Subcontract Base Value: ₱2,141,375.00 • Already Paid by Kingsrock: ₱750,000.00 (35.02%) • Current Subcon Billing Request: 30.00% (₱642,412.50). Release is strictly synchronized to the exact cumulative percentage released by the Client to Kingsrock.
Coreteqtura Construction Services
Assigned Site: Niji & Co - Bakes & Coffee (113 GF, RBCC Bldg, Roxas Blvd, Baclaran Pasay City)
SOW Schedule & Project Deadline Timeline
Commenced Sept 28, 2026 • Subcontract Target: Oct 20, 2026 • Master Gantt Turn-Over Deadline: Oct 31, 2026📋 Pending Tasks to Do
📅 Next Milestone Schedule
Subcontractor Milestones
- 1. Excavation & Backfilling Passed (100%)
- 2. Foundation Pouring Passed (100%)
- 3. Column Reinforcements In Progress (85%)
- 4. Slab Formworks & Cast Pending (0%)
| Ledger Item / Release Stage | % of Contract | Subcon Amount | Release Status / Rule |
|---|---|---|---|
| Executed Subcontract Base Value Quote Q-CCS-1-08032026 (Tiling & Board-Up Included) |
100.00% | ₱2,141,375.00 | Locked Baseline |
| Already Paid by Kingsrock to Coreteqtura 30.00% DP (₱642,412.50) + 5.02% Advance Over-Release (+₱107,587.50) |
35.02% | ₱750,000.00 | Already Paid |
| Coreteqtura 30% Progress Billing 01 (Gross Request) 30.00% × ₱2,141,375.00 Subcontract Base |
30.00% | ₱642,412.50 | Billed (30%) |
| Proportional Release @ 30% Client Release (DP Only) 30% Entitlement (₱642,412.50) vs. ₱750,000.00 Paid (+₱107,587.50 ahead) |
30.00% Cap | ₱0.00 | Hold until Client +30% |
| Exact Net Release @ 60% Client Release (DP + 30% Billing 01) 60% Cap (₱1,284,825.00) less Already Paid (-₱750,000.00) = Exact 60% Parity |
+24.98% (60% Total) | ₱534,825.00 | Release on 60% Sync |
| Description / Date | Amount | Status | Action / Memo |
|---|
STANDARD CONSTRUCTION SUBCONTRACT
TX-ID: #E-SHIELD-991A-F8021. Parties to the Agreement
This agreement is entered into by and between the General Contractor, Kingsrock Construction, and the Subcontractor, SlabMasters Concrete Inc., for the construction services outlined herein.
2. Scope of Work (SOW)
The Subcontractor agrees to furnish all labor, materials, equipment, and services required to execute the following work scopes:
3. Contract Value & Financial Terms
4. Schedule & Due Dates
All works defined under the Scope of Work must be completed on or before the target due date: September 30, 2026. Failure to complete works by this date triggers the penalty clause.
5. Penalties for Delays & Liquidated Damages
A liquidated penalty rate of 0.1% of the base contract value (equal to ₱450) shall be deducted for each calendar day of delay past the due date.
6. General Clauses & Agreements
[CLAUSE_A - WARRANTY]: The subcontractor warrants all workmanship and structural integrity of concrete pours, finishes, and framing for a period of one (1) full year post site supervisor sign-off.
[CLAUSE_B - LIABILTIY WAIVER]: Subcontractor explicitly waives any legal liability claims against the General Contractor for injuries occurring outside geofenced zones or due to negligence on safety gear compliance.
[CLAUSE_C - RESOLUTION]: Any disputes relating to this agreement shall be settled through arbitration under the jurisdiction of Cainta, Rizal / Metro Manila courts.
| Event Action | Logged Time | Reference Device | Details / Notes |
|---|---|---|---|
| No attendance logged for today. | |||
| Subject / Date | Severity | Status | Resolution Memo |
|---|---|---|---|
| No concerns submitted. | |||
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