2018-09-20

NPM No. 026-2018

Requesting Entity: Catanduanes State University

Issues Concern: Forfeiture of Performance Security

 

Details

Whether or not the government agency may forfeit the entire amount of the posted performance bond in case of non-completion of the project and blacklisting with the Government Procurement Policy Board despite the projects are already 95% and 69% completed


[A] government agency shall forfeit the entire performance security in case of non-completion of the project, and blacklist the bidder except in instances where partial delivery or performance is allowed.