EXECUTIVE ORDER NO. 381 November 27, 1989
AUTHORIZING THE NATIONAL POWER CORPORATION TO ENTER INTO NEGOTIATED CONTRACTS BEYOND THE PRESENT CEILINGS FOR INFRASTRUCTURE PROJECTS
WHEREAS, there is an urgency in the implementation of the projects being undertaken by the National Power Corporation;
WHEREAS, in view of said urgency, there is a need to authorize the Governing Board of the National Power Corporation to enter into negotiated contracts beyond the present ceilings for infrastructure projects.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by virtue of the powers vested in me by law, do hereby authorize the Governing Board of the National Power Corporation to enter into negotiated contracts for infrastructure projects not exceeding five hundred million pesos (P500 Million); Provided, That said contracts shall only be rewarded in strict compliance with Section 5 of Executive Order No. 164, S. of 1987.
Negotiated contracts involving more than P500 Million shall only be entered into upon prior authority from the Office of the President.
This Executive Order shall take effect immediately.
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Executive Orders
Authorizing the National Power Corporation To Enter Into Negotiated Contracts Beyond the Present Ceilings For Infrastructure Projects
Executive Order No. 381
Summary of Executive Order No. 381
Authorizing the National Power Corporation to Enter into Negotiated Contracts Beyond the Present Ceilings for Infrastructure Projects
- Recognizes the urgency in implementing projects undertaken by the National Power Corporation. (Preamble)
- Authorizes the Governing Board of the National Power Corporation to enter into negotiated contracts for infrastructure projects not exceeding five hundred million pesos (P500 Million). (Section 1)
- Requires strict compliance with Section 5 of Executive Order No. 164, S. of 1987 for awarding such contracts. (Section 1)
- Requires prior authority from the Office of the President for negotiated contracts involving more than P500 Million. (Section 2)
- Issued by President Corazon C. Aquino, exercising powers vested by law. (Opening and Closing)
- Took effect immediately upon issuance on November 27, 1989. (Closing)
Authorizing the National Power Corporation to Enter into Negotiated Contracts Beyond the Present Ceilings for Infrastructure Projects
- Recognizes the urgency in implementing projects undertaken by the National Power Corporation. (Preamble)
- Authorizes the Governing Board of the National Power Corporation to enter into negotiated contracts for infrastructure projects not exceeding five hundred million pesos (P500 Million). (Section 1)
- Requires strict compliance with Section 5 of Executive Order No. 164, S. of 1987 for awarding such contracts. (Section 1)
- Requires prior authority from the Office of the President for negotiated contracts involving more than P500 Million. (Section 2)
- Issued by President Corazon C. Aquino, exercising powers vested by law. (Opening and Closing)
- Took effect immediately upon issuance on November 27, 1989. (Closing)