R. ESPINELI TRADING
23 15th Avenue
Quezon City


Gentlemen:

We are happy to inform you that your Bid on May 17, 2011 for the purchase of baton for TMO under PRN-028-BATON-TMO-GOODS-2011 with the contract price of Two Hundred Eighty One Thousand One Hundred Ninety Pesos (PhP281,190.00) is hereby accepted.

You are hereby required to provide within TEN (10) calendar days the Performance Security in the form and the amount stipulated in the Instruction to Bidders.  Failure to provide the Performance Security shall constitute sufficient ground for cancellation of the award and the forfeiture of the Bid Security.