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RMC No. 15-2003: Publishes the full text of the “Implementing Rules and Regulations of Executive Order No. 40, Series of 2001,” which consolidates the procurement rules and procedures for all national government agencies, government-owned or controlled corporations and government financial institutions, and requires the use of the government electronic procurement system

April 1, 2003

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Summary

RMC No. 15-2003 publishes the full text of the Implementing Rules and Regulations of Executive Order No. 40, Series of 2001.

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Key points

Procurement rules. The Implementing Rules consolidate the procurement rules and procedures for all national government agencies, government-owned or controlled corporations and government financial institutions.
Electronic procurement. They also require the use of the government electronic procurement system.

Who is affected

National government agencies
Government-owned or controlled corporations
Government financial institutions

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.