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Saturday, March 5, 2011

Stock News 2011: DPWH to fast-track bidding of projects

DPWH logoImage via Wikipedia
“Bidding should be competitive, no collusion, no favors, no rigging, no negotiated contracts,” said Singson.

DPWH is seeking the support of the civil society organizations, NGOs, and other government officials to monitor and ensure that DPWH projects are bid out competitively which is in line with Pres. Aquino’s “matuwid na daan” policy in reducing or minimizing corruption in the government.

Based on approved government appropriations act, approximately 1,493 projects worth P56.48 billion under the DPWH regular infrastructure program are set for implementation in 16 regions nationwide this year.

In full transparent public biddings, DWPH can achieve more than 20% savings from the budgetary allocations.



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