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PARTIAL PAYMENT OF WORKS UNDER SMALL VALUE PROCUREMENT

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PARTIAL PAYMENT OF WORKS UNDER SMALL VALUE PROCUREMENT

Post by amilan2018 on Thu May 17, 2018 4:50 pm

Sir/Madam:

Kindly give me legal reference relative to “partial payment” under SVP. Our case is like this: Our Office procured for the repainting of a building with an ABC of 400,000 thru SVP and now the Supplier/Contractor is requesting for a partial payment. Concerned personnel as to this matter do not have guidelines to rely on if this could be possible because the mode of procurement is SVP…only PO is issued to the Supplier/Contractor.

Thank you in advance for the quick response.

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Re: PARTIAL PAYMENT OF WORKS UNDER SMALL VALUE PROCUREMENT

Post by cupkick2017 on Mon Jun 25, 2018 4:41 pm

Partial payment is not allowed in SVP unless otherwise stipulated in the terms and conditions of the contract.

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Re: PARTIAL PAYMENT OF WORKS UNDER SMALL VALUE PROCUREMENT

Post by alpha1 on Wed Aug 29, 2018 11:40 am

Good day! Based on my interpretation of Sec 10 of the GCC of the PBD, partial may be allowed for goods delivered and services rendered. Depending on how you interpret that particular provision will somehow guide you with your actions.
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Re: PARTIAL PAYMENT OF WORKS UNDER SMALL VALUE PROCUREMENT

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