Professional Documents
Culture Documents
RE DEVELOPERS
REQUIREMENTS/CRITERIA
Pre-Development Development / Commercial Operation/ Production
General Provisions
Individual/ group/ company formed and registered Individual/ group/ company formed and registered in accordance with
in the Philippines* Philippine laws
Who May Apply
Technically and financially capable Technically and financially capable
Letter of intent/ application Letter of intent/ application
Content of the Application Proof of technical, financial capability Proof of technical, financial capability
Area of interest/ project Declaration of commerciality
Legal
Documents to Accompany Application SEC Registration Permits /certifications/agreements: (NWRB, NCIP, DENR, ESA, others)
By-Laws and Articles of Incorporation stating the LGU Endorsements or Support Agreement, i.e. Brgy-Municipal-
purpose of the company Provincial Level
Company Profile and track record
Work Program of construction and development with financial
Parent / Subsidiary / Affiliates (if applicable);
commitment
Business Permit; List of (appropriate) equipment tools, etc. (available and for
procurement)
Technical
Project technical Profile including vicinity maps and Completed feasibility study and/or detailed engineering design
coordinates of major components (i.e. weir, forebay,
powerhouse, etc.)
Financial
Audited Financial Statement for the last two (2) Bank Certification (proof of financial closing)
years and unaudited Financial Statement if the filing
date is three (3) months beyond the date of the
submitted Audited Financial Statement;
Bank certification to substantiate the cash balance Audited Financial Statement (Latest)
(exact amount in words and numbers);
Projected cash flow statement for (2) years; Projected cash flow statement for construction period;
Processing Period Maximum 60 calendar days provided that Maximum 60 calendar days provided that submissions must be
submissions must be complete complete
Granting of License or Authority and Execution of Service Contract
2 years (maximum)
Extendible for 1 more year, except for application
Effectivity/ Duration for geothermal energy which could be extended for 25 years, 50 years maximum
5 years
Grounds for Revocation Non-compliance with the provisions of the pre- Non-compliance with the provisions of the development service
development service contract contract