What is RA 9184 all about?

GOVERNMENT PROCUREMENT REFORM ACT (R.A.) 9184, otherwise known as the “Government Procurement Reform Act,” for the purpose of prescribing the necessary rules and regulations for the modernization, standardization, and regulation of the procurement activities of the Government of the Philippines (GoP).

What is the scope of RA 9184?

– This Act shall apply to the Procurement of Infrastructure Projects, Goods, and Consulting Services, regardless of source of funds, whether local or foreign, by all branches and instrumentalities of government, its departments, offices and agencies, including government-owned and/or -controlled corporations and local …

What is performance security GPPB?

performance security, in such form and amount as specified in the Bidding Documents, prior. to the signing of the contract as a measure of guarantee for the faithful performance of and. compliance with his obligations under the contract prepared in accordance with the Bidding.

What is the effectivity date of RA 9184?

January 26, 2003
9184 (R.A. 9184), otherwise known as the “Government Procurement Reform Act?” Pursuant to Section 78 of R.A. 9184 which provides for the date of its effectivity, it took effect on January 26, 2003, or fifteen (15) days following its publication.

What is Republic Act 10055?

Philippine Technology Transfer Act of 2009 (Republic No. 10055). An Act Providing the Framework and Support System for the Ownership, Management, Use, and Commercialization of Intellectual Property Generated from Research and Development funded by Government and for other purposes.

What is the importance of RA 9184 to the Filipino?

The Government Procurement Reform Act or RA 9184 enacted in 2003 is the comprehensive law governing public procurement in the Philippines that put together all procurement rules and procedures covering all forms of government purchases from goods, to consulting, to infrastructure services.

Why is RA 9184 important?

9184, entitled “An Act Providing for the Modernization, Standardization and Regulation of the Procurement Activities of the Government and for other Purposes,” otherwise known as the Government Procurement Reform Act.

How much is a performance bond in the Philippines?

How much is the performance bond? 15% bond covering Contractor’s obligations arising from the Contract to its workers, subcontractors and suppliers.

What is a performance bond used for?

A performance bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. A performance bond is usually provided by a bank or an insurance company to make sure a contractor completes designated projects.