The Public-Private Partnership Center of the Philippines (PPP Center) awarded the Project Preparation Services for the Department of Transportation Central Office Main Building Project to Palafox Associates for PHP 37,123,000 (US$ 0.6 million).

Palafox is required to submit the Performance Security (PS), in the specified form and amount outlined in the bidding documents for the procurement, and to formally sign the contract with the PPP Center within 10 calendar days of receiving this Notice of Award. The Performance Security amounts to PHP 1,856,150 (US$ 0.3 million). Failure to properly execute the contract and/or provide the required Performance Security will be grounds for the cancellation of the contract award and forfeiture of the bid security.