SECOND DIVISION
[G.R. No. 239254. February 6, 2019.]
FIRST INTEGRATED BONDING AND INSURANCE CO., INC., petitioner, vs.JOBIN-SQM, INC., respondent.
NOTICE
Sirs/Mesdames :
Please take notice that the Court, Second Division, issued a Resolution dated 06 February 2019which reads as follows:
"G.R. No. 239254 — First Integrated Bonding and Insurance Co., Inc. versus Jobin-SQM, Inc.
After reviewing the instant Petition and its annexes, inclusive of the assailed Joint Decision 1 dated May 11, 2018 issued by the Court of Appeals (CA) in CA-G.R. SP Nos. 150101 and 150170, the Court resolves to DENY the instant Petition for failure of petitioner First Integrated Bonding and Insurance Co., Inc. (petitioner) to sufficiently show that the CA committed any reversible error that warrants the exercise of the Court's discretionary appellate jurisdiction.
First and foremost, as often held by the Court, factual findings of the Construction Industry Arbitration Commission (CIAC), which has acquired expertise in settling disputes relating to the construction industry because its jurisdiction is confined to specific matters, are accorded not only respect but even finality if they are supported by substantial evidence. 2 In any case, after a judicious review of the instant case, the Court finds that there is no cogent reason to reverse the CIAC Arbitral Tribunal's and the CA's findings that petitioner should be held liable under its Performance Bond dated October 16, 2015.
Therefore, for the foregoing reasons, the Court of Appeals' Joint Decision dated May 11, 2018 in CA-G.R. SP Nos. 150101 and 150170 is AFFIRMED. CAIHTE
SO ORDERED. (REYES, J., JR., J., on wellness leave; HERNANDO, J., designated additional Member per S.O. No. 2630 dated December 18, 2018)"
Very truly yours,
MARIA LOURDES C. PERFECTODivision Clerk of CourtBy:
(SGD.) TERESITA AQUINO TUAZONDeputy Division Clerk of Court
Footnotes
1.Rollo (Vol. I), pp. 50-93. Penned by Associate Justice Mariflor P. Punzalan Castillo, with Maria Elisa Sempio Diy and Henri Jean Paul B. Inting concurring.
2. See Werr Corporation International v. Highlands Prime, Inc., 805 Phil. 415, 432 (2017).