Advertisement

Value of PPADB awarded tenders fall

The Public Procurement and Asset Disposal Board (PPADB) reported a reduction in the value of tenders awarded during the 2015/16 financial year.

According to the 2016 annual report, tenders awarded by the board during the period amounted to P3.91 billion as opposed to P5.04 billion for the 2014/15 financial year, which represents a 22% drop.

The board adjudicated 527 submissions in 2015/16, which was a 28% decline compared to 735 submissions during the 2014/15 financial year.

Advertisement
Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Have a Story? Send Us a tip
arrow up