In an interview with dwPM, Binay said she could not understand how Escudero and new Senate accounts committee chair Alan Peter Cayetano came up with the price tag, when only two phases of the project are ongoing.
“That is a wrong figure. Where did they get that figure? I wanted to ask Sen. Alan about his computations. Because as far as I’m concerned, only P10 billion was bid out,” she said.
Binay was referring to the two phases of the project – the first for the “core and shell” of the building, and the second for its finishing.
The first phase for the “core and shell” of the building is worth P8.067 billion, which includes the engineering, plumbing, as well as earth, electrical and concrete works, according to a contract between the Department of Public Works and Highways and Hilmarc’s Construction Corp. uploaded on the DPWH website.
The second phase worth P2.375 billion is for the finishing, such as doorways, windows and tiles, according to the second contract with Hilmarc’s also uploaded in the DPWH website.
Among the most expensive items are granite tiles, which cost P43,996.59 per square meter; as well as wood tiles, with the cheapest at P10,442.84 per square meter (laminated wood tile in matte finish) and the most expensive at P75,166.7 (laminated wood tile sand oak) per square meter, according to the contract.
The second phase also included the Senate electrical works for its audiovisual, broadcasting and security management systems.
Binay said the third phase is projected to reach P10 billion, but this has yet to be bid out.
Esta historia es de la edición June 15, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 15, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
GCash offers P300 and below loans
E-wallet leader GCash is stepping up its credit program with the launch of nano loans, lending as low as P100 for low-income users in need of immediate cash to cater to their basic needs.
Group warns gov't against amending SIM registration law
An advocacy group championing consumer rights has cautioned the government against amending the SIM registration law, saying that the proposal to limit SIM ownership will mean nothing if law enforcement remains weak and incapable of going after fraudsters.
Gov't, CAMPI partner for smoother entry of motor vehicle parts
The Board of Investments (BOI) and Bureau of Customs-Manila International Container Port (BOCMICP) have teamed up with the country's group of vehicle assemblers to enhance customs procedures for the importation of motor vehicle parts.
Infra, innovation vital to economic growth - NEDA
Investments in infrastructure and innovation are key to enhancing the country's resilience against climate shocks and achieving sustainable economic growth, according to the National Economic and Development Authority (NEDA).
DFNN to raise add'l capital through private placements
Listed DFNN Inc.is raising additional capital through private placements to fund its expansion and settle financial obligations.
State agencies post better spending rate in 8 months
The government ramped up the releases of cash allocations, with state agencies remaining in a higher spending mode from January to August compared to a year agp.
Haus Talk buys P1 B property for mixed-use project
Property developer Haus Talk Inc.(HTI) is acquiring a P1-billion property in Rizal for its first mixed-use development project.
ACEN on track to complete wind farm in Laos
Ayala-led ACEN Corp.is making significant strides.in the construction of the 600-megawatt (MW) Monsoon Wind project in Laos, which is set to become one of the largest wind farms in Southeast Asia.
ALI raises P2.7 B from sale of AREIT shares
Property giant Ayala Land Inc. (ALI) has raised P2.72 billion from a fresh round of block sale of shares of AREIT Inc.
Motorcycle firms join fight vs counterfeiting
The Motorcycle Development Program Participants Association Inc.