Common use of CONSTRUCTION AND RELATED ENGINEERING SERVICES Clause in Contracts

CONSTRUCTION AND RELATED ENGINEERING SERVICES. Constructions for mining and manufacturing (5136**) Construction for large-scale mining development projects covered by Financial and Technical Assistance Agreements (FTAA) 1) Unbound* 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. 1) Unbound* 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 proprietorships 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 Sector/subsector Limitations on Market Access Limitations on National Treatment Additional Commitments 4) Unbound License may be given to foreign companies on a project-to-project basis. 4) Unbound

CONSTRUCTION AND RELATED ENGINEERING SERVICES. Constructions for mining and manufacturing (5136**) Construction for large-scale mining development projects covered by Financial and Technical Assistance Agreements (FTAA) 1) Unbound* 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. 1) Unbound Unbound* 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 proprietorships 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 Sector/subsector Limitations on Market Access Limitations on National Treatment Additional Commitments 4) Unbound License may be given to foreign companies on a project-to-project basis. 4) Unbound