GPPB on NFCC Amendments

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GPPB Resolution NO. 20-2013: GPPB Resolution on NFCC Amendments

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Title Source: Supreme Court: GPPB on NFCC Amendments

Law: Gppb No. 20-2013

Decision Date: Jul 30, 2013

The Government Procurement Policy Board (GPPB) amends the eligibility requirements for bidders by retaining the Net Financial Contracting Capacity (NFCC) formula while eliminating the alternative of a credit line commitment, ensuring that financial assessments are based on data submitted to the Bureau of Internal Revenue.

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