THE Commission on Audit (CoA) denied the petition for money claim of Primewater Infrastructure Corp., against state-run Jaen Water District (JWD) for the payment of about P24.2 million due to “lack of proper documentation.”
It said the claim could not be “properly adjudicated” by this commission in the absence of documentation for the supposed implementation of the parties’ memorandum of agreement (MoA).
It said the petition lacks the necessary documents to substantiate Primewater’s allegation that the MoA was executed for the purpose of reconciling and settling the accounts of all amounts collected or expenses pursuant to the JVA (joint venture agreement).
“There is nothing in records that show how the parties came up with the amount of P24,200,405.24,” the COA said in its decision dated Jan. 27.
JWD entered into a joint venture with Primewater for the “financing, development, rehabilitation, expansion, improvement, operation, and maintenance of the water supply and septage management system” in Jaen, Nueva Ecija. — Genshen L. Espedido