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Pro Builders, Inc. vs. TG Universal Business Ventures, Inc.

PRO BUILDERS, INC., PETITIONER, VS. TG UNIVERSAL BUSINESS VENTURES, INC., RESPONDENT.

G.R. No. 194960 | 2016-02-03

 
D E C I S I O N
 
PEREZ, J.:
 
This Petition for Review on Certiorari assails the Decision[1] dated 13 October 2010 and Resolution[2] dated 16 December 2010 issued by the Court of Appeals in CA-G.R. SP No. 106407 which modified the Decision of the Arbitral Tribunal of the Construction Industry Arbitration Commission. (CIAC)

On 29 May 2007, TG Universal Business Ventures, Inc. (TG) entered into an Owner-Contractor Agreement (Agreement) with Pro Builders, Inc. (Pro Builders) for the construction of a 15-storey building at Asiatown I.T. Park in Lahug, Cebu City. In consideration of the sum of Seventy Million...