Irregular Direct Awarding of Land and Warehouse
National Housing Authority · 2024
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What Happened?
Category: Asset DisposalIssue: Non-complianceNHA disposed of a property via direct negotiation without following proper regulatory rules, leading to difficulties in collecting balances and verifying correct property sizes.
Why It Matters
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Original Audit Finding Excerpt
"CY 2021 AAR Observation No. 24, Page 198: Direct awarding of land and warehouse at the former NHA - Dasmarinas Project Office to the buyer without meeting the requirements of sale thru negotiation mode of disposal is contrary to COA Circular No. 89-296, thereby, the NHA may have not obtained the best price for the property."