Payment Schedule of Salaries and Honoraria for Project-Based Staff

Effective July 2017, project-based personnel are required to open personal accounts with the Development Bank of the Philippines to facilitate timely release of salaries, honoraria, and payment for professional services.

In consonance with Memorandum Order CCDP-2017-23 “Payment Schedules of Salaries for Job Order (J.O.) Staff”, we are also implementing the same schedules of payment of salaries, honoraria, and payment of professional services for project-based personnel. The requirements for the following are as follows:

1. Certificate of Service (COS) and/or Accomplishment Report accepted by the Project Leader/Principal Investigator/Funding Agency/Sponsor,
2. Certified True Copy of the duly approved Project Contract Form,
3. Certified True Copy of the duly approved Line-Item Budget, and
4. Photocopy of the DBP ATM for newly-opened accounts.

For your compliance and cooperation.