payment terms

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payment terms

Post by ikuz23 on Sat Jun 04, 2011 7:46 am

is there a minimum & maximum no. of days for the LGU to release payment after delivery? for the BAC process, the IRR says we have a minimum of 28CD & a maximum of 124CD to release / issue a Notice to Proceed to wining bidder. but how about the payment?
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Re: payment terms

Post by engrjhez® on Sat Jun 04, 2011 10:24 am

ikuz23 wrote:is there a minimum & maximum no. of days for the LGU to release payment after delivery? for the BAC process, the IRR says we have a minimum of 28CD & a maximum of 124CD to release / issue a Notice to Proceed to wining bidder. but how about the payment?

Payment shall be immediately processed upon actual delivery and receipt of items. I believe we all have our CITIZEN'S CHARTER right? Some have the (PMS)OPES REFERENCE TABLES to guide our standard actions. The guiding principles of RA.6713 and RA.9485 shall be our platform in executing both internal and external services.

In short, payment needs be processed with 5 days (provided that it has complete documentation and requirements). Smile
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Re: payment terms

Post by ikuz23 on Mon Jun 06, 2011 2:45 pm

tnx engrjhez
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Re: payment terms

Post by sunriser431 on Wed Jul 27, 2011 7:49 pm

engrjhez® wrote:
ikuz23 wrote:is there a minimum & maximum no. of days for the LGU to release payment after delivery? for the BAC process, the IRR says we have a minimum of 28CD & a maximum of 124CD to release / issue a Notice to Proceed to wining bidder. but how about the payment?

Payment shall be immediately processed upon actual delivery and receipt of items. I believe we all have our CITIZEN'S CHARTER right? Some have the (PMS)OPES REFERENCE TABLES to guide our standard actions. The guiding principles of RA.6713 and RA.9485 shall be our platform in executing both internal and external services.

In short, payment needs be processed with 5 days (provided that it has complete documentation and requirements). Smile
Nothing to do with procurement law, Smile To engrjhez, is the (PMS)OPES suspended its application by the CSC? please update. Thanks in advance. bounce
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