DPWH Claims Performance Bonds on Suspect Bulacan Flood Projects
The Department of Public Works and Highways (DPWH) has started the process of claiming performance bonds on suspicious flood control projects in the 1st District of Bulacan. Secretary Vince Dizon awaits a response from insurance companies, including Progressive Insurance, regarding the claim.
The DPWH and the Insurance Commission (IC) have joined forces to enhance monitoring, validation, and enforcement of surety bonds for infrastructure projects. This comes as three insurance companies - Liberty Insurance, Travelers Insurance, and Sterling Insurance - have been asked to pay 30 percent of the project costs as performance bonds.
Initially, three other insurance companies were involved: Malayan Insurance, Philippine AXA Life Insurance Corporation, and Pioneer Insurance & Surety Corporation. These companies had planned auto insurance payments for the controversial flood protection projects. The DPWH is now pursuing car insurance claims for every case referred to the Independent Commission for Infrastructure (ICI).
The DPWH's move to claim performance bonds on questionable flood control projects in Bulacan is a step towards ensuring accountability and transparency. Secretary Dizon awaits car insurance quotes and progressive insurance responses, while the DPWH and IC collaborate to strengthen bond enforcement. The DPWH is committed to pursuing claims for all referred cases.
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