LARGE 4.1 - PURCHASE / CONSTRUCTION OF PPE

One of the Criteria for recognizing PPE under IPSAS 17 is to meet the capitalization threshold of P100,000.00 COA Circular 2022 – 004

• TRUE

• FALSE

Competitive bidding is a method of procurement that is open to participation by any interested party and consists of the process of post- bid conference.

• TRUE

• FALSE

In the Advertisement/Posting of the invitation to bid, it is not required for projects with an ABC of 10M and below for Goods or 15M and below for Infrastructure Projects and P5 Million and below for Consulting Services.

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• FALSE

A Pre- bid conference must be held at least 30 cd before the deadline for the submission and receipt of bids, considering the following: method, nature, and complexity of the contract; international participation is more advantageous.

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• FALSE

Submission and receipt of bids should be submitted to the BAC on the date, time, and place specified in the Invitation to Bid, with a grace period of three days after the deadline.

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• FALSE

The Amount Bid Security (ABC) on a surety bond callable upon demand is 5%.

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• FALSE

The domestic preference is applicable only for goods.

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• FALSE

The BAC shall recommend awarding the contract to the LOWEST CALCULATED AND RESPONSIVE BID (LCRB) at the submitted price or calculated price, whichever is lower.

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• FALSE

For Goods, retention money is at least 1% of the contract price (Sec. 62, 2016 IRR of RA 9184) while for Infrastructure Projects, retention money is 10% of the contract price.

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• FALSE

Limited Source Bidding involves a direct invitation to bid by the PE from the list of pre-selected suppliers or consultants with known experience and proven capability.

• TRUE

• FALSE