June 2, 2010

MR. VICTOR CHAN
General Manager
Wespoint Industrial Sales Co., Inc.
No. 1 Cor. San Miguel St., cor. F. Manalo
Brgy. Batis, San Juan City
Tel. No. 744-5574 to 76

Dear Mr. Chan:

We are happy to notify you that your Bid dated April 14, 2010 for Supply and Delivery of One (1) unit 300  KVA Generator Set for the Contract Price of equivalent to Two Million Pesos Only (P2,000,000.00), which was approved for award per DCWD Board Resolution No. 10-189 dated May 27, 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 issued by a Universal or Commercial Bank amounting to One Hundred Thousand Pesos Only    (P100,000.00) or a Surety Bond callable upon demand issued by a Surety or Insurance Company duly certified by the Insurance Commission as authorized to issue such security amounting to Six Hundred Thousand Pesos Only (P600,000.00) 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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(SIGNATURE OVER PRINTED NAME)

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