑIGO JESUS D. ROMUALDO


    Municipal Mayor

    Conforme:

    ______________________________

    ______________________________

    PERFORMANCE SECURITY
    The Performance security shall be in an amount equal to a percentage of the total contract price in
    accordance with the following schedule:

    AMOUNT OF PERFORMANCE SECURITY


    FORM OF PERFORMANCE SECURITY
    (Equal to Percentage of the Total Contract
    Price)
    a) Cash, cashier’s/manager’s check, bank
    draft/guarantee confirmed by a Universal
    or Commercial Bank.  Goods and Consulting Services – Five
    b) Irrevocable letter of credit issued by a percent (5%)
    Universal or Commercial Bank:
    Provided, however, that it shall be  Infrastructure Projects – Ten percent (10%)
    confirmed or authenticated by a Universal
    or Commercial Bank, if issued by a
    foreign bank.
    c) Surety bond callable upon demand issued
    by a surety or insurance company duly  Thirty Percent (30%)
    certified by the Insurance Commission as
    authorized to issue such security.
    d) Any combination of the foregoing.  Proportionate to share of form with respect to
    total amount of security.

    Failure of the successful Bidder to comply with the above-mentioned requirement shall
    constitute sufficient ground for the annulment of the award and forfeiture of the bid security,
    in which event the Procuring Entity shall have a fresh period to initiate and complete the post
    qualification of the second Lowest Calculated Bid. The procedure shall be repeated until the
    LCRB is identified and selected for contract award. However if no Bidder passed post-
    qualification, the BAC shall declare the bidding a failure and conduct a re-bidding with re-
    advertisement.

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