Live Breaking News & Updates on 000 Toa Maximum Penalty Of Php1 Million

President Rodrigo Duterte (PCOO) MANILA - President Rodrigo Duterte has signed Republic Act (RA) 11711 amending the existing Contractors' License Law to modify the renewal process, increase fees, and impose stiffer penalties. Under the new law inked on April 27 and which amended RA 4566, any contractor who undertakes a construction work without first securing a license to engage in the business of contracting will face a minimum fine of PHP100,000 to a maximum fine of PHP500,000, plus the equivalent of one-tenth of 0.1 percent of the project cost. The offending party will also be prohibited from obtaining a contractor's license for one year. Any person who will provide false evidence to obtain a license certificate will be slapped with a minimum penalty of PHP500,000 to a maximum penalty of PHP1 million, as well as prison term for a minimum of one year to a maximum of six years. RA 4566 merely imposed a fine of not less than PHP500 but not more than PHP5,000 to violators. The n ....

Rodrigo Duterte , Republic Act , Contractor License Law , Official Gazette , President Rodrigo Duterte Pcoo Manila Has Signed Republic Act Ra 11711 Amending The Existing Contractors 39 License Law To Modify Renewal Process , Increase Fees , Nd Impose Stiffer Penalties Under The New Law Inked On April 27 And Which Amended Ra 4566 , Ny Contractor Who Undertakesa Construction Work Without First Securinga License To Engage In The Business Of Contracting Will Facea Minimum Fine Php100 , 000 Toa Maximum Fine Of Php500 , Lus The Equivalent Of One Tenth 0 1 Percent Project Cost Offending Party Will Also Be Prohibited From Obtaininga Contractor 39s License For Year Any Person Who Provide False Evidence To Obtaina Certificate Slapped Witha Minimum Penalty Php500 , 000 Toa Maximum Penalty Of Php1 Million , S Well As Prison Term Fora Minimum Of One Year Toa Maximum Six Years Ra 4566 Merely Imposeda Fine Not Less Than Php500 But More Php5 , 000 To Violators The New Law Also Raises Fees Prescribed By From Php50 Php5 , 000 For An Original License , Rom Php60 To Php6 , 000 For The Examination Of An Applicant , Nd From Php50 To Php5 , 000 For Annual Renewal Quot The Board Of Examiners Is Authorized To Collect , Etain And Utilize Or Apply All Fees , Nd Other Charges Collected By It Under This Act To Augment Its Accreditation And Licensing Operations , He Provisions Of Any Law To The Contrary Notwithstanding , Uot Ra 11711 Read The Board , N Consultation With Its Stakeholders , S Authorized To Adjust The Fees Not More Than Once Every Three Years , Ut In No Case Shall The Fees Be Adjusted Or Increased By More Than 15 Percent Issued License Will Valid For One Year Contractor Has Been Operation Good Standing 25 Years , T May Renew Its License Every Three Yearsa Contractor Operating In Good Standing For 10 Years But Not More Than 25 Two Quot Applications And All Other Requirements Renewal Be Filed With The Board Or Designated Agencies ,