Flavio K - Macasaet & Associates, Inc. vs. Com. On Audit 173 SCRA 352, May 12, 1989
Flavio K - Macasaet & Associates, Inc. vs. Com. On Audit 173 SCRA 352, May 12, 1989
Flavio K - Macasaet & Associates, Inc. vs. Com. On Audit 173 SCRA 352, May 12, 1989
MELENCIO-HERRERA, J.:
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* EN BANC
1 Section 7 . x x x Unless otherwise provided by this Constitution or by
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“1. Upon the execution of the Agreement but not more than fifteen
(15) days, a minimum payment equivalent to 10 percent of the
professional fee as provided in Art. IV computed upon a
reasonable estimated construction cost of the project.
“2. Upon the completion of the schematic design services, but
not more than 15 days after the submission of the schematic
design to the Authority, a sum equivalent to 15% of the
professional fee as stated in Art. IV computed upon the reasonable
estimated construction cost of the project.
“3. Upon completion of the design development services, but
not more than 15 days after submission of the design development
to the authority, a sum equivalent to 20% of the professional fee
as stated in Art. IV, computed upon the reasonable estimated
construction cost.
“4. Upon completion of the contract document services but not
more than 15 days after submission of the contract document to
the Authority, a sum equivalent to 25% of the professional fee as
stated in Art. IV, shall be paid computed on the same basis as
above.
“5. Upon completion of the work and acceptance thereof by the
Authority, the balance of the professional fee, computed on the
final actual project cost shall be paid.” (Italics supplied)
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