Amending Section 2 Of Presidential Decree No. 454 Entitled Amending The Provisions Of Section 10 (B) Of Republic Act No. 5979 To Authorize Adjustment Of Contract Prices For Government Proje
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Amending Section 2 Of Presidential Decree No. 454 Entitled Amending The Provisions Of Section 10 (B) Of Republic Act No. 5979 To Authorize Adjustment Of Contract Prices For Government Proje
Presidential Decree No. 906
March 19, 1976
Case Overview and Summary
Amending Section 2 of Presidential Decree No. 454- Adjustments of contract prices for government projects:
- Initial adjustment shall not be earlier than six (6) months after the date of bidding. (Section 2)
- Readjustments on unit prices shall be made every six (6) months thereafter. (Section 2)
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Executive Issuances
Presidential Decrees
contract prices
government projects
price adjustments
bidding
unit prices
readjustments
Presidential Decree No. 454
Presidential Decree No. 906
Law
Amending Section 2 Of Presidential Decree No. 454 Entitled Amending The Provisions Of Section 10 (B) Of Republic Act No. 5979 To Authorize Adjustment Of Contract Prices For Government Proje
Presidential Decree No. 906
•March 19, 1976
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 906 March 19, 1976
AMENDING SECTION 2 OF PRESIDENTIAL DECREE NO. 454 ENTITLED AMENDING THE PROVISIONS OF SECTION 10 (b) OF REPUBLIC ACT NO. 5979 TO AUTHORIZE ADJUSTMENT OF CONTRACT PRICES FOR GOVERNMENT PROJECTS UNDER CERTAIN CONDITIONS
I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree and order:
Section 1. Section 2 of Presidential Decree No. 454 is hereby amended to read as follows:
"Sec. 2. Notwithstanding the provisions of Section 3 hereof, the initial adjustments of contract prices of projects covered by this decree shall not be earlier than six (6) months after the date of bidding. Readjustments on the unit prices shall be made every six months thereafter."
Done in the City of Manila this 19th day of March, in the year of Our Lord nineteen hundred and seventy-six.
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