Unrecouped Advances from Terminated/Rescinded Projects
Department of Public Works and Highways · 2023
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe department paid contractors advance money for projects, but when those projects were cancelled, it did not get the money back. Many district offices have recovered only a small portion, leaving over P351 million outstanding and at risk of loss.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"b) Unrecouped advances from terminated/rescinded projects – P351,735,468.10"