10 Questions
Which legislative measure is commonly known as the Government Procurement Reform Act and is aimed at modernizing, standardizing, and regulating government procurement activities?
R.A. 9184
Which principle ensures equal opportunity for private contracting parties to participate in competitive bidding?
Competitiveness
It refers to any branch, constitutional commission or office, agency, department, bureau, office, or instrumentality of the GoP (NGA), including GOCC, GFI, SUC and LGU procuring goods, infrastructure projects and consulting services.
Procuring Entity
Refer to grants with no repayment obligations and are provided in monetary form, goods, works, and consultancy services, among others.
Foreign Grants
It refers to a contractor, manufacturer, supplier, distributor and/or consultant who submits a bid in response to the requirements of the Bidding Documents.
Bidder
What must be meticulously and judiciously planned by the Procuring Entity?
All procurement
What is the APP an abbreviation for?
Annual Procurement Plan
According to Rule II, Section 7, all procurement must be within what?
The approved budget of the Procuring Entity
Which of the following is a primary objective of standardizing the procurement
To systematize the procurement process, avoid confusion, and ensure transparency
According to the definition of Universal or Commercial Banks under R.A. 8791, which statement is not correct
They operate independently of any regulatory oversight by the Bangko Sentral ng Pilipinas (BSP).
Study Notes
Government Procurement Reform Act
- The Government Procurement Reform Act aims to modernize, standardize, and regulate government procurement activities.
Principles of Government Procurement
- The principle of equal opportunity ensures that private contracting parties have equal chances to participate in competitive bidding.
Definition of Government Procurement
- Government procurement refers to the process of acquiring goods, infrastructure projects, and consulting services by any branch, constitutional commission, office, agency, department, bureau, office, or instrumentality of the Government of the Philippines (NGA), including Government-Owned and Controlled Corporations (GOCC), Government Financial Institutions (GFI), State Universities and Colleges (SUC), and Local Government Units (LGU).
Definition of Grants
- Grants are provided with no repayment obligations and can be in the form of monetary assistance, goods, works, and consultancy services, among others.
Definition of Bidder
- A bidder is a contractor, manufacturer, supplier, distributor, and/or consultant who submits a bid in response to the requirements of the Bidding Documents.
Procuring Entity
- The Procuring Entity must meticulously and judiciously plan its procurement activities.
Abbreviation for Annual Procurement Plan
- APP is an abbreviation for Annual Procurement Plan.
Procurement Objectives
- According to Rule II, Section 7, all procurement must be within the approved budget.
Objectives of Standardizing Procurement
- A primary objective of standardizing procurement is to ensure equal opportunity for all parties.
Definition of Universal or Commercial Banks
- According to R.A. 8791, Universal or Commercial Banks are not defined as those that do not provide a specific type of banking service.
This quiz is about the legislative measure that modernizes, standardizes, and regulates government procurement activities. It is commonly known as the Government Procurement Reform Act.
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