February 22, 2010

MR. HENRY L. ANG
Corporate Secretary & Treasurer
Makati Foundry
9120 Constancia cor. Sultana St.,
Makati City
Fax No. (02) 899-0151

Dear Mr. Ang:

We are happy to notify you that your Bid dated January 7, 2010 for Supply and Delivery of Various Gate Valves (Package 1) for the Contract Price of equivalent to One Million One Hundred Four Thousand Three Hundred Eighty Two Pesos Only (P1,104,382.00), which was approved for award per DCWD Board Resolution No. 10-042 dated February 10, 2010 is hereby accepted.

You are hereby required to provide within ten (10) days the performance security in the form of manager’s check, cashier’s check or irrevocable letter of credit amounting to Fifty Five  Thousand Two Hundred Nineteen Pesos & 10/100 (P 55,219.10) as stipulated in the Instructions to Bidders.  Failure to provide the performance security shall constitute sufficient ground for cancellation of the award and forfeiture of the bid security.

Very truly yours,

RODORA N. GAMBOA
General Manager

Conforme:

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(SIGNATURE OVER PRINTED NAME)

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