Submission of the Committee on Price Adjustment Report to the NEDA
Letter of Instructions No. 218, issued on October 14, 1974, mandates the Secretary of Public Works, Transportation and Communications and the Secretary of Public Highways to submit the decisions of the Committee on Price Adjustment to the National Economic and Development Authority (NEDA) for review and approval. This is in line with the provisions of Presidential Decree Nos. 454 and 459, which govern contract price adjustments for public works projects. The decisions made by NEDA will be final upon the President's approval, and NEDA will no longer have representation on the Committee. The directive aims to ensure consistency and reasonableness in the adjustments of contract prices.
Law Information
- Reference Number
- Letter of Instructions No. 218
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 14, 1974
LETTER OF INSTRUCTIONS NO. 218
| TO | : | The Secretary of Public Works, Transportation and Communications |
| The Secretary of Public Highways | ||
| (As Chairman and Co-Chairman of the Committee on Price Adjustment) | ||
| The Director General, NEDA |
In view of the need to ensure that the adjustments of contract prices of public works projects, pursuant to Presidential Decree No. 454, as amended by Presidential Decree No. 459, are reasonable and consistent, I hereby order you to submit to the National Economic and Development Authority (NEDA) the decisions of the Committee for review and approval. The decisions of the NEDA on the actions of the Committee shall be final upon approval by the President. cd i
The NEDA shall no longer be represented in the Committee on Price Adjustment.
DONE in the City of Manila, this 14th day of October, in the year of Our Lord, Nineteen Hundred and Seventy-Four. cd i
Cite This Law
Submission of the Committee on Price Adjustment Report to the NEDA, Letter of Instructions No. 218, Oct 14, 1974 (Philippines)
Submission of the Committee on Price Adjustment Report to the NEDA, Letter of Instructions No. 218 (Phil. 1974)
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