UP-TOWN INDUSTRIAL SALES, INC.
Up-Town Building
56-58 Madison Street
Mandaluyong City


Gentlemen:

We are happy to inform you that your Bid on May 10, 2011 for the purchase of various materials under PRN-060-CONSTMTLS-GOODS-2011 with the contract price of Nine Hundred Twenty Nine Thousand Six Hundred Fifty Eight and 32/100 Centavos (PhP929,658.32) 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.