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PO and NOA

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PO and NOA

Post by jinki_224 on Mon Sep 30, 2013 2:45 pm

good pm.

for PO and NOA issued July 15 & til now the LCRB has not yet returned the signed copy, is it ground for failure of bidding (non-acceptance)? thanks.
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Re: PO and NOA

Post by regina avelino on Wed Oct 02, 2013 1:39 pm

a duly communicated and received notice of award brings about the perfection of the contract through the meeting of the minds of the offeror and the offeree. Unfortunately, the bidder is required to post the performance security and enter into contract within 10 days from the receipt of the notice of awards. the 10 day period has already lapsed and the bidder is already at default, then you should have already conducted post qualification for the next LCB. Forfeit the bid security of that bidder.

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