PPADB awards P2.1bn in tenders :: Mmegi Online

The Public Procurement and Asset Disposal Board (PPADB) which adjudicates and awards tenders for central government and other institutions, has awarded 81 tenders from different ministries, amounting to P2.1 billion.

According to the recently released 2013/14 annual report, this figure represents a decrease of P2.6 billion or 59 percent, on procurement that was approved by PPADB in the previous financial year. The report states that 35 tenders awarded by the board were through open competitive bidding, translating into 43 percent, which were valued at P1.3 billion, representing 59 percent of the value of tenders awarded by the board during the year under review.

The Ministry of Transport and Communications had the highest value of awarded tenders at P518.1 million followed by the Ministry of Local Government at P415.4 million. The Ministry of Youth Sports and Culture had the least value of awarded tenders which stood at P415,800, owing to maintenance of an existing contract previously awarded by the board.

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PPADB awards P2.1bn in tenders

The Public Procurement and Asset Disposal Board (PPADB) which adjudicates and awards tenders for central government and other institutions, has awarded 81 tenders from different ministries, amounting to P2.1 billion.

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