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TIEZA vs. Global-V

TOURISM INFRASTRUCTURE AND ENTERPRISE ZONE AUTHORITY, PETITIONER, VS. GLOBAL-V BUILDERS CO., RESPONDENT.

G.R. No. 219708 | 2018-10-03

DECISION
 
PERALTA, J.:
 
This is a petition for review on certiorari, under Rule 45 of the Rules of Court, of the Amended Decision[1] of the Court of Appeals in CA-G.R. SP No. 131024, dated April 6, 2015, and its Resolution,[2] dated July 22, 2015, affirming the Final Award[3] dated July 16, 2013 of the Arbitral Tribunal that was constituted by the Construction Industry Arbitration Commission (CIAC).

The facts are as follows:

In 2007 and 2008, the Philippine Tourism Authority (PTA) entered into five Memoranda of Agreement (MOA) with respondent Global-V Builders Co. (Global-V). The Memoranda of Agreement are as follows:
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