Citizenship and Ownership Requirements for Bidders
- Contracts can only be awarded to contractors or bidders who are:
- Citizens of the Philippines, or
- Corporations or associations with at least 60% Filipino ownership of capital.
- Exception: Citizens or entities of countries granting reciprocal rights to Filipino citizens.
- The Flag Law remains applicable in cases of reciprocity.
Penalties for Violations
- Violators are subject to:
- Fines ranging from five thousand pesos to ten thousand pesos.
- Imprisonment from two to four years.
- When violations involve corporations or associations, penalties apply to responsible officials such as presidents, directors, managers, or managing partners.
- Foreign nationals found guilty will be deported after serving their sentence without further deportation proceedings.
- Government officials or employees violating the Act face additional penalties including temporary or permanent disqualification from public office.
Repeal Clause
- All laws or parts of laws inconsistent with this Act are repealed.
Effectivity
- The Act took effect immediately upon approval on September 8, 1967.