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Items to be included in the APP

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Items to be included in the APP

Post by Marilou Lacsina on Thu Aug 05, 2010 10:16 am

I would just like to inquire whether insurance premiums should be included in the APP Question
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Re: Items to be included in the APP

Post by RDV @ GP3i on Thu Aug 05, 2010 11:16 am

Marilou Lacsina wrote:I would just like to inquire whether insurance premiums should be included in the APP Question

What is the insurance premium for?
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Re: Items to be included in the APP

Post by Marilou Lacsina on Thu Aug 05, 2010 2:16 pm

Sir the insurance premium is for property insurance, fidelity bonds and the like, paid to GSIS
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Re: Items to be included in the APP

Post by RDV @ GP3i on Thu Aug 05, 2010 2:59 pm

Marilou Lacsina wrote:Sir the insurance premium is for property insurance, fidelity bonds and the like, paid to GSIS

Am really not sure if it would fall under procurement of Goods and Services. From the definition of Goods, it may fall under "related" or "analogous services", which, from the definition, "shall include, but not limited to, lease or purchase of office space, media advertisements, health maintenance services, and other services essential to the operation of the procuring entity."

When you take an insurance, the service is contingent upon the happening of an uncertain event, such as fire or a loss. Meantime, you are paying for such contingent service in the form of a premium. If that kind of service would fall under the term "related" or "analogous services", then certainly you need to include in the APP. If it is paid to GSIS, the mode of procurement anyway is Negotiated Procurement. If it is not included in the APP, I personally believe that it is not much of an issue, except when the services are to be made available to the private sector, in which case a public bidding may need to be undertaken.
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Re: Items to be included in the APP

Post by Marilou Lacsina on Thu Aug 05, 2010 5:31 pm

Thank you po ulit, Sir.

This portal is really very helpful.
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Re: Items to be included in the APP

Post by sunriser431 on Mon Aug 09, 2010 11:57 pm

Republic Act 656 mandates all heads of government offices to secure from the General Insurance Fund administered by GSIS all insurance covering properties and other insurable risks of natural and manmade disasters or calamities.
Full text of RA#656 for reference. http://www.chanrobles.com/republicacts/republicactno656.html bounce
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Re: Items to be included in the APP

Post by Marilou Lacsina on Wed Aug 18, 2010 2:28 pm

thanks po
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Re: Items to be included in the APP

Post by sunriser431 on Thu Aug 19, 2010 10:05 pm

Marilou Lacsina wrote:thanks po
no problem Marilou L. , you are welcome. Smile
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Re: Items to be included in the APP

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