The Department of Budget and Management (DBM) has launched a public procurement system which aims to provide solution to difficulties encountered by government agencies and merchants because of the current system’s increased traffic.
Known as the Philippine Government Electronic Procurement System (PhilGEPS) version 1.5, the new system is an improved version of the online procurement channel with a more sophisticated software for an ensured reliability and performance.
According to Budget Secretary Benjamin E. Diokno, the said portal is in line with their thrust in providing a “more streamlined and efficient public procurement system.”
“One way to secure timely and transparent use of public funds especially with our huge PhP 3.8-trillion budget, is by having a good electronic procurement system,” Diokno said.
PhilGEPS 1.5 has improved services that allow government agencies to post their bids and awards information online.
Aside from this, the portal also serves as a platform where registered contractors, merchants and consultants will be able to participate in the procurement of goods, civil works, and consulting services.
The DBM explained that the PhilGEPS 1.5 is a temporary upgrade of the current version of the e-portal until a modernized GEPS is up and running. Switching to a more modern GEPS is slated to be finished next year.