04 June 2012
Mr. Cyril C. Rocke
Dataone Asia (Philippines), Inc.
6th Floor, IBM Plaza Building
Eastwood City Cyberpark
E. Rodriguez, jr. Avenue
Bagumbayan, Quezon City
S i r :
Please be informed that the award of the contract for purchase of the DOJ Email Service in the total amount of TWO MILLION SIX HUNDRED SIXTY FOUR THOUSAND PESOS (P2,664,000.00), is hereby given to your firm subject to your submission of the following:
“Performance Security” to guarantee payment of security as penalty if the contractor is in default in his obligation, to be posted in favor of this Department and executed in the prescribed form and at least co-terminus with the final acceptance of the project. The following provisions shall form part of the said security “The right to institute action on the penal bond pursuant to Act. No. 3688 of any individual firm, partnership, corporation and association supplying the contractor with labor and materials for the prosecution of the work is hereby acknowledged and confirmed”. The performance security shall be in accordance with any of the following schedule:
- Cash, cashier’s/manager’s check, bank draft/guarantee confirmed by a Universal or Commercial Bank, irrevocable letter of credit issued by a Universal or Commercial Bank: Provided, however, that it shall be confirmed or authenticated by a Universal or Commercial Bank, if issued by a foreign bank – Five Percent (5%) of the total contract price; and
- Surety bond callable upon demand issued by a surety or insurance company duly certified by the Insurance Commission as authorized to issue such security – Thirty Percent (30%) of the total contract price.
Please sign at the space provided below to signify acceptance of the award and return to this Office with the aforementioned documents.
Very truly yours,
LEILA M. DE LIMA
Mr. Cyril C. Rocke
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