The Manila Times
UPDATE) THE Department of Public Works and Highways (DPWH) will try to recover the “bonds, warranties, and performance securities” posted by erring contractors so that public funds are not wasted on ghost and flawed flood control projects.Public Works Secretary Vince Dizon said over the weekend that the move is part of the DPWH’s efforts to ensure that erring contractors will not only go to jail but also return the billions of pesos they stole from the taxpayers.Dizon said flood control projects awarded in a public bidding have a five-year warranty.“It’s just like when you buy a television with a warranty…
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DPWH to recover contractors’ bonds
William B. Depasupil
05:19
UPDATE) THE Department of Public Works and Highways (DPWH) will try to recover the “bonds, warranties, and performance securities” posted by erring contractors so that public funds are not wasted on ghost and flawed flood control projects.Public Works Secretary Vince Dizon said over the weekend that the move is part of the DPWH’s efforts to
