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(NAR) VOL. 18 NO. 4/OCTOBER - DECEMBER 2007

[ PPA ADMINISTRATIVE ORDER NO. 04-2007, October 26, 2007 ]

ADDITIONAL TABLE OF PERFORMANCE BOND FOR CARGO HANDLING CONTRACTS/PERMITS



For purposes of prescribing the Performance Bond for Cargo Handling Operators (CHOs) with annual gross revenues of more than P300 Million, Annex “B” of PPA Administrative Order No. 13-96 dated 12 September 1996 entitled Performance Standards and Rating System for Cargo Handling Contractors (PSRS) is hereby amended to include therein the required performance bond to be imposed on said CHOs, which shall be as follows:

Cargo Handling Gross Revenue (PHP)
Amount of Performance Bond (PHP)
300,000,001 - 325,000,000
6,500,000
325,000,001 - 350,000,000
7,000,000
350,000,001 - 375,000,000
7,500,000
375,000,001 - 400,000,000
8,000,000
400,000,001 - 425,000,000
8,500,000
425,000,001 - 450,000,000
9,000,000
450,000,001 - 475,000,000
9,500,000
475,000,001 - 500,000,000
10,000,000
500,000,001 - 525,000,000
10,500,000
525,000,001 - 550,000,000
11,000,000
550,000,001 - 575,000,000
11,500,000
575,000,001 - 600,000,000
12,000,000
600,000,001 - 625,000,000
12,500,000
625,000,001 - 650,000,000
13,000,000
650,000,001 - 675,000,000
13,500,000
675,000,001 - 700,000,000
14,000,000
700,000,001 - 725,000,000
14,500,000
725,000,001 - 750,000,000
15,000,000
750,000,001 - 775,000,000
15,500,000
775,000,001 - 800,000,000
16,000,000

For a cargo handling contractor/operator with annual gross revenues above PHP800 Million, the Performance Bond shall be a uniform rate of PHP20 Million to be secured from GSIS and without need for PPA Board approval.

This Order shall take effect fifteen (15) days after publication in a newspaper of general circulation.

For guidance and strict compliance.

Adopted: 26 Oct. 2007

(SGD.) ATTY. OSCAR M. SEVILLA
General Manager
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