Publication: Philippines : Country Procurement Assessment Report
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Date
2008-10
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2008-10
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Every year, the Philippine government spends hundreds of billions of pesos to buy the goods and services it needs to carry out projects and deliver services to its citizens. This money comes from the budget that it funds out of its own revenues and from loans and grants extended by foreign sources such as multilateral development banks and bilateral donors. Deciding how to spend this money is a very important responsibility on the part of government leaders and officials, not only because of the large amounts but also the public trust involved. Citizens and taxpayers have a right to expect that their government will spend these funds wisely and honestly, for the greatest public good. Procurement is a key step in the process of getting the best value for the people's peso. The process involves announcing or advertising what the government needs, inviting qualified parties or individuals to offer their bids, evaluating those bids, awarding contracts to the chosen bidders, monitoring their delivery and performance, paying them and recording the results of the whole process for others to see. It also involves making sure that the bidding is fair and transparent to all, and that anyone with a legitimate complaint can be given speedy justice.
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“World Bank. 2008. Philippines : Country Procurement Assessment Report. © World Bank. http://hdl.handle.net/10986/7837 License: CC BY 3.0 IGO.”
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