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FINES AND PENALTIES(SLIPPAGE ON A PROJECT)

Philippine Government Procurement :: RA 9184 Revised Implementing Rules and Regulations :: Procurement Related Activities

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FINES AND PENALTIES(SLIPPAGE ON A PROJECT)

Post by WONDERING on Wed Jun 27, 2012 3:43 pm

Is it possible that fines and penalties paid by the contractor on a slippage of a certain project will be used as honoraria to BAC,TWG Members? Shocked

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Re: FINES AND PENALTIES(SLIPPAGE ON A PROJECT)

Post by regina avelino on Wed Jun 27, 2012 5:57 pm

I believe that fines and penalties you have written pertains to delays in the delivery of goods or delays in the completion of infra projects which the procuring entity is entitled to levy as damages for such delays/slippage. As such, this proceeds shall be used only as payment for honoraria and overtime pay to BAC and TWG Member as per BC No. 2004-5A.

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Philippine Government Procurement :: RA 9184 Revised Implementing Rules and Regulations :: Procurement Related Activities

 
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