New law to transform gov’t procurement—DBM

Defining the News

The Department of Budget and Management said the newly-singed New Government Procurement Act Law will transform Philippine procurement.

Spearheaded by the DBM and authored and sponsored by Senator Sonny Angara, the legislation amends the decades-old Republic Act No. 9184, commonly known as the Government Procurement Reform Act. These procurement modes include competitive bidding, limited source bidding, competitive dialogue, unsolicited offer with bid matching, direct contracting, direct acquisition, repeat order, small value procurement, negotiated procurement, direct sales and direct procurement for science, technology and innovation.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AFP: Cybersecurity is a shared responsibilityDefining the News
Read more »

Senators hail PAOCC for taking legal action vs Guo, others involved in raided POGOsDefining the News
Read more »

Palace: Marcos to issue new policies on WPS, no plans to invoke Mutual Defense Treaty yetDefining the News
Read more »

Solon’s right to meddle in village’s sale upheldDefining the News
Read more »

Lawmakers seek probe on FSL abolitionDefining the News
Read more »

BPSF revisits CARAGA with service festivalDefining the News
Read more »