Procurement Service (PS)- Department of Budget and Management (DBM) Executive Director Dennis Santiago recently announced that government generated P681,198,056.73 in savings in 2022—result of a competitive, transparent and efficient procurement system.
Last year’s total savings registered the highest at P681.198 million, compared to P661.775 million in 2020 and P559.094 million in 2021.
Santiago credited the men and women of PS-DBM for their hard work and sacrifice in ensuring competition, transparency and efficiency in the public procurement process.
Santiago also expressed gratitude to DBM Secretary Amenah F. Pangandaman for her full support and belief in the potential of PS-DBM, as he vowed to continue implementing procurement reforms within the agency and elevate its level of service to greater heights.
“Under one PS-DBM, we look forward to achieving ‘procurement transformation,’ not only in processes, procedures and products that we procure, but the over-all transformation of PS-DBM relative to its structure, system and human resources. I want a solid and over-all transformation of PS-DBM,” ED Santiago said.
For her part, Pangandaman hopes to see the good name of PS-DBM restored through reform initiatives of its officials and employees.
“Continue to foster hard work, integrity and service to our people, and ensure that the Filipino people get the most of every peso entrusted to the government,” Pangandaman said.
For the past three years, the government has attained significant cost savings through bulk procurement and market price monitoring and validation.
The savings are computed from the difference between the total market selling price and the PS-DBM’s selling price for each common-use supplies and equipment (CSE) item. The total market selling price is based on the lowest price gathered in the conduct of price analysis/verification by PS-DBM prior to the conduct of procurement for each CSE item.
PS-DBM was established through Letter of Instructions No. 755 on October 18, 1978 as an integrated procurement system for the national government and its instrumentalities.
The agency is mandated to serve as the central procurement arm for the common use of government supplies. Its creation is consistent with the adoption of a policy of economic and efficient manner in purchasing government materials.
