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May 26, 2024, 11:25 pmSenator Juan Edgardo Angara has emphasized the need to replace the 21-year-old Government Procurement Reform Act , which was once lauded as “world-class legislation” by the World Bank.President Ferdinand Marcos Jr. is expected to review and sign Senate Bill No. 2593, known as the “New Government Procurement Act” , into law soon. This bill aims to replace the GPRA, originally sponsored by Angara’s father, the late former Senate President Edgardo Angara.
He said the updated law will enhance efficiency, prevent wastage, and boost investor confidence. It will also promote greater competitiveness, efficiency, professionalism, accountability, and sustainability in the government procurement process. A notable feature of the NGPA is the introduction of the Most Economically Advantageous Responsive Bid , which includes a pre-determined quality standard for goods as part of the criteria for selecting the winning bid.
“As it is in all transactions, transparency is key to ensuring that everything is being done, every step of the way is aboveboard,” Angara stated.
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