G.R. No. 180824 - URBAN CONSOLIDATED CONSTRUCTORS PHILIPPINES, INC., VS. THE INSULAR LIFE ASSURANCE CO., INC..D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, premises considered judgment is hereby rendered in favor of plaintiff Urban Consolidated Constructors Phils., Inc. and as against defendant, Insular Life Assurance Co., Ltd., ordering the latter to pay the former the following actual damages: [a.] P4,000,000.00 as amount representing the excess construction costs; [b.] P1,454,799.90 representing the unpaid construction costs of all completed change orders; [c.] P2,134,908.80 representing the amount for over-due and unpaid retention money; [d.] P500,000.00 as the amount representing opportunity losses; and [e.] P100,000.00 as reasonable attorney's fees. Cost against defendant. SO ORDERED.