Publication: Philippines : Country Procurement Assessment Report
Date
2008-10
ISSN
Published
2008-10
Author(s)
World Bank
Abstract
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.
Citation
“World Bank. 2008. Philippines : Country Procurement Assessment Report. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/ed79a406-66f1-5843-a2f5-d946e60421bb License: CC BY 3.0 IGO.”