Guidelines on Foreign-Denominated Procurements

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GPPB NO. 020-2005: Guidelines on Foreign-Denominated Procurements

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Title Supreme Court: Guidelines on Foreign-Denominated Procurements

Law: Gppb No. 020-2005

Decision Date: Oct 7, 2005

GPPB Resolution No. 20-05 provides guidelines for fixed-pricing in government procurement involving foreign-denominated bids, contract prices, and payments using Letters of Credit (LCs) in the Philippines, ensuring that bid prices remain fixed and addressing situations of currency fluctuations.

contract prices

payment

letters of credit

END