May 19, 2010

MS. ELMA L. CHONG
President
EC Flow Group, Inc.
52 Don Jose St., North Gate
Don Antonio Heights Subdivision,
Quezon City,
1127 Philippines

Dear Ms. Chong:

We are happy to notify you that your Bid dated April 20, 2010 for Supply and Delivery of 14,000 pcs. 1/2" Diameter Water Meters (Package 4 of 5) for the Contract Price of equivalent to Seventeen Million Seventy Three Thousand Pesos Only (P17,073,000.00), which was approved for award per DCWD Board Resolution No. 10-149 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 Eight Hundred Fifty Three Thousand Six Hundred Fifty Pesos only (P853,650.00) 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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