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RAICON DEVELOPMENT CORP FORMERLY : RA IGNACIO CONST CORP is listed as a company organization in Philippine public procurement records on this site, with 50 linked DPWH project(s) totaling about ₱2,196,244,935.63. Recorded delivery grade B (from public DPWH project records — not a finding of wrongdoing).

RAICON DEVELOPMENT CORP FORMERLY : RA IGNACIO CONST CORP

B

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

Projects
50
Total value
₱2,196,244,935.63
Published flags
0
Region
North Manila DEO · National Capital Region

Online presence

Google Maps: Raicon Development Corporation★ 4.6 (11 reviews)Google Maps, 2026-10-22

Unit 208 ESNA Bldg, 30 Timog Ave, Diliman, Quezon City, 1103 Metro Manila

Public Record Grade

A transparent, data-derived summary of reported public records for RAICON DEVELOPMENT CORP FORMERLY : RA IGNACIO CONST CORP — 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: 81.40 / 100 · Projects in sample: 50 · As of Oct 28, 2026 UTC

Thin public record coverage: several grade components had no data and were reweighted. Treat the letter grade as directional, not definitive.

Why this grade

  • On-time delivery (dated DPWH completions)

    Component score: 69.4/100 · Weight: 53%

    graceDays
    30
    componentScore
    69.4
    lateCompletedProjects
    9
    onTimeCompletedProjects
    33
    pastTargetPenaltyWeight
    2
    scheduleAssessedProjects
    48
    pastTargetOngoingProjects
    6
    undatedCompletedProjectsExcluded
    2

    Contractor projects

  • Termination rate

    Component score: 100/100 · Weight: 24%

    totalProjects
    50
    componentScore
    100
    terminatedProjects
    0
    terminationRatePct
    0

    Contractor projects

  • Cost overruns vs approved budget (ABC)

    Component score: 100/100 · Weight: 24%

    avgOverrunPct
    0.1
    componentScore
    100
    projectsWithAbcAndCost
    50
    projectsOver110PctOfAbc
    0

    Contractor projects

  • Published anomaly indicators (AI-reviewed)

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

    projects
    50
    componentScore
    No data for this figure; the component is excluded, not scored
    flagsPerProject
    0
    publishedV2Flags
    0

    Methodology: indicatorsSearch this contractor

  • COA audit observations (linked)

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

    projects
    50
    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.

45 geotagged projects — Open full map · Download projects (CSV)

Equipment & capacity

PCAB license

License no.
29977
Category
AA · Large A
Minimum net worth for this category
₱90,000,000.00
Allowable range of contract cost (ARCC)
up to ₱450M
License valid until
Nov 9, 2027
Checked against PCAB
Oct 22, 2026

Sources: PCAB license verification (search license 29977); 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)

3 evaluations listed across 3 GPPB CPES releases; average final rating 91.8% over 2 rated projects; 3 site-visit ratings. The same project can appear in more than one release.

EvaluatedAgencyContract amountStatusVisitFinalSource
May 6, 2025DPWH₱4,942,181.00On-going93.7%—40th, p. 253
Mar 11, 2025DPWH₱4,702,110.00Completed95.2%93.1%39th (rev), p. 173
Mar 14, 2024DPWH (JV)₱96,475,843.00Completed91.9%90.4%37th, p. 100

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.

Watch this contractor

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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 →