Business

Value of PPADB awarded tenders fall

According to the 2016 annual report, tenders awarded by the board during the period amounted to P3.91 billion as opposed to P5.04 billion for the 2014/15 financial year, which represents a 22% drop.

The board adjudicated 527 submissions in 2015/16, which was a 28% decline compared to 735 submissions during the 2014/15 financial year.

PPADB executive chairperson, Bridget John said the reduction was due to an increase in the financial threshold of the ministerial tender committees, which handled the adjudication of most tenders.

“This shows there is progress in attaining the board’s objective to significantly devolve its authority to tender committees over time and focus more on oversight,” she said.

Furthermore, the report shows that Ministerial Tender Committees (MTCs) and the District Tender Committees (DTCs) adjudicated on 5,340 and 1,937 submissions during the 2015/16 financial year valued at P4.09 billion and P541 million respectively as opposed to 5,664 and 2,150 valued at P2.96 billion and P308 million for MTCs and DATs respectively in 2014/15.

The special procurement and asset disposal committee (SPADC) adjudicated a total of 119 requests during the 2015/16 financial year valued at P5.33 billion as opposed to 143 submissions in 2014/15 amounting to P660 million.

The total value of procurement for the PPADB and its committees for the 2015/16 financial year amounted to P13.87 billion excluding micro procurement by ministries.

John noted that the value is higher than that of tenders awarded by the PPADB and its committees during the 2014/15 financial year, which was P8.96 billion.

She said the value of tenders awarded through micro procurement for the 2015/16 financial year amounted to P527 million, compared to P278 million in 2014/15.

On the other hand, the number of contractors registered with PPADB increased from 12,335 in 2014/15 to 17,932 during the period under review. Revenue generated through contractor registration increased by 50% from P11,423,332 in the previous year to P17,226,246 in 2015/16 against targeted revenue of P9,830,000.

The executive chairperson said the increase was a result of the growing demand for contractor registration service, which was driven by anticipated and or running tenders.

During the year under review, the corporate performance level stood at 91% against a target of 80%, an increase of 2.5% from the previous year’s 88.5%, the report stated.