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