Pre and Post Test

The Revised Manual on the Disposal of Government Property shall apply to all departments and agencies under the Executive Branch, including their regional and field offices, SUCs, GCs and their subsidiaries, LWDs, Office of the Ombudsman and LGUs.

The core members of the Disposal committee are the Chairperson and three members.

The disposal of the following properties is likewise covered by this revised Manual, which shall be done in coordination with the appropriate government agencies, except: Models submitted in connection with applications for patents, in coordination with the Intellectual Property Office; Museum materials acquired and preserved solely for exhibition and antique properties and works of art, which shall be referred to the National Museum for the determination of their appraisal and disposal values; Documents submitted for copyright, in coordination with the National Library of the Philippines; Public records in coordination with the National Archives of the Philippines.

Is the process of computing the value of properties to be disposed of to be able to set the government’s minimum selling price?

A mode of disposal where a single buyer is directly contacted to buy the properties for disposal. Usually resorted to when the market is limited and a single buyer is willing to pay the reserve price for the properties especially if the item for disposal is identified to be sensitive in nature, or if said mode of disposal is the most logistically efficient.

In public auction the Invitation To Bid shall be published as follows, except: a. at any conspicuous place reserved for the purpose in the premises of the owning agency concerned for seven (7) calendar days, b. in at least three (3) conspicuous public places in the locality where the properties may be sold, c. on the agency's website, d. the copies of the ITB may also be sent via mail or electronic mail, or personal service to prospective bidders

Salvage Value is equivalent to ten percent (10%) of the acquisition cost of the properties.

Residual Value is equivalent to at least ten (10%) of the cost of an asset that the entity would currently obtain from the disposal of the asset, after deducting the estimated cost of disposal, if the asset was already of age and in the condition expected at the end of its useful life, unless a more appropriate percentage is determined by the government entity concerned based on its operations.

A mode of disposal for valueless, unstable or hazardous properties?

A mode of disposal initiated by the owning agency or submission of request to the owning agency?