PORO POINT MANAGEMENT CORPORATION

AS OF August 1, 2022

Payment Certificate No. 02

Date: July 27, 2023

Contract Name : Construction of Additional Drainage at the San Fernando Airport

Contract Location : San Fernando Airport, Mayor Lorenzo L. Dacanay Avenue, Canaoay,
2500 City of San Fernando, La Union, Philippines
Contractor : JJJ-A Construction and Supplies
Contract Cost @
Completion : PHP 6,793,406.94

1.' Original Contract Amount : PHP 6,793,406.94

2.' Total Value of work previously : PHP 5,133,515.32
3.' Total Value of work this billing : PHP 1,659,891.62
4.' Deductions:
A." Recoupment of Advance Payment : PHP 249,777.54
B." 10% Retention : PHP 165,989.16
C." 5% VAT : PHP 62,951.52 0.0425
D." 2% EWT : PHP 25,180.61
Total Deductions : PHP 503,898.83

5.' Amount Approved for Payment (3 - 4) : PHP 1,155,992.79

Scheduled Progress : 100.00%

Actual Physical Progress : 100.00%
Physical Slippage (-) or (+) : 0.00%
Contract Expiry Date : 05 March 2022, Saturday

6.' I hereby certify that the attached statement of work is correct and just and does not include
items and/or portions thereof for which payment has already been received. With regard to
items covering advance payment for materials the said materials are on the site and properly
protected.

JOHNSON P. ISICAN
General Manager

7.' I hereby certify that the materials incorporated in this monthly certificate of payment have
been verified and tested in accordance with specifications. I hereby certify that the quality of
work approved for payment in the attached statement has been accomplished, that the
quantities including materials brought to site but not incorporated in the works and consistent
will all previous consistent with the requirement of the correct.

Approved for Payment:

ATTY. FELIX S. RACADIO

President & CEO