IPM CONSTRUCTION AND DEVELOPMENT CORPORATION

No. 5 Brixton Street

Barangay Kapitolyo

Pasig City

Gentlemen:

We are happy to inform you that your Bid on Janaury 24, 2012 for transfer, hauling and disposal services under PRN-004-HAULING/DISPOSAL–SWMO- GOODS-2012 with the contract price of Twenty Four Million Seventy Eight Thousand Five Hundred Sixty Pesos (PhP24,078,560.00) 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.