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Regulatory Framework of Business Transactions
Government Procurement Law
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Created by
Christine Abegail
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Cards (13)
What is the short title of Republic Act No. 9184?
The "
Government Procurement Reform
Act."
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What is the declared policy of the State under the Government Procurement Reform Act?
To promote the ideals of
good governance
in all its
branches
and instrumentalities.
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What are the governing principles on government procurement?
Transparency
in the procurement process
Competitiveness
by extending equal opportunity
Streamlined
procurement process
System of
accountability
Public
monitoring of the procurement process
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To what types of procurement does the Government Procurement Reform Act apply?
Procurement of
Infrastructure
Projects,
Goods
, and Consulting Services.
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What does the term "Approved Budget for the Contract" (ABC) refer to?
The
budget
for the contract approved by the Head of the
Procuring Entity.
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What does BAC
stand
for in the context of the Government Procurement Reform Act?
Bids
and
Awards Committee.
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What are Bidding Documents?
Documents
issued by the
Procuring Entity
as the basis for bids.
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What is a
Bid
in the context of
procurement
?
A signed offer or proposal submitted in response to
Bidding
Documents.
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What is
Competitive Bidding
?
A method of procurement open to participation by any
interested
party.
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What are Consulting Services as defined in the Act?
Services requiring external technical and
professional experts
for
government projects.
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What does G-EPS stand for?
Government Electronic Procurement System.
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What do Goods refer to in the context of the
Act
?
Items,
supplies
, materials,
and general support services needed for government activities.
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What does GPPB stand for?
Government Procurement Policy Board.
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