Value of PPADB awarded tenders fall

Friday, November 04, 2016

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.

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