Based on the rescission of the contracts of O. B. Peneyra Construction by the District Engineer, Cagayan 1st Engineering District, Aparri, Cagayan dated March 21, 1990 of the concreting of Casili Multi-Purpose Pavement, Camalaniugan and Casambalangan Multi-Purpose Pavement, Sta. Ana, Cagayan, due to abandonment of said projects, the said construction firm and its key officials are hereby suspended/blacklisted from participating in any bidding or entering into any contract with the Department and its line agencies for a period of one (1) year from date of rescission of the contracts.

In addition, all concerned are ordered not to release any sum of money to O. B. Peneyra Construction pending settlement of its financial obligations in connection with its rescinded contracts without prior clearance from this Office.

For strict compliance.

Adopted: 10 Dec. 1990

(SGD.) FIORELLO R. ESTUAR

Secretary