Law Summary
Objectives and Principles
- Purchase goods of acceptable quality at fair and reasonable prices.
- Ensure timely delivery and satisfactory compliance with contract terms.
- Guarantee fair and equitable treatment of suppliers/manufacturers/distributors.
- Facilitate prompt payment arrangements.
- Promote procurement through open competitive bidding to ensure economy and efficiency.
- Maintain and collect procurement data to refine policies based on experience.
Approval Authority
- Levels of approving authority for procurement contracts are governed by existing Executive Orders Nos. 301 and 380.
Procurement Methodology
- Contracts shall primarily be awarded through public/open competitive bidding.
- Alternative procurement methods are allowed only when necessary and as prescribed by implementing rules.
Composition of the Prequalification, Bid, and Award Committee
- Chairman: At least third-ranking official of the agency.
- Executive Officer and Secretary: Legal Officer of the agency.
- Members: One regular technical member and at least two provisional members knowledgeable of the project, designated by agency head.
- Observer: One representative from the Commission on Audit.
- Private Sector Representatives (Observers): One representative each from the Philippine Chamber of Commerce and Industry and an end-user group or NGO.
Functions of the Committee
- Conduct the bidding process.
- Evaluate the bidding results.
- Recommend the award of contract.
Implementation and Oversight
- NEDA Board's Committee on Infrastructure (INFRACOM) to formulate and promulgate implementing rules and regulations, subject to Presidential approval.
Repeal and Modification of Prior Issuances
- Any presidential directives, orders, rules, or regulations inconsistent with this Executive Order are repealed or modified accordingly.
Severability Clause
- Invalidity of any provision does not affect the validity and operation of other provisions.
Effectivity
- The Executive Order takes effect immediately upon issuance.