Bids and Awards

JV-004-Selection of Joint Venture Partner for the Valenzuela City Public Pay Parking System

NOTICE OF AWARD

MR. SOLOMON SAY
Tokagawa Global Corporation


Sir/Madam:


We are happy to notify you that the Valenzuela City Public Pay Parking System is hereby awarded to you as the Calculated and Responsive Bidder at a contract price equivalent to Php27,000,000.00.

You are therefore required, within ten (10) days from the receipt of this Notice of Award to formally enter into a contract with us. Failure to enter into the said contract shall constitute a sufficient ground for the cancellation of this award and forfeiture of your bid security.

Very truly yours,


REXLON T. GATCHALIAN
City Mayor