NOTICE OF AWARD

March 25, 2014

ROMULYN M. ACERIT

Authorized Representative

Agri Component Corporation

Cauayan City, Isabela

Dear Mr. Acerit

We are happy to notify you that your bid, dated 23 December 2013, for the CY 2014 SUPPLY AND DELIVERY OF TWO  (2) UNITS FOUR-WHEEL TRACTOR WITH BACKHOE, FRONT LOADER ATTACHMENT AND ROTAVATORwith project reference/identification number IB No. DA RFO 1-2014-GOODS-017, for a Contract Price equivalent to:

SEVEN MILLION NINE HUNDRED NINETY-SEVEN THOUSAND PESOS

(Php7, 997,000.00)

as corrected and modified in accordance with the Instructions to Bidders, is hereby accepted and awarded to you as the Single Calculated and Responsive Bid (SCRB).

You are, therefore, required to enter into contract with us and to provide the performance security in the form and amount stipulated in the Instruction to Bidders within ten (10) calendar days from receipt of this notice. Failure to enter into the said contract or provide the performance security shall constitute a sufficient ground for the cancellation of this award and the forfeiture of your bid security.

Very truly yours,

VALENTINO C. PERDIDO, Ph.D.

OIC-Regional Executive Director

Conforme:

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(Name of Bidder’s Representative)

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(Name of Bidder)                                                       

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(Date)