NPM No. 092-2017
Requesting Entity: Quedan and Rural Credit Guarantee Corporation (QUEDANCOR)
Issues Concern: Engagement of Real Estate Brokers
Whether the engagement of real estate brokers for the sale of the properties of QUEDANCOR will be procured through competitive bidding
QUEDANCOR shall consider competitive bidding in the engagement of real estate brokers. However, depending on the need of the procuring entity, the time element to satisfy the need of the procuring entity and all other relevant circumstances, QUEDANCOR has the authority to decide on the appropriate method of procurement to engage the services of real estate brokers. In making a decision as to the procurement modality to be adopted, QUEDANCOR shall uphold the governing principles of Government Procurement as well as promote economy and efficiency, while obtaining the most advantageous terms for the government pursuant to Republic Act No. 9184 and its 2016 revised Implementing Rules and Regulations.