Section 1
SECTION 1. Paragraph (b) of Section 10 of Republic Act No. 5979, as amended, is hereby amended to read as follows: "(b) Should the Government, at any time during the effectivity of a contract, impose, abolish, modify any tax, customs duties, license, impost, fee, or other similar charges or enact, amend or repeal any law affecting the number of hours of labor permissible a day or the number of days a week or the wages or salaries to be paid to laborers and employees, which would directly increase or decrease the cost of materials or the cost of the construction work beyond or under the amount stipulated in the contract, or should there be any abnormal or extraordinary increase or decrease in the cost of construction materials due to any cause beyond the control of either or both parties, the contract amount shall be readjusted accordingly by a committee, hereby created for this purpose, composed of the following: Chairman—Secretary of Public Works, Transportation and Communications Co-Chairman—Secretary of Public Highways Member —National Economic and Development Authority (NEDA) Representative Member —Bureau/Agency Head concerned Member —Commission on Audit Representative Provided, That the party seeking adjustment shall first apply for same in writing, stating therein the reasons justifying the change as well as the data computation in sufficient detail which would determine accurately the amount of the change: Provided, however, That for projects behind schedule, unless properly covered by extension of time, no adjustments shall be considered."