In view of the rescission of the contract of G.M. TIONGCO CONSTRUCTION, INC. for the restoration of Loay Interior Road, km. 55 + 474.5 to Km. 73+597, with exception, the said construction firm and its officer/stockholders are suspended effective immediately for a period of one (1) year from participating in any bidding or entering into any contract with the Department and its line agencies.

In addition, since G.M. TIONGCO CONSTRUCTION, INC. is liable under Clause 100 of the DPWH Standard Specifications 1988 and PD 1870 for the total daily penalty up to and including the date Government effectively took over the works and excess costs by the Government effectively took over the works and excess costs by the Government in the completion of the contract either by administration or reletting the same, over the contract price, including the cost of supervision and inspection, all concerned are hereby ordered not to release any sum of money to the firm unless and until these obligations are fully settled.

For strict compliance.

Adopted: 5 Sept. 1990

(SGD.) FIORELLO R. ESTUAR
Secretary