FINAL EXAM Flashcards
Government Procurement Reform Act
RA 9184
It refers to the signed offer or proposal to undertake a contract submitted by a bidder
BID
A method of procurement which is open to participation by any eligible interested
party
COMPETITIVE BIDDING
It refers to the acquisition of goods, consultancy services and the contracting of infrastructure projects by the procuring entity
PROCUREMENT
This is held prior to the advertisement or issuance of the invitation to bid to confirm the description and scope of the contract, the contract duration; and to determine the readiness of the procurement entity on the procurement at hand
PRE-PROCUREMENT CONFERENCE
This is held to discuss, clarify, and explain, among other things, the eligibility requirements and the technical and financial components of the contract to be bid, including questions and clarifications raised by the prospective bidders
PRE-BID CONFERENCE
These consist of registration certificates, Mayor’s and business permits, and tax
clearance
CLASS A LEGAL DOCUMENTS
These consist of statements of on-going projects, projects awarded but not yet
started, and single largest completed contracts
CLASS A TECHNICAL DOCUMENTS
These consist of the prospective bidder’s audited financial statements showing his
total current assets and liabilities; and computation of the bidder’s NFCC
FINANCIAL DOCUMENTS
These may be issued by the procuring entity to cover any increase/decrease in
quantities, including the introduction of new work items that are not included in the original contract
VARIATION ORDER
BAC
BIDS AND AWARDS COMMITTEE
GPPB
GOVERNMENT PROCUREMENT POLICY BOARD
ABC
APPROVED BUDGET FOR THE CONTRACT
HOPE
HEAD OF THE PROCURING ENTITY
APP
ANNUAL PROCUREMENT PLAN
PPMP
PROJECT PROCUREMENT MANAGEMENT PLANS
PhilGEPS
PHILIPPINE GOVERNMENT ELECTRONIC PROCUREMENT SYSTEM
This is requested by the contractor from the procuring entity to enable him to mobilize his men, materials, and equipment, etc
ADVANCE PAYMENT
This is withheld from every progress billing to take care of uncorrected defects and 3m-party liabilities against structural defects and failure shall cover the following periods
RETENTION MONEY