Delayed Submission of Infrastructure Contracts to COA
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency sent two large construction contracts to the government auditor one day after the deadline. One of these was a P2.37 billion contract for the New Senate Building, which is a significant breach of the required submission period.
Why It Matters
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Original Audit Finding Excerpt
"211,753,172.96 – Delayed for 1 day in the submission of contract to COA 2. UPMO – BSPMC – Hilmarc’s Construction Corporation – P2,375,254,934.32 – Delayed for 1 day in the submission of contract to COA"