Unrecouped Advances to Contractors
Department of Public Works and Highways · 2024
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceDPWH gave contractors upfront mobilization money but has not been able to get all of it back, even after the projects were completed or terminated. Some advances have been uncollected for a long time, and this problem was already reported last year.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Verification disclosed that dormant advances to contractors were still unrecouped as at year end."