The Tamesis
August 20, 2025
Manila – Legislator Sherwin Gatchalian thinks that it is feasible to “collusion” or “corruption” in an agreement granting a federal government flooding control task to undercapitalized business.
Throughout a hearing on the Us senate Blue Bow Board on Tuesday, Gatchalian kept in mind that 5 of the 15 leading business that got billion-dollar agreements for the federal government’s flooding control program had actually paid funding listed below pesos from 2022 to 2025.
QM Contractor – P1.2 million income funding; given Flooding Control Job worth Phillipino Pesos 7.3 billion
Midway Building and Growth Company-P45 million P45 million PARE-UP funding; acquired a task of 5.1 billion
Three-way 8 Building & Supply, Inc – P900 million P900 million paid funding; won a task worth 3.9 billion pesos
Wawao Builders – p50 million P50 million paid funding; granted tasks worth 4.2 billion pesos
MG Samidan Building – P250,000 paid funding; won $5 billion well worth of tasks
read: Business furnished with P250,000 Resources Bags P5-B Flooding Control Purchase
” I imply DPWH [Department of Public Works and Highways] “Agreements have actually been approving agreements based upon PCAB (a capitalized business of the Philippine Service Provider Qualification Board),” Gatchalian stated in the Filipino.
” We require to understand precisely that accepted or granted the agreement since we intend to check out responsibility. That’s the trouble we’re mosting likely to figure out – since if the specialists do not purchase inadequate funding, after that undoubtedly the task will certainly stop working; they will certainly be required to reduce edges.”
He included: “So we intend to discover the source of why these tasks are not certified. Since the specialists are not taken advantage of sufficient, they are not certified.
Gatchalian estimated PCAB as claiming that the winning professional needs to contend the very least one billion pesos of web possessions to bid for tasks worth 450 million and above.
” I believe I believe there is some type of conspiracy theory or some type of corruption to undercapitalized specialists. That’s the factor I’m mosting likely to advance,” he stated.
For the QM home builder, Gatchalian kept in mind that according to the Stocks and Exchange Payment (SEC) documents, the business not just has 1.2 million p1.2 million p1.2 million p1.2 million repayment funding, however likewise reported no profits from 2015 to 2024.
” So, exactly how does it make certain P7.3 billion when it has never ever acquired a solitary Centavo and its capitalization is just 1.2 million p1.2 million ballots?” Gatchalian asked.
Allan Quirante, proprietor of QM Builders, made clear that the SEC documents supplied throughout the hearing might be associated with their equipment supply service, as opposed to their building and construction service.
According to him, they were at first an equipment structure products supplier in 1992, however ventured right into the building and construction service in 2003.
” One name, 2 services,” he stated in the Philippines.
Quirante likewise stated that presently, their web monetary agreement ability (NFCC) is 40 billion pesos.
” That’s why the tasks we obtain do not also comprise 10% of the tasks we obtain each year,” he stated in the Philippines.
He included that the NFCC is computed by increasing the business’s possessions by 15.
” As an example, if you have 1 billion pesos in a financial institution, you can receive 15 billion pesos. If your financial institution has 2 billion pesos, that indicates you can receive 30 billion pesos– that’s the computation.”
He included: “That’s why our cash money and possessions completed greater than P2 billion, increased by P1.5 billion. That’s why we have the capacity to register for P40 billion.”
