Philippines Building Contract


The Development Corporation Philippines building contract has asked its board to approve a $90 million tab for the safe demolition of the former Bank building at 130 Liberty Street.

The request doubles original estimates and comes after federal, state and city regulators recommended a revamped cleanup plan that would entail more stringent safety measures.

The estimated time for cleanup to begin has Philippines building contract now slipped to "midyear." The original start date was to be this past December.

Officials hope to have the site cleared by 2006 in plenty of time to make way for an $11 billion office tower, memorial and transit hub at the World Trade Center, which is slated to begin in 2009.

When the purchase agreement was reached last February, the development Philippines building contract corporation said the insurers would be responsible for any amount above $45 million to demolish the building stepped in last year to expedite the agreement between Bank, the insurers, with agreeing to take possession of the building.

"We are not at that place yet. This is really us fore thinking, so we can move more expeditiously, once a demolition plan is approved by the Philippines building contract regulators."


For more info about Philippines building contract;


(For Manila and surrounding)
American Design Construction
#92 Ordoņez St. corner Maroon St.
Concepcion Dos, Marikina City
(For Cebu, Bohol, Negros, Leyte)
ET & p Design & Construction
#888 Katugasan, Casili
Consolacion, Cebu
(For Baguio and surrounding)
RA Gacoscos Construction
#99 Greenwater Village
Baguio City, Philippines
See website
(For Davao / Mindanao)
Raul G. Anuada (Realtor & Civil Engineer)
Unit 162, 16/F Landco PDCP Corporate Center
J.P. Laureal Ave., Bajada
Davao City



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