60 days - to make good of known defects after Doc 209 Competition Code
issuance of certificate of completion
(expiration of performance & payment bond)
Architectural- Building Code
90 days - work stoppage ordered by the court
Plumbing- National Plumbing Code
- retention (3 months after acceptance of
Electrical- Philippine Electrical Engineering
work)
Law RA185
Mechanical- Philippine Mechanical Engineering
120 days - building permit validity
Law CW294
Structural Phil Structural Code for Buildings
365 days - guarantee bond effectivity
- building permit validity if there was no
Construction
LAWS
Performance Bond- 15 % of contract amount PD 1185 Fire Code
Payment Bond- 15% of Contract amount PD 1096 Building Code
- valid until replacement of Guarantee PD 957 Condominium & Subdivision,
Bond Bridges Protective Law
Guarantee Bond- 30% of contract amount PD 23 Law that Created the PRC
- valid up to 1 yr from date of acceptance PD 49 Intellectual Property Law