On many occasions, the terms organization and company are used synonymously, giving them a similar definition. However, both have marked differences. To gain a better understanding of the differences, it is important to know the definition of each of them. Generally the term “company” indicates a particular kind of business dealing in a specific product. An organization is the larger form and generally comprises of a number of companies. Simply, a company is an organization, but an organization is not just a company. Further, a company is considered as a separate legal entity whereas the same may not be in case of the term of organization, as used in common parlance.
he provisions of this IRR are in line with the commitment of the GoP to promote good governance and its effort to adhere to the principles of transparency, accountability, equity, efficiency, and economy in its procurement process. It is the policy of the GoP that procurement of Goods, Infrastructure Projects and Consulting Services shall be competitive and transparent, and therefore shall undergo competitive bidding, except as provided in Rule XVI of this IRR.
Section 3. Governing Principles on Government Procurement
The procurement of the GoP shall be governed by these principles:
a) Transparency in the procurement process and in the implementation of procurement contracts through wide dissemination of bid opportunities and participation of pertinent non-government organizations.
b) Competitiveness by extending equal opportunity to enable private contracting parties who are eligible and qualified to participate in competitive bidding.
c) Streamlined procurement process that will uniformly apply to all government procurement. The procurement process shall be simple and made adaptable to advances in modern technology in order to ensure an effective and efficient method.
d) System of accountability where both the public officials directly or indirectly involved in the procurement process as well as in the implementation of procurement contracts and the private parties that deal with GoP are, when warranted by circumstances, investigated and held liable for their actions relative thereto.
e) Public monitoring of the procurement process and the implementation of awarded contracts with the end in view of guaranteeing that these contracts are awarded pursuant to the provisions of the Act and this IRR, and that all these contracts are performed strictly according to specifications.
The Procurement Law applies to the vast majority of all the processes involved in procurement of goods supported by the Philippine Government. This Law provides a set of standards so as to ensure that every bit of the Philippine peso is spent for the benefit of the nation.
