May 19, 2010

MR. WILBERT C. TAN
General Manager
Techno-Trade Resources, Inc.
164 R. Castillo St., Agdao,
Davao City

Dear Mr. Tan:

We are happy to notify you that your Bid dated April 20, 2010 for Supply and Delivery of Various Sizes UPVC Pipes (Package 5 of 5) for the Contract Price of equivalent to One Million Five Hundred Thirty Seven Thousand Six Hundred Nine Pesos Only (P1,537,609.00), which was approved for award per DCWD Board Resolution No. 10-152 dated May 14, 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 Seventy Six Thousand Eight Hundred Eighty Pesos & 45/100 only (P76,880.45) 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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