SCHEDULE
OF ADMINISTRATIVE FEES
(Effective
January 1, 2007)
The amount
of the Administrative Fee (AF) shall be based on the sum in dispute
(SID). The SID is the total monetary claim of the claimant
against the respondent or the amount of the respondent’s
counterclaim. The AF will be separately assessed for the
claimant
and the respondent on the basis of their respective claim or
counterclaim.
In all cases, the claimant is required to pay upon filing of its claim
a minimum fee (MF) of P20,000.00.
The SID
shall initially be determined from the pleadings of the parties and the
corresponding AF paid. The SID shall be subject to upward or
downward adjustment after the preliminary conference of the parties and
their respective counsel with the arbitrator/s appointed for the
dispute.
The AF shall be based on the following schedule:
| SID upt to P1,000,000 (1M) |
- P20,000 (MF) |
| Over 1M to 5M |
- P20,000 + 1% of amount in
excess of 1M |
| Over 5M to 10M |
- P60,000 + .5% of amount in
excess of 5M |
| Over 10M |
- P85,000 + .1% of amount in
excess of 10M,
in no case to exceed P200,000. |
The Administrative Fee covers all clerking and secretarial services
similar to that provided by a Clerk of Court.
For exceptional or unusual circumstances which will result in
additional cost or expenditure (not normally encountered), PDRCI
reserves the right to issue and assess additional administrative and/or
arbitration fees. Prior to issuance of such assessment, PDRCI
will explain the same to the parties.
ARBITRATOR/S’ FEES
The arbitrator/s fees shall be subject to agreement by the parties with
the arbitrator/s which shall be negotiated by and through PDRCI.
©
2005 by Philippine Dispute Resolution Center, Inc. (PDRCI)
Please contact
us
for further information.
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