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  • Qualification Required For The Grant of Special Contractor's License To Foreign Contractors

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    Nemesis Doggsya
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    To be granted a Special Contractor's License in the Philippines, a foreign contractor must: 1) Be a bona fide contractor in its home country. 2) Have a subsidiary or branch office registered with the Philippines Securities and Exchange Commission to conduct construction business. 3) The project requiring the license must be either foreign-financed and require international bidding, or allowed under a bilateral agreement, or be implemented under the Amended BOT Law or similar laws.

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    Qualification required for the Grant of Special Contractor's License to Foreign Contractors

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    To be granted a Special Contractor's License in the Philippines, a foreign contractor must: 1) Be a bona fide contractor in its home country. 2) Have a subsidiary or branch office registered with the Philippines Securities and Exchange Commission to conduct construction business. 3) The project requiring the license must be either foreign-financed and require international bidding, or allowed under a bilateral agreement, or be implemented under the Amended BOT Law or similar laws.

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    10 views1 page

    Qualification Required For The Grant of Special Contractor's License To Foreign Contractors

    Uploaded by

    Nemesis Doggsya
    To be granted a Special Contractor's License in the Philippines, a foreign contractor must: 1) Be a bona fide contractor in its home country. 2) Have a subsidiary or branch office registered with the Philippines Securities and Exchange Commission to conduct construction business. 3) The project requiring the license must be either foreign-financed and require international bidding, or allowed under a bilateral agreement, or be implemented under the Amended BOT Law or similar laws.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    II.

    Qualification Required for the Grant of Special Contractor’s License to Foreign


    Contractors

    1. Legal

    1.1 The foreign contractor-applicant must be a bona fide contractor in its


    home country.

    1.2 Its subsidiary or branch office must be duty registered with the Securities
    and Exchange Commission for the purpose of engaging in construction
    contracting business in the Philippines.

    1.3 The project, which is the subject of the special license application must
    either be:

    a. Foreign finance/internationally-funded and that international bidding


    is required, or the participation of foreign contractors is allowed under
    the terms and conditions of the Bilateral Agreement entered into by
    and between the Philippine Government and the Foreign/
    International Financing institution; or

    b. To be implemented in accordance with the Amended BOT Law or RA


    #7718 and other projects of similar nature.

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