Incomplete Submission of Performance Security Documents
National Housing Authority · 2024
This summary was generated automatically from the source document and may contain errors. It is not an official interpretation and should not be relied upon as legal guidance. Review the original excerpt and source document to verify before citing or acting on it.
What Happened?
Category: ProcurementIssue: Non-complianceThe insurance bond for one project was missing the official receipt and the required certificate from the insurance regulator.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"The Performance Security submitted for the Sikat Talisayan Housing Project is also not supported by an Official Receipt and is not accompanied by a Certificate of Accreditation or Authorization from the Insurance Commission, as required for surety providers."