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SPECO BUILDERS INC FORMERLY VRF CONST is listed as a company organization in Philippine public procurement records on this site, with 131 linked DPWH project(s) totaling about ₱6,192,457,564.88. Recorded delivery grade B (from public DPWH project records — not a finding of wrongdoing).

SPECO BUILDERS INC FORMERLY VRF CONST

B

Registered business (company) — public records only; no personal data beyond the business name (Data Privacy Act).

Projects
131
Total value
₱6,192,457,564.88
Published flags
3
Region
Nueva Ecija 1st DEO · Region III

Online presence

Google Maps: Speco Builders Inc.★ 3 (2 reviews)Google Maps, 2026-10-22

757 Narra Street, Mampulog, Bitas Bridge, Cabanatuan City, Nueva Ecija

Licensed officers (PCAB)

Authorized Managing Officer as listed on the PCAB public licence register. The AMO is not necessarily an owner of the firm. Right of reply: contractors and named officers may request corrections.

Public Record Grade

A transparent, data-derived summary of reported public records for SPECO BUILDERS INC FORMERLY VRF CONST — not an accusation or finding of wrongdoing.

Grade by Love the Philippines based on public DPWH project records, capped by published COA, Ombudsman or other official and news reports. Not a government rating or blacklist.

B

Score: 88.70 / 100 · Projects in sample: 131 · As of Oct 28, 2026 UTC

Why this grade

  • On-time delivery (dated DPWH completions)

    Component score: 80.3/100 · Weight: 47%

    graceDays
    30
    componentScore
    80.3
    lateCompletedProjects
    0
    onTimeCompletedProjects
    114
    pastTargetPenaltyWeight
    2
    scheduleAssessedProjects
    128
    pastTargetOngoingProjects
    14
    undatedCompletedProjectsExcluded
    2

    Contractor projects

  • Termination rate

    Component score: 97.7/100 · Weight: 21%

    totalProjects
    131
    componentScore
    97.7
    terminatedProjects
    1
    terminationRatePct
    0.8

    Contractor projects

  • Cost overruns vs approved budget (ABC)

    Component score: 100/100 · Weight: 21%

    avgOverrunPct
    0
    componentScore
    100
    projectsWithAbcAndCost
    131
    projectsOver110PctOfAbc
    0

    Contractor projects

  • Published anomaly indicators (AI-reviewed)

    Component score: 99.5/100 · Weight: 11%

    projects
    131
    componentScore
    99.5
    flagsPerProject
    0.02
    publishedV2Flags
    2

    Methodology: indicatorsSearch this contractor

  • COA audit observations (linked)

    No data — excluded and weight redistributed (no data never counts as a perfect score)

    projects
    131
    componentScore
    No data for this figure; the component is excluded, not scored
    linkedObservations
    0

    Methodology: COA ingest

Computed automatically from public DPWH project records and the reviewed anomaly flags on them, capped where official bodies or credible news outlets have published reports about linked projects. This Public Record Grade reflects reported data only — not a finding of wrongdoing, fraud, or poor performance as a moral judgment. Contractors may submit a right of reply. Right of reply form.

Right of reply — contractors may respond to published grades and indicators.

Showing 49 of 127 geotagged projects (largest by contract value) — Open full map · Download projects (CSV)

Equipment & capacity

PCAB license

License no.
15301
Category
AAA · Large B
Minimum net worth for this category
₱180,000,000.00
Allowable range of contract cost (ARCC)
₱450M or above (no published ceiling)
License valid until
Aug 28, 2029
Checked against PCAB
Oct 22, 2026

Sources: PCAB license verification (search license 15301); net worth and ARCC from the PCAB Categorization–Classification Table, Board Res. No. 201 s. 2017. These are the minimums for the category, not this firm's actual net worth.

Government performance ratings (CPES)

9 evaluations listed across 4 GPPB CPES releases; average final rating 95.0% over 6 rated projects; 9 site-visit ratings. The same project can appear in more than one release.

EvaluatedAgencyContract amountStatusVisitFinalSource
Jun 27, 2025DPWH₱87,813,289.00Completed98.6%96.8%40th, p. 288
Feb 18, 2025DPWH₱57,888,277.00Completed99.5%96.7%40th, p. 287
Nov 28, 2024DPWH₱96,494,885.00Completed85.1%90.9%39th (rev), p. 199
Oct 19, 2024DPWH₱87,813,289.00On-going95.6%—39th (rev), p. 199
Jan 7, 2023DPWH₱48,974,586.00Completed98.7%98.7%35th, p. 161
Oct 21, 2022DPWH₱65,405,400.00Completed97.3%96.0%35th, p. 161
Jun 22, 2022DPWH₱65,405,420.00On-going95.1%—34th, p. 81
Nov 26, 2019DPWH₱94,948,743.00On-going91.3%—40th, p. 288
Jun 13, 2019DPWH₱42,528,030.00Completed91.2%91.2%40th, p. 288

Source: GPPB Constructors Performance Evaluation System reports. Matched by PCAB license number.

Equipment list

Not publicly available: submitted with bids to each agency; obtainable via FOI.

Bidders file a list of owned or leased equipment with their eligibility documents (RA 9184 IRR). Request it from the procuring agency at foi.gov.ph.

Across government

No PhilGEPS contract awards from other agencies matched to this name in the records loaded so far.

From PhilGEPS award notices; linked only where the awardee name matches this profile exactly after normalization. Shown for context; these awards do not affect the grade.

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Bidding patterns

Pattern checks are being verified before publication. They look for win rotation, shared business addresses and shared principals among contractors, using PhilGEPS award notices and PCAB license records. Scope analyzed so far: 3,966,103 awards, 27,841 contractors and 16,785 procuring offices (data as of December 26, 2025) · Source: PhilGEPS.

Method, thresholds and breakdowns →