(NAR) VOL. 25 NO. 1 / JANUARY - MARCH 2014
WHEREAS, Section 5.6 of the Implementing Rules and Regulations (IRR) of Republic Act No. 4566 (Contractor’s License Law) provides for a grading scale for contractors from Category AAA, AA, A, B. C, D, and Trade, in descending order;
WHEREAS, to provide a more descriptive term to Category Trade, changing the same to “E” will clarify the level or category to where it belongs; and,
WHEREAS, Category “Trade” category has become the entry level for contractors with lower financial capability or contractors without a Sustaining Technical Employee (STE).
NOW, THEREFORE, based on the foregoing premises, the Board RESOLVED the following:
21 January 2014, Makati City.
So ORDERED.
(SGD) RAMON F. ALLADO
Chairman (SGD) VICTORINO BENJAMIN V. LAHOZ
Member (SGD) FAROUK M. MACARAMBON, SR.
Member Attested by: (SGD) ATTY. ANN CLAIRE C. CABOCHAN
Officer-in-Charge (SGD) ATTY. ALEJANDRIA G. GOMEZ
Board Secretary