Cadiz, Dynamic Builders Ink Pact for City Eco-Center
The City Government of Cadiz City and the Dynamic Builders and Construction Co., (Philippines)
Inc. signed a Joint Venture Agreement for the development of the Cadiz City Economic Center
last Feb. 20.
The 10 pages agreement signed by Mayor Salvador Escalante Jr. and Ricardo V. Yanson Jr.,
president of Dynamic Builder and Construction Co. Phil. Inc. authorizes the Dynamic Builders
to develop the 36 hectares of land in the reclamation site into a commercial and industrial
area within the period of three years. The construction and development of the property shall
be entirely funded by the developer.
The project also includes the construction and installation of basic facilities and amenities
such as roads, sidewalks, drainage system, water supply facilities, fire hydrants, electric
power facilities, street lightings, street signs, garage receptacle cans, public toilets, art....
landmarks and the board walk facility.
Escalante, who was given the full authority by the Sangguniang Panglungsod to represent and
bind the city through an SP resolution No. 2006-30, said in order to be more transparent the city
had published an Invitation to Submit Proposal to a joint venture agreement of Cadiz Economic
Center on Oct. 15 & 22 in the newspaper.
There were five companies responded, four of them came from Mahila and one from Negros island.
Dynamic has the best offer, the mayor said.
"These were the results of the sP resolutions which was first to publish, then concurred the
award and authorizing me to sign the joint venture agreement and lastly to approve the
supplemental agreement which will state the phases of construction," the mayor added.
Dynamic Builders and Construction Co. (Phils) Inc., is a general construction company and
the only Triple A engineering company in the Negros Occidental. It has constructed various
projects in Bacolod City.
Yanson thanked Mayor Escalante and local officials of Cadiz for giving him the opportunity
to do business and to have a joint venture in the city.
"I hope this will be an eye opener to all LGU's in Negros and rests assure that this will be
a showcase not oonly for Cadiz but also for the whole province," he said.
Witnesses during the signing were councilors Dr. Ramon Nemenzo, Henry Porter, Dr. Danilo
Inocencio, Samson MIrhan, Antonio Lacson III and Dr. Abiezer Bacomo, City Legal Officer
Nestor Oplas, Secretary to the Sp Rafael Bedrejo, Former councilor Tony Prado and Business
Development Consultant Jabez Alvarez.*City Information Office, Cadiz