Eligibility Requirements

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Eligibility Requirements

Post by Gregorio S. Pascual on Mon Mar 15, 2010 12:59 pm

Per Section 23.5.2.5 of the Revised IRR of RA 9184, what is the appropriate NSO consumer price index to adjust the value of a contract that is similar to be bid?
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Re: Eligibility Requirements

Post by Niwram on Mon Mar 15, 2010 1:08 pm

The appropriate NSO consumer price index is the present/latest price index in the NSO.
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Re: Eligibility Requirements

Post by Guest on Mon Mar 15, 2010 1:09 pm

You could find the CPI sa National statistics office po.

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Re: Eligibility Requirements

Post by Gregorio S. Pascual on Mon Mar 15, 2010 1:43 pm

Thanks for the reply. However, I am confused what CPI table to be used. Is it the "Consumer Price Index, Monthly Inflation Rates, Monthly Percent Changes and purchasing Power of Peso", "Construction Materials Wholesale Price Index" or any other table.
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Re: Eligibility Requirements

Post by Guest on Mon Mar 15, 2010 1:53 pm

The CPI for the current year at ung CPI for the year of the contract that you have submitted for your SLC.

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Re: Eligibility Requirements

Post by Gregorio S. Pascual on Mon Mar 15, 2010 2:42 pm

Thanks for the assistance!
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Re: Eligibility Requirements

Post by charlie brown on Mon Mar 15, 2010 5:34 pm

Gregorio S. Pascual wrote:Thanks for the reply. However, I am confused what CPI table to be used. Is it the "Consumer Price Index, Monthly Inflation Rates, Monthly Percent Changes and purchasing Power of Peso", "Construction Materials Wholesale Price Index" or any other table.

If I may add:

CPI is presented in table form either month-on-month (e.g. sept 2000 vs. aug 2000) or year on year (e.g. Sept 2000 vs. Sept 1999). there is also the concept of a base year -which is cy 2000 now. The base year =100. To use the CPI you need to look at your relevant period. to do that you refer to the date of submission of the bid then work your way backwards. Say if your submission is January 2010 and your relevant period is 3 years, you need to check the CPI changes from January 2007 up to 2010.

You go to the NSO website (there is a link at the gppb website) then go to the tables. the first one shows the monthly CPI for all income households by commodity. The comparison there is cy 2009 vs 2010 monthly. Assuming you dont want to use a specific commodity group you can just use the all items which is 163.9 for jan 2010; 157.2 for jan 2009; and 146.8 for jan 2008; 140.0 jan 2007 if im not mistaken. the inflation rate you will be using will then be:

2010 = 4.3% = (163.9-157.2)/157.2
2009 = 7.1% = (146.8-157.2)/146.8
2008 = 4.9%

this means that in 2010 inflation was at 4.3% of 2009 and 2009 was at 7.1% of 2008 and so on... You will note that you can check this figures under the year-on-year changes of the CPI in percent. Thus if the track record shows an amount of say, P1000 as of january 2007, the adjusted price based on the CPI as of January 2010 using the above percent changes, would be about P1,171.78

this is how i compute for the value adjusted to the current prices. Im not sure this is the way to go since im not aware of any gppb issuance articulating on the subject. Hope you find soething relevant/useful in what i presented
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