Year 2022

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news
www.pna.gov.ph - The House of Representatives on Wednesday approved on second reading a new procurement legislation to make the process more cost-effective, transparent, competitive, streamlined, and sustainable. During the plenary session, the House passed through voice voting, House Bill (HB) 9663, otherwise known as the proposed New Government Procurement Reform Act. During his second State of the Nation Address (SONA) in July, President Ferdinand R. Marcos Jr. said enacting a new government procurement law would strengthen the whole-of-government and whole-of-society approach, which is regarded as a "transformative" solution amid the changing times. The bill seeks to institute a streamlined and transparent procurement process through definitive periods in the process, the use of emerging technologies and innovative solutions, and open contracting practice.