Amendment of RA 5979 Sec 10 on Contract Price Adjustment

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PRESIDENTIAL DECREE NO. 459: Amendment of RA 5979 Sec 10 on Contract Price Adjustment

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Title Source: Supreme Court: Amendment of RA 5979 Sec 10 on Contract Price Adjustment

Law: Presidential Decree No. 459

Decision Date: May 16, 1974

Presidential Decree No. 459 allows for the readjustment of contract amounts for public works in the Philippines in case of price escalations or changes in labor laws, providing a fair and just solution for contractors facing significant losses.

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