Question & AnswerQ&A (PCAB CIAP BOARD Resolution NO. 1)
The resolution adopts a policy on the application of foreign contractors for special contractors' licenses with the Philippine Contractors Accreditation Board (PCAB), regulating their licensing requirements and conditions.
CIAP is empowered under Section 2 of Philippine Decree 1746 (PD 1746) to promote, accelerate, and regulate the growth of the construction industry.
PCAB's powers and duties to evaluate and approve/disapprove contractor license applications are vested under Republic Act 4566 (RA 4566).
Foreign contractors are categorized and classified based on their global technical record and Philippine-based financial and physical resources.
Yes, foreign contractor applicants must establish a branch or subsidiary office in the Philippines for licensing purposes.
Assets must be in cash or construction-related equipment and cannot be repatriated, withdrawn, transferred, sold, or leased within the validity of the license.
A back-to-back financial guarantee from the parent company is required.
Any legal summons may be served on PCAB as if served upon the foreign contractor at its home office.
Section 5.9 of the Implementing Rules and Regulations of RA 4566 and the Revised Guidelines for Registration and Classification of Contractors.