2024 Business and Accountancy Catalog

REGULATORY FRAMEWORK AND LEGAL ISSUES IN BUSINESS II

ARTICLE XX THE GOVERNMENT PROCUREMENT POLICY BOARD ͳͶͳ ”‰ƒ‹œƒ–‹‘ƒ† — –‹‘• ͳͶͳ Š‡ ‡ Š‹ ƒŽ—’’‘”–ˆˆ‹ ‡ ͳͶʹ ARTICLE XXI PENAL CLAUSE ͳͶ͵ ARTICLE XXII CIVIL LIABILITY ͳͶͷ ‹“—‹†ƒ–‡†ƒƒ‰‡• ͳͶͷ ARTICLE XXIII ADMINISTRATIVE SANCTIONS ͳͶͷ ”‡˜‡–‹˜‡—•’‡•‹‘ ͳͶ͹ ARTICLE XXIV LEGAL ASSISTANCE AND INDEMNIFICATION OF BAC MEMBERS ͳͶ͹ ”‹˜ƒ–‡‡‰ƒŽ••‹•–ƒ ‡ ͳͶ͹ ARTICLE XXV FINAL PROVISIONS ͳͶͺ ”—‡‘” ƒŽ•‡ ͳͷͲ —Ž–‹’Ž‡Š‘‹ ‡—‡•–‹‘• ͳͷͳ   ANTI-MONEY LAUNDERING ACT OF 2001/REPUBLIC ACT NO. 9160, AS AMENDED  –‹Ǧ‘‡›ƒ—†‡”‹‰ – ͳ͸ͷ Šƒ–‹•‘‡›ƒ—†‡”‹‰ǫ ͳ͸ͷ ‘˜‡”‡†‡”•‘• ͳ͸ͺ ‡•‹‰ƒ–‡†‘Ǧ ‹ƒ ‹ƒŽ—•‹‡••‡•ƒ†”‘ˆ‡••‹‘•ȋ Ȍ ͳ͹Ͳ —’‡”˜‹•‹‰—–Š‘”‹–› ͳ͹Ͳ ”‹ƒ”›—–‹‡•‘ˆ‘˜‡”‡†‡”•‘• ͳ͹Ͳ ‘˜‡”‡†”ƒ•ƒ –‹‘ ͳ͹ͳ —•’‹ ‹‘—•”ƒ•ƒ –‹‘ ͳ͹ͳ —•’‹ ‹‘—•‹” —•–ƒ ‡ ͳ͹ʹ ‘‡–ƒ”› •–”—‡– ͳ͹ʹ ”ƒ•ƒ –‹‘ ͳ͹͵ Žƒ™ˆ—Ž –‹˜‹–‹‡• ͳ͹͹ ”‡ ‹‘—•‡–ƒŽ• ͳ͹ͻ ”‡ ‹‘—•–‘‡• ͳ͹ͻ ‡™‡Ž”› ͳ͹ͻ ƒ‹‰’‡”ƒ–‹‘• ͳͺͳ ’’”‘’”‹ƒ–‡ ‘˜‡”‡–‰‡ ›ȋ Ȍ ͳͺͳ ‘‡›ƒ—†‡”‹‰ ͳͺʹ —”‹•†‹ –‹‘˜‡”‘‡›ƒ—†‡”‹‰ƒ•‡• ͳͺ͵ ”‘•‡ —–‹‘‘ˆ‘‡›ƒ—†‡”‹‰ƒ•‡• ͳͺ͵ ‘’‘•‹–‹‘‘ˆ–Š‡ ͳͺ͸ ‹–›‹ŽŽ –‹‘• ͳͺ͸ ’‡”ƒ–‹‘ƒŽ †‡’‡†‡ ‡ ͳͺ͹ ‘ˆ‹†‡–‹ƒŽ‹–›ƒ†‡ —”‹–›‘ˆ‡ ‘”†•ƒ†”‡‹•‡• ͳͺ͹ ‘˜‡”‡†”ƒ•ƒ –‹‘‡’‘”– ͳͺͺ —•’‹ ‹‘—•”ƒ•ƒ –‹‘‡’‘”– ͳͺͺ ”ƒ•ƒ –‹‘ ͳͺͻ ‹ƒ ‹ƒŽ –‡ŽŽ‹‰‡ ‡‹– ͳͺͻ ˜‡•–‹‰ƒ–‹‘ƒ†ƒ™ˆ‘” ‡‡– ͳͻͲ ‘Ž‡•‘ˆ ‘˜‡”‡–‰‡ ‹‡•‹Ȁ ˆ‘” ‡‡– ͳͻͳ

”‹†‘Œ‡˜–ƒ•Ž—ƒ–‹‘ˆ‘”–Š‡”‘ —”‡‡–‘ˆ ‘‘†•ƒ† ˆ”ƒ•–”— –—”‡ ͺ͸ ‹†˜ƒŽ—ƒ–‹‘‘ˆŠ‘”–‹•–‡†‹††‡”•ˆ‘”‘•—Ž–‹‰‡”˜‹ ‡• ͺͺ ARTICLE X POST-QUALIFICATION ͻʹ — –‹‘‘ˆ‘•–Ǧ—ƒŽ‹ˆ‹ ƒ–‹‘ ͻʹ ”‘ —”‡‡–”‘ ‡••˜•Ǥ‘•–—ƒŽ‹ˆ‹ ƒ–‹‘–ƒ‰‡ ͻ͵ „Œ‡ –‹˜‡ƒ†”‘ ‡••‘ˆ‘•–Ǧ—ƒŽ‹ˆ‹ ƒ–‹‘ ͻͶ ƒ‹Ž—”‡‘ˆ‹††‹‰ ͻͺ ‹‰Ž‡ƒŽ —Žƒ–‡†Ȁƒ–‡†ƒ†‡•’‘•‹˜‡‹†—„‹••‹‘ ͳͲͲ ARTICLE XI AWARD, IMPLEMENTATION AND TERMINATION OF THE CONTRACT ͳͲͲ ‘–‹ ‡ƒ†š‡ —–‹‘‘ˆ™ƒ”† ͳͲͳ ‘–”ƒ –‹‰‹‰ ͳͲ͵ ‘–”ƒ –’’”‘˜ƒŽ„› ‹‰Š‡”—–Š‘”‹–› ͳͲ͵ ‘–‹ ‡–‘”‘ ‡‡† ͳͲͶ ‡”‹‘†‘ˆ –‹‘‘”‘ —”‡‡– –‹˜‹–‹‡• ͳͲͶ —”›—–› ͳͲͷ ‡”ˆ‘”ƒ ‡‡ —”‹–› ͳͲ͸ ƒ‹Ž—”‡–‘–‡”‹–‘‘–”ƒ –ƒ†‘•–‡”ˆ‘”ƒ ‡‡ —”‹–› ͳͲͺ ‘–”ƒ – ’Ž‡‡–ƒ–‹‘ƒ†‡”‹ƒ–‹‘ ͳͳͲ ARTICLE XII DOMESTIC AND FOREIGN PROCUREMENT ͳͳͲ ”‘ —”‡‡–‘ˆ‘‡•–‹ ƒ† ‘”‡‹‰ ‘‘†• ͳͳͲ ARTICLE XIII BIDDING OF PROVINCIAL PROJECTS ͳͳͳ ARTICLE XIV LEASE OF COMPUTERS, COMMUNICATIONS, INFORMATION AND OTHER EQUIPMENT ͳͳʹ ‡ƒ•‡‘–”ƒ –• ͳͳʹ ARTICLE XV DISCLOSURE OF RELATIONS ͳͳ͵ ARTICLE XVI ALTERNATIVE METHODS OF PROCUREMENT ͳͳͷ Ž–‡”ƒ–‹˜‡‡–Š‘†• ͳͳ͸ ‹‹–‡†‘—” ‡‹††‹‰ ͳͳ͹ ‹”‡ –‘–”ƒ –‹‰ ͳͳͺ ‡’‡ƒ–”†‡” ͳͳͻ Š‘’’‹‰ ͳʹͲ ‡‰‘–‹ƒ–‡†”‘ —”‡‡– ͳʹͳ ‡”•ƒ†‘†‹–‹‘•ˆ‘”–Š‡—•‡‘ˆŽ–‡”ƒ–‹˜‡‡–Š‘†• ͳʹ͸ ‡”ˆ‘”ƒ ‡ƒ†ƒ””ƒ–›‡ —”‹–‹‡• ͳʹ͹ ARTICLE XVII PROTEST MECHANISM ͳʹͻ ”‘–‡•–•‘–Š‡‡ ‹•‹‘‘ˆ–Š‡ ͳ͵Ͳ ‡•‘Ž—–‹‘‘ˆ”‘–‡•–• ͳ͵ʹ ‘Ǧ‹–‡””—’–‹‘‘ˆ–Š‡‹††‹‰”‘ ‡•• ͳ͵ʹ ‡•‘”––‘‡‰—Žƒ”‘—”–• ͳ͵͵ ARTICLE XVIII SETTLEMENT OF DISPUTES ͳ͵Ͷ ”„‹–”ƒ–‹‘ ͳ͵Ͷ ’’‡ƒŽ• ͳ͵ͷ ARTICLE XIX CONTRACT PRICES AND WARRANTIES ͳ͵ͷ ‘–”ƒ –”‹ ‡• ͳ͵ͷ ƒ””ƒ–› ͳ͵͹

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