G.R. No. 245617 - El Dorado Consulting Realty and Development Group Corp. vs. Pacific Union Insurance Co.

El Dorado Consulting Realty and Development Group Corp. vs. Pacific Union Insurance Co.

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Title Supreme Court: El Dorado Consulting Realty and Development Group Corp. vs. Pacific Union Insurance Co.

Case: G.R. No. 245617

Decision Date: Nov 10, 2020

El Dorado contracted ASPF Construction for a P170M project, with PUIC as surety. Delays and defaults led to termination. CIAC ruled, but SC dismissed, citing lack of jurisdiction over PUIC, as bonds weren't part of the contract.

performance bond

construction industry

condominium hotel

Standard 15 min

END