Warranty Security

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Warranty Security

Post by salao on Mon Dec 03, 2012 4:35 pm

Good PM Sir/Maam;

Is warranty required in infrastructure projects awarded thru small value procurement (below P500, 000.00)?
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Re: Warranty Security

Post by engrjhez® on Mon Dec 03, 2012 10:09 pm

salao wrote:Good PM Sir/Maam;

Is warranty required in infrastructure projects awarded thru small value procurement (below P500, 000.00)?
The IRR is clear:
54.5. Performance and warranty securities, as prescribed in Sections 39 and 62 of this IRR, shall be submitted for contracts acquired through the alternative methods of procurement, except for Shopping under Section 52 and Negotiated Procurement under Sections 53.2 (emergency cases), 53.9 (small value procurement), 53.10 (lease of real property), and 53.13 (UN agencies).(underscoring mine)
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Re: Warranty Security

Post by REZIE on Tue Dec 04, 2012 10:14 am

I support the answer of Engrjhez, as far as we are concerned, those procurement that we did using SVP, we did not require performance security.

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