The government saved P681.2 million last year as a result of a competitive, transparent and efficient procurement system, the Procurement Service (PS) of the Department of Budget and Management (DBM) said.
Last year’s total savings was the highest registered, compared to P661.775 million in 2020 and P559.094 million in 2021.
PS-DBM executive director Dennis Santiago in a statement yesterday vowed to continue implementing procurement reforms within the agency and elevate its level of service to greater heights.
The agency said for the past three years, the government has attained significant cost savings through bulk procurement and market price monitoring and validation.
The savings are computed from the difference between the total market selling price and the PS-DBM’s selling price for each common-use supplies and equipment (CSE) item. The total market selling price is based on the lowest price gathered in the conduct of price analysis/verification by PS-DBM prior to the conduct of procurement for each CSE item.
“Under one PS-DBM, we look forward to achieving ‘procurement transformation,’ not only in processes, procedures and products that we procure, but the over-all transformation of PS-DBM relative to its structure, system and human resources. I want a solid and overall transformation of PS-DBM,” Santiago said.
PS-DBM is mandated to serve as the central procurement arm for the common use of government supplies. Its creation is consistent with the adoption of a policy of economic and efficient manner in purchasing government materials. – Angela Celis
