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How to Rescind Contract

How to Rescind Contract

ni SFO2 Vivian Balatay -
Number of replies: 4
Good Day Sir/Mam... I just want ask for any guidance on what to do next on our procurement.. (1st time po kasi tong case na to) We have our procurement for computer supplies and accessories and the delivery period ends last December 28.. before the due date of their delivery period,. we already write them reminding of their delivery that will end on December 28 and replied that they will deliver the items on last week of January.. but unfortunately the obligation of the supplier was not fulfilled and the LD was already 10% on April 5, 2024..
In reply to SFO2 Vivian Balatay

Re: How to Rescind Contract

ni Jessie Salvador -
Under the present rule, it is the option of the procuring entity to rescind or continue the contract without prejudice to LD exceeding 10% of the contract price. In case of rescission, the supplier/contractor may still be entitled to the amount already delivered/rendered under the principle of quantum meruit, less the LD.
In reply to Jessie Salvador

Re: How to Rescind Contract

ni SFO2 Vivian Balatay -
We are decided Sir to rescind the contract.. hindi na po nagcocooperate yung Supplier.. We already write them again regarding the 10% LD pero they just received the letter and no reply till now....can we just start all over the proc process of our procurement?