PPADB awards P5bn in tenders

PPADB head office
PPADB head office

The Public Procurement and Asset Disposal Board (PPADB) has awarded 81 tenders from different ministries worth P5 billion in the financial year 2014/2015. This is an increase compared to the corresponding period, where P2 billion worth of tenders were awarded.

This significant increase has been attributed to the implementation of carry-over projects that were budgeted for the 2013/2014 financial year.

According to the recently released 2014/15 annual report, the board adjudicated 735 submissions which was a 10 percent increase compared to 667 submissions made in the prior year. From these, Special Procurement and Asset Disposal Committee (SPADC) adjudicated a total of 143 submissions valued at P639 million.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

Have a Story? Send Us a tip
arrow up