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- Overseas Contractors Registration
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What are the basic criteria for registration for overseas construction operations?
For Construction Companies
A. Must possess an appropriate and current Philippine Contractors Accreditation Board (PCAB) license with at least a:
Category AA and classification of general engineering and general building for those applying as a general construction contractor
Category A and a classification relevant to the specialization being applied for those applying as a specialty contractor
Category A for those applying as service contractor
B. One of the key technical staff must have been employed with the company for not less than one year at the time of the filing of the application
C. It must have at least five years of continuous actual operation as a licensed construction contractor.
D. It must have successfully completed during the immediate five years the following type/s and size/s of projects:
E. At least one general engineering/building project costing not less than P10,000,000 for general construction contractor
F. At least one project falling within its field/s of specialization costing not less than P5,000,000 for specialty contractor
G. A construction company applying for registration as a service contractor must have substantial experience overseas as a labor sub-contractor or manpower service contractor and have remitted substantial amount of foreign exchange remittances
For specialized consultancy groups
A. Minimum paid-up capital and networth of P250,000
B. At least three permanently employed staff with appropriate degrees and professional training along the line of consultancy services offered by the company and with an aggregate experience of 25 man-years. One of the staff must have been actively engaged in the practice of his profession for at least 10 years. One of the key technical staff must have been employed with the company for not less than one year at the time of filing of the application.
C. The applicant must submit proof that the above-mentioned members of the staff possess the required experience and are permanently employed by the company.
D. It must have at least five years of continuous actual operation as a specialized consultant counted from the date of the firm's earliest contract.
E. It must have successfully completed during the immediate past five years at least one consultancy project costing not less P1,000,000.