The Aquino government has saved over P29 billion from conducting competitive bidding, Department of Public Works and Highways (DPWH) Secretary Rogelio Singson said.
Singson said the savings were generated after the administration took away opportunities for collusion among contractors.
“By this time since June 2010, we have saved the government over P29 billion as the difference between the approved budget for contract to the awarded project cost,” Singson said during the CFA Institute-organized Philippine Investment Conference last Wednesday.
Singson said the current administration aims to increase capital spending for infrastructure to P795 billion by 2016 from the P125 billion spent in 2011. The investment will focus mainly on the construction, rehabilitation and expansion of roads, bridges, rail systems, airports, seaports and other infrastructure needed to sustain the economic growth in the country.
“Because of the huge jump in capital spending we are now having problems with the capacity of our contractors,” Singson explained.
“Some contractors are keeping their financial contracting capacity. I am requiring the contractors to upgrade their equipment so they can increase their financial contracting capacity,” he added.
“To address this issue of corruption, we need the support of the private sector. They have to abide by the bidding rules,” he said. filprimehomes
Source: ManilaBulletin
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