SEC. 11. Powers and functions.-The Board shall exercise by itself or through existing agencies, the following powers and functions:
a) Receive, process and approve, on such terms and conditions it may deem necessary to promote the objectives of this Decree, applications of construction contractors for registration under this Decree, and to impose and collect reasonable fees which shall be used exclusively to meet the operating and administrative expenses of the Board and in promoting its objectives;
b) Identify, in coordination with the Department of Foreign Affairs, overseas Employment Development Board, and Department of Trade, the projects, opportunities, and the countries where construction contractors may operate;
c) Determine, with the assistance of the representative of the private construction industry and the Department of Public Works, Transportatation and Communication from among the interested construction contractors those who will be allowed to bid for overseas projects;
d) Determine from among the registrant those who will avail of and are eligible for the incentives provided by this Decree and cause the granting of the same;
e) Check, verify, and evaluate at regular intervals, through the facilities of appropriate existing agencies, the performance of construction contractors engaged in overseas projects;
f) Check and verify periodically, with the assistance of other instrumentalities of governmment, by inspection of the books or by requiring regular reports or by some other method deemed most effective, on the compliance by construction contractors with the provisions of this Decree and rules and regulations issued thereunder;
g) Authorize, upon recommendation of the Department of Trade, the exportation of construction materials and equipment, subject to existing rules on exporatation;
h) After due notice and hearing, cancel the registration of, or suspend or cancel, or cause the suspewnsion or cancellation, wholly or partly, of the enjoyment of incentives and other benefits by any Filipino contractor, including the imposition of penalties as provided for under this Decree, for: i) failure by the contractor to maintain the qualifications required; or ii) for violation of any provision of this Decree and of other laws granting incentives and benefits to such contractors, or of the rules and regulations issued thereunder, or of any law or decree for the protection of labor; iii) for unjustified abandonment, incompetent management and administration of any overseas project awarded to such contractor;
i) Recommend or participate, subject to the approval of appropriate authorities, in the negotiation of bilateral or multilateral agreements that would facilitate the entry of contractors in overseas markets and to protect the interest of Filipino contractors and their workers operating overseas;
j) Formulate, examine, and implement, or cause the implementation thereof, a scheme or arrangement fro the protection of Filipino contractors from non-commercial risks with respect to their assets, equipment and other property held overseas in connection with approved overseas projects;
k) Obtain, collate, and evaluate information necessary for the effective discharge of its primary purpose and the proper exercise of its powers and functions:
l) Generally exercise all the powers necessary or incidental to attain the purpose of this Decree, including the promulgation of its internal rules and procedures governing meetings, organization and staffing.
