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Advances Foundation Construction Systems Corp vs. New World Properties etc.

ADVANCED FOUNDATION CONSTRUCTION SYSTEMS CORPORATION, Petitioner, versus NEW WORLD PROPERTIES AND VENTURES, INC., Respondent.

G.R. No. 143154 | 2006-06-21

D E C I S I O N 


CHICO-NAZARIO, J.: 

Before Us are two consolidated Petitions for Review on Certiorari under Rule 45 of the Rules of Civil Procedure assailing the Decision[1] of the Court of Appeals which affirmed with modification the Decision[2] of the Construction Industry Arbitration Commission (CIAC) awarding Advanced Foundation Construction Systems Corporation's (AFCSC) claim against New World Properties and Ventures, Inc. (New World) in the total amount of P10,700,384.00 with interest, as well as the Resolution dated 3 May 2000 denying both parties' Motion for Partial Reconsideration. 

Sometime in November 1996, New...