Centralized Procurement System Policy EO 359

Comprised of Secretary of Budget and Management (Chairman) and Secretaries of Finance, Trade and Industry, Health, National Defense, Public Works and Highways, Education, plus a PICPA representative.
Responsible for issuing rules and regulations to implement procurement policy.
May consult the Chairman of the Commission on Audit for auditing jurisdiction matters.
Evaluates procurement effectiveness using criteria like price comparisons, quality standards, and delivery times.
Holds oversight over the Procurement Service operations.
Terminates hold-over status of Procurement Council members upon effectivity.

Procurement Service (PS) under DBM operates the central procurement system.
Inter-Agency Bids and Awards Committee supports PS.
Regional Depots under PS will be established for localized purchasing by government agencies.

Applies to all national government agencies, State Universities and Colleges, government-owned/controlled corporations and subsidiaries.
Local government units may opt to participate voluntarily.
Agencies can procure directly for urgent needs if delays occur, following accounting and auditing rules.

Prescribed by the Procurement Service in coordination with DBM's Systems and Procedures Bureau and approved by the Procurement Policy Board.
Requires annual agency procurement programs for new supplies and equipment.
Procurement appropriations must be included in the agency’s annual Work and Financial Plan.
Quarterly allotments and monthly funding warrants depend on these plans.
Funding deficits may be covered by savings from appropriate lump-sum funds as determined by DBM.

Revokes or modifies prior circulars including Procurement Council Circular No. 1 and related joint circulars and memoranda that are inconsistent with this Executive Order.