G.R. No. 179732 - DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS, VS. CMC/MONARK/PACIFIC/HI-TRI JOINT VENTURE.DECISION - Supreme Court E-Library

Ruling

WHEREFORE, premises considered and in view of the resolution of the issues presented, an Award is hereby rendered ordering the Respondent DPWH to pay the Claimant the following: 1. Foreign Component of US$358,227.95 plus legal interest of US$18,313.79; 2. Equipment and Plant Losses of P5,080,000, plus legal interest of P464,298.08; 3. Additional Costs resulting from the Bombing of P6,267,410.48 plus legal interest of P320,410.63, and 4. Additional Costs in the contract price under Clause 69.4 of P20,311,072.66 plus legal interest of [P]1,038,368.78. The claim of Claimant for adjustment under [Presidential Decree No.] 1594 of P18,626,805.81 is hereby denied. Pursuant to the case of Eastern Shipping Lines vs. Court of Appeals, 234 SCRA 78, the foregoing monetary awards shall earn interest at the rate of 12% per annum from the date the Award becomes final and executor until its satisfaction. SO ORDERED.