G.R. No. 167022 - LICOMCEN INCORPORATED, VS. FOUNDATION SPECIALISTS, INC..[G.R. NO. 169678] FOUNDATION SPECIALISTS, INC., VS. LICOMCEN INCORPORATED.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE , premises considered, the petition for review on certiorari of LICOMCEN INCORPORATED, docketed as G.R. No. 167022, and the petition for review on certiorari of FOUNDATION SPECIALISTS, INC., docketed as G.R. No. 169678, are DENIED . The November 23, 2004 Decision of the Court of Appeals in CA-G.R. SP No. 78218 is MODIFIED to include the award of nominal damages in favor of FOUNDATION SPECIALISTS, INC. Thus, LICOMCEN INCORPORATED is ordered to pay FOUNDATION SPECIALISTS, INC. the following amounts: P1,264,404.12 for unpaid balance on FOUNDATION SPECIALISTS, INC. billings; P5,694,939.87 for material costs at site; and P100,000.00 for nominal damages. LICOMCEN INCORPORATED is also ordered to pay the costs of arbitration. No costs. SO ORDERED.