In consideration of the appeal of various surety and insurance companies to reduce the minimum paid-up capital requirement of Five Hundred Million Pesos (P500,000,000.00) for accreditation of surety and insurance companies and to encourage accreditation of more companies with less than P500.00 Million paid-up capital but are found refutable based on their track records, the minimum paid-up capital requirements is hereby reduced from P500.00 Million to P100.00 Million with the following categories on the limit of participation depending on the cost of the project/s to be insured:

			COST OF PROJECT
PAID-UP CAPITAL	BID SECURITY	PERFORMANCE SECURITY	SURETY BOND		CARI	WARRANTY BOND
			ADVANCED PAYMENT	RETENTION MONEY
100 < 200M	No Limit	< 100.00 M	< 100.00 M	< 100.00 M	< 100.00 M	< 100.00 M
200 < 300M	No Limit	< 200.00 M	< 200.00 M	< 200.00 M	< 200.00 M	< 200.00 M
300 < 400M	No Limit	< 300.00 M	< 300.00 M	< 300.00 M	< 300.00 M	< 300.00 M
400 < 500M	No Limit	< 400.00 M	< 400.00 M	< 400.00 M	< 400.00 M	< 400.00 M
500M & above	No Limit	No Limit	No Limit	No Limit	No Limit	No Limit

This Order shall take effect immediately.

Adopted: 5 June 2009

(SGD.) HERMOGENES E. EBDANE, JR.
Secretary