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    Date: 2021-02-26 08:17:03.747070

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Clarification on the replacement of warranty security after payment

Requested from GPPB by A. Padilla at 08:17 AM on Feb 26, 2021.
Purpose: Clarification
Date of Coverage: 02/26/2021 - 02/26/2021
Tracking no: #GPPB-662491429936

Padilla 08:17 AM, Feb 26, 2021 

Good day.

May we clarify whether the replacement of the form of warranty security after payment has been made is allowed for the procurement of goods.

The supplier has been paid in full and we had already withheld 2.5% retention money as warranty security for the procured goods, the warranty period is 3 years. The supplier now wants to replace it with a bank guarantee. Our question is, is it allowed?

May we also be enlighted on the rules of partial release of retention money?

Thank you.


February 28, 2021

Dear Mr. Padilla,

Greetings!

Thank you for your request dated Dec 10, 2020 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your request

You asked for Clarification on the replacement of warranty security after payment.

Response to your request

Please be informed that your inquiry has been deemed not to be within the purview of the Freedom of Information (FOI) Guidelines as the nature of your request is of a request for legal opinion / assistance under Republic Act (RA) No. 9184 and its revised 2016 Implementing Rules and Regulations (IRR).

It is advised that you forward your inquiries to the email address legal@gppb.gov.ph for appropriate action.

Thank you.

Respectfully,
GPPB-TSO FOI Receiving Officer

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