Submission to the President for Approval of All Contracts Awarded by Infrastructure Agencies Involving P10 Million
Letter of Instructions No. 1012, issued on April 19, 1980, mandates that all infrastructure contracts over ten million pesos (?10,000,000) awarded through domestic competitive bidding must receive approval from the President of the Philippines. Additionally, contracts resulting from international competitive bidding for foreign-assisted projects exceeding forty million pesos (?40,000,000) also require presidential approval. Any contracts executed without this approval are deemed null and void. Furthermore, existing regulations, including LOI No. 620, are modified or repealed as necessary to align with these new requirements. All relevant offices must inform the Office of the President about such contracts.
Law Information
- Reference Number
- Letter of Instructions No. 1012
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 19, 1980
LETTER OF INSTRUCTIONS NO. 1012
| TO | : | All Heads of Ministries, Bureaus, |
| Offices, Agencies and Instrumentalities | ||
| of the National Government, including | ||
| Government-Owned or Controlled Corporations | ||
| All Concerned |
Effective immediately, all contracts awarded by infrastructure agencies through competitive bidding domestically for infrastructure projects which are locally funded, or if foreign-assisted do not require international bidding involving an amount of more than ten million pesos (P10,000,000) shall be subject to the approval of the President of the Philippines.
Contracts which are awarded by infrastructure agencies as a result of international competitive bidding for infrastructure projects which are foreign-assisted and whose awards require concurrence of foreign financing institution, involving an amount of more than forty million pesos (P40,000,000) shall likewise be subject to the approval of the President.
Any such contracts entered into without the approval required herein shall be null and void and of no force and effect.
Contracts entered into by other national government offices, agencies and instrumentalities, including government-owned or controlled corporation shall continue to be governed by LOI No. 620. The Office of the President shall be immediately informed of such contracts. casia
All orders, rules and regulations, and letter of instructions inconsistent with these including but not limited to LOI 620 are hereby repealed or modified accordingly.
DONE in the City of Manila, this 19th day of April, in the year of Our Lord, Nineteen Hundred and Eighty. casia
Cite This Law
Submission to the President for Approval of All Contracts Awarded by Infrastructure Agencies Involving P10 Million, Letter of Instructions No. 1012, Apr 19, 1980 (Philippines)
Submission to the President for Approval of All Contracts Awarded by Infrastructure Agencies Involving P10 Million, Letter of Instructions No. 1012 (Phil. 1980)
Related Laws
- Submission to the President for Approval of All Contracts Involving P2 Million and AboveLetter of Instructions No. 620 • Oct 25, 1977 • Presidential Issuances
- Repealing E.O. No. 109-A (s. 2003) Re: Rules and Procedures on the Review and Approval of All Government ContractsExecutive Order No. 423 • Apr 30, 2005 • Presidential Issuances
- Amendments to E.O. No. 109 (s. 2002) Re: Review and Approval of Government ContractsExecutive Order No. 109-A • Sep 18, 2003 • Presidential Issuances
- Review of All Government Contracts by the Government Corporate Counsel Prior to Approval of the PresidentLetter of Instructions No. 1096 • Dec 16, 1980 • Presidential Issuances
- Providing for the Cabinet Standing Committee to Assume Pertinent Functions Relative to the Review and Approval of ContractsLetter of Instructions No. 1417 • Jul 18, 1984 • Presidential Issuances
- Policies, Guidelines, Rules and Regulations for Government Infrastructure ContractsPresidential Decree No. 1594 • Jun 11, 1978 • Presidential Issuances
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