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liquidated damages
Philippine Government Procurement :: RA 9184 Revised Implementing Rules and Regulations :: Procurement Methods :: Competitive Bidding
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liquidated damages
Good Day Everyone,
Upon completion of delivery and Liquidated damages is already computed, can a supplier be granted for a consideration that the liquidated damages be dropped or lowered? Are there any provisions, guidelines, or legal basis for this matter?
Thank you.
Upon completion of delivery and Liquidated damages is already computed, can a supplier be granted for a consideration that the liquidated damages be dropped or lowered? Are there any provisions, guidelines, or legal basis for this matter?
Thank you.
Re: liquidated damages
the imposition of the liquidated damages against erring supplier/contractor is mandatory as the law expressly state "shall" on its provision. The implementation of such provision is very important to know if automatic termination of contract is necessary once the liquidated damages exceed 10% of the contract price.
regina avelino- Board General
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Number of posts : 671
Company/Agency : gocc ncr
Occupation/Designation : staff
Registration date : 2012-02-15

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Philippine Government Procurement :: RA 9184 Revised Implementing Rules and Regulations :: Procurement Methods :: Competitive Bidding
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