Under-collection of liquidated damages
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency collected much less in late fees from contractors than it should have, and in some cases did not collect at all, leaving the government deprived of money it was owed for delays.
Why It Matters
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Original Audit Finding Excerpt
"Moreover, it was also noted that LD imposed and collected by the Management totaling P474,743.76 in 13 projects of two DEOs were found to be lower than the COA validated amount of P2,292,498.21, resulting in under collection of P207,220.16."