THIS AGREEMENT, made this ____day of Jan 14, 2020 between the NATIONAL IRRIGATION ADMINISTRATION, with principal office address at NIA Bldg., EDSA, Quezon City, represented by its Administrator, GEN RICARDO R VISAYA (Ret) (hereinafter called the “Entity”) and R. D. INTERIOR JUNIOR CONSTRUCTION with principal office address at 11^_th Floor, Triumph Building, Quezon Avenue, Quezon City, represented by its General Manager, RICARDO D. INTERIOR, JR. (hereinafter called the “Contractor”).

WHEREAS, the Entity is desirous that the Contractor execute the Construction of Sulvec Earthfill Dam and its Appurtenant Structures under the Small Reservoir Irrigation Project (SRIP), Invitation to Bid No. SRIPD-C-26RW, (hereinafter called “the Works”) and the Entity has accepted the Bid for Three Hundred Thirty Three Million Three Hundred Seventy One Thousand Forty Nine and 92/100 Pesos (PhP333,371,049.92) by the Contractor, for the execution and completion  of such Works and the remedying of any defects therein.