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Baylen Corp., etal vs. Court of Appeals, etal.

BAYLEN CORPORATION, REYNALDO M. REYES, EDNA L. REYES and EMMANUEL I. ASTILLERO, petitioners, vs. HON. COURT OF APPEALS (14th Division) and JOSE RIZAL COLLEGE, respondents.

G.R. No. 76787 | 1987-12-14

D E C I S I O N


FELICIANO, J.:

In anticipation of an increase in student enrollment for the academic year 1970-1971, respondent Jose Rizal College, sometime in August of 1969, issued invitations to bid for the construction of a five-storey school building (Building H, Phase II) within the College's compound in Mandaluyong, Metro Manila. Of the four bids submitted, respondent College accepted that of petitioner Baylen Corporation (hereafter "Baylen") which, for the amount of P1,196,000.00, proposed to complete the project within a period of two hundred (200) working days.

On 16 September 1969, prior to the execution of a formal written...