FINES AND PENALTIES(SLIPPAGE ON A PROJECT)

View previous topic View next topic Go down

FINES AND PENALTIES(SLIPPAGE ON A PROJECT)

Post by WONDERING on Wed Jun 27, 2012 3:43 pm

Is it possible that fines and penalties paid by the contractor on a slippage of a certain project will be used as honoraria to BAC,TWG Members? Shocked

WONDERING
New Member
New Member

Female Number of posts : 1
Company/Agency : LGU-MACROHON
Occupation/Designation : PLAZA MANAGER
Registration date : 2012-06-27

Back to top Go down

Re: FINES AND PENALTIES(SLIPPAGE ON A PROJECT)

Post by regina avelino on Wed Jun 27, 2012 5:57 pm

I believe that fines and penalties you have written pertains to delays in the delivery of goods or delays in the completion of infra projects which the procuring entity is entitled to levy as damages for such delays/slippage. As such, this proceeds shall be used only as payment for honoraria and overtime pay to BAC and TWG Member as per BC No. 2004-5A.

regina avelino
Board General
Board General

Female Number of posts : 663
Company/Agency : gocc ncr
Occupation/Designation : staff
Registration date : 2012-02-15

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum