Phil. Law- Republic Act No 8792

Republic of the Philippines

HOUSE OF REPRESENTATIVES

Quezon City

TWELFTH CONGRESS

First Regular Session

House Bill No. 4809

Introduced by Representatives Jose C. de Venecia, Jr., Neptali M. Gonzales II, Carlos O. Cojuangco, Rolando G. Andaya, Jr., Imee R. Marcos, Faysah Maniri Racman Dumarpa, Eduardo C. Zialcita, Arthur D. Defensor, J.R. Nereus O. Acosta, Florencio B. Abad and Manuel N. Mamba

AN ACT PROVIDING FOR THE MODERNIZATION, STANDARDIZATION AND REGULATION OF THE PROCUREMENT ACTIVITIES OF THE GOVERNMENT AND FOR OTHER PURPOSES

Be it enacted by the Senate and the House of Representatives of the Philippines in Congress assembled:

ARTICLE I

GENERAL PROVISIONS

Section 1, Short Title, - This Act shall be known as the "Government Procurement Reform Act"

Section 2. Declaration of Policy, - It is the declared policy of the State that all resources of the government shall be managed, expended or utilized in accordance with law and regulations, and safeguarded against loss or wastage through illegal or improper disposition, with a view to ensuring transparency, accountability, impartiality, efficiency, economy and effectiveness in agency procurement and government operations.

Section 3. Governing Principles on Government Procurement. - All procurement of the national government, its departments, bureaus, offices and agencies, including state universities and colleges, government-owned and/or controlled corporations, government financial institutions and local government units shall, in all cases, be governed by these principles:

a) Transparency in the procurement process and in the implementation of procurement contracts.

b) Competitiveness by extending equal opportunity to enable private contracting parties who are eligible and qualified to participate in public bidding.

c) Streamlined procurement process that will uniformly apply to all government procurement. The procurement...