CONSTRUCTION AND ENGINEERING SERVICES. Constructions for Mining and 1) Unbound* 1) Unbound* Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Commercial presence Manufacturing (5136**) Construction for large-scale mining development projects covered by Financial and Technical Assistance Agreements (FTAA) 2) None 3) Up to 100 percent foreign equity participation is allowed, provided that the requirements of the FTAA under the Philippine Mining Act (RA 7942) are met. However, a Special Contractor’s License is required to undertake construction activities. Commercial presence is required. 2) None 3) A Contractor’s License (Regular or Special) issued by the PCAB is required to undertake construction activities. The Regular Contractor’s License is reserved for, and issued only to, Filipino sole proprietors or partnerships/corporations with at least 60 Filipino equity and duly organized and existing under and by virtue of Philippine laws. A Special Contractor’s License may be given to foreign companies on a project-to-project basis.
Appears in 5 contracts
Samples: Asean–australia–new Zealand Free Trade Area Agreement, Asean–australia–new Zealand Free Trade Area Agreement, Asean–australia–new Zealand Free Trade Area Agreement
