PCAB License 100K PENALTY ❗❓
Hello Contractors and Builders! , making this blog for awareness purposes.
Republic Act no.11711 as of April 27, 2022 is being implemented now by PCAB Office in Makati. This R.A. states the penalty for contractors operating and contracting without a PCAB license.
R.A no. 11711 states :
"Any contractor who, for price, commission, fee or wage, submits or attempts to submit a bid to construct, or contracts to undertakes to constructs, or assumes charge in supervisory capacity of a construction work within the purview of this Act, without first securing a license to engage in the business of contracting in the Philippines shall be penalized with a fine of not less than One Hundred thousand pesos (Php100,000) but not more than Five hundred thousand pesos (Php500,000) plus the equivalent of one-tenth of one percent (1%) of the project cost. Furthermore, the offending party shall be prohibited from obtaining a contractor's license for a period of one (1) year from the time that party is found guilty under this provision".
"IGNORANCE of the LAW excuses no one" - If your a contractor now but have no PCAB License yet, the best thing you can do is to apply now and be ready for the penalty expenses of Php100,000.
Sometimes we think this is a stiff fine but try to think that PCAB office was campaigning for contractors to get a PCAB license even before the pandemic and many was not able to comply.
See below proof of PCAB email to a contractor that applied for a PCAB License and already submitted the documents and about to have the license release but must pay Php110,000
to get his PCAB License.
With the law being implemented, we need to comply and follow.
If your a contractor struggling to get your own PCAB License application here's the two ways you can do:
STUDY the requirements of PCAB license carefully and read a lot of blogs or comments so you can approach your application with caution to avoid denial or getting a low category.
Get the services of a CONSULTANCY office expert in this field to avoid mistakes and lower your cost of application. (Hire us --- Triple A Consultancy Firm)
There's no work around on this Republic Act if you already operated and have income stated in your current AFS and ITR. So be ready with the penalty.
The good news is when you have your PCAB License, then you can have bigger projects opportunities for you and your company.
If your interested to acquire our expertise on pcab documentation, you may reach us thru these cell nos. 0906-2341550 Globe (Main Office) / 09021-5495991 Smart (Sales Dept)
0905-4038504 Globe Cebu Office
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