APPROVING ADDITIONAL RANGES AND BASE AMOUNTS FOR ARBITRATORS’ FEES

WHEREAS, the CIAC Table of Fees provides, among others, for the
following Sum in Dispute (SID) ranges and base amounts for determining
Arbitrators’ Fees:

SUM IN DISPUTE (SID)	BASE AMOUNT (for arbitrator’s fees)
< P 1 Million	2% of SID
over 1M – 5.0 M	P20,000.00 +1.00% in excess of 1.0M
over 5M – 10.0M	60,000.00 + 0.75% in excess of 5.0M
over 10M – 20.0M	97,500.00 + 0.50% in excess of 10.0M
over 20M – 50.0M	147,500.00 + 0.20% in excess of 20.0M
over 50M – 100.0M	207,500.00 + 0.10% in excess of 50.0M
over 100M	257,500.00 + 0.05% in excess of 100.0M

WHEREAS, in the 99th CIAC Regular Meeting held on 26 July 2007, the
Commission discussed the revisions to the CIAC Table of Fees proposed
by the Philippine Institute of Construction Arbitrators and Mediators,
Inc. (PICAM) providing for, among others, additional base amounts for
the following ranges of the Sum in Dispute (SID);

Over 100M – 1 Billion	257,500.00 + 0.05% in excess of 100.0M
above 1 Billion	707,500.00 + 0.025% in excess of 1 Billion

WHEREAS, the Commission deferred action on the said proposal and
referred the same back to the PICAM Committee on Fees for a breakdown of
the proposed SID range of over 100M – 1 Billion to provide for SID
ranges of over P100M-500M, and over P500M – 1 Billion;

WHEREAS, in compliance with the above directive, the following
additions to the base amounts for arbitrators’ fees proposed by the
PICAM Committee on Fees were presented to the Commission during its
108th Regular Meeting held on 30 April 2008:

SUM IN DISPUTE (SID)	BASE AMOUNT (for arbitrators’ fees)
Over 100M – 500.0M	257,500.00 + 0.05% in excess of 100.0M
Over 500M – 1 Billion	457,500.00 + 0.035% in excess of 500M
Above 1 Billion	632,500.00 + 0.025% in excess of 1 Billion;

WHEREAS, in its subsequent meetings, the Commission found that due to
the declining incremental percentages proposed, the above additional
base amounts for arbitrators’ fees would not entail any increase in
arbitrators’ fees and thus, would not require prior clearance from the
National Economic Development Authority (NEDA), pursuant to NEDA
Circular No. 01-2007 for new fees and/or increases in government
fees/charges;

WHEREAS, during its 120th Regular Meeting held on 19 May 2009, the
Commission, noting that the other PICAM proposals regarding arbitrators’
fees which were referred back to PICAM for further study would have no
further effect or implications on the above-mentioned additional SID
ranges and base amounts, posed no objections to their immediate adoption
and incorporation in the CIAC Table of Fees;

NOW, THEREFORE, WE THE UNDERSIGNED COMMISSIONERS, by virtue of the powers vested in us by law, RESOLVE, AS IT IS THUS RESOLVED,
to approve the following additional SID ranges and corresponding base
amounts for Arbitrators’ Fees for incorporation in the CIAC Table of
Fees and immediate implementation upon effectivity of this Resolution:

SUM IN DISPUTE (SID)	BASE AMOUNT (for arbitrators’ fees)
Over 100M – 500.0M	257,500.00 + 0.05% in excess of 100.0M
Over 500M – 1 Billion	457,500.00 + 0.035% in excess of 500M
Above 1 Billion	632,500.00 + 0.025% in excess of 1 Billion.

UNANIMOUSLY APPROVED.

Adopted: 19 May 2009

THE COMMISSION:

(SGD.) ISAAC S. DAVID
Acting Chairman

(SGD.) SAMSON C. LAZO
Member