Refund of Performance Security

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Refund of Performance Security

Post by The Rock_CPA on Mon Jan 20, 2014 4:46 pm

Good PM

One of the Disbursement Vouchers I'm post-Auditing is the refund of Performance Security.

The winning bidder requested for refund of performance security after delivering the goods..

The procuring entity paid the performance security without issuing Certificate of Acceptance.

What is the sanction for the procuring entity for not issuing a Certificate of Acceptance?

Thank you Very Happy 

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Re: Refund of Performance Security

Post by engrjhez® on Tue Jan 21, 2014 12:46 pm

The Rock_CPA wrote:Good PM

One of the Disbursement Vouchers I'm post-Auditing is the refund of Performance Security.

The winning bidder requested for refund of performance security after delivering the goods..

The procuring entity paid the performance security without  issuing Certificate of Acceptance.

What is the sanction for the procuring entity for not issuing a Certificate of Acceptance?

Thank you Very Happy 


It may be "simple neglect" under Rule 10 Section 46 of the Revised Rules on Administrative Cases in Civil Service:

D. The following less grave offenses are punishable by suspension of one (1) month and one (1) day suspension to six (6) months for the first offense; and dismissal from the service for the second offense:
1. Simple Neglect of Duty;
x x x
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Re: Refund of Performance Security

Post by Jovinal on Sat Feb 08, 2014 3:38 pm

You may issue first AOM or Notice of Suspension requiring them to the submit the Certificate of Acceptance otherwise you will disallow the transaction. Usually the the Certificate of Acceptance is now integrated in the new coa form Inspection and Acceptance Report which is one of the supporting documents during the payment of goods.
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