A congressman is seeking a cap on the bid prices of winning bidders for government projects to prevent delays in their completion, a press release from Congress said.

The proposal came from Rep. Erico Aumentado (2nd District, Bohol)  who said that contractors jockeying for government projects tend to understate the price of the project in their bid proposal to corner juicy projects.

Some even venture to propose bid prices costing less than 50 percent of the Approved Budget for the Contract or ABC just to ensure that they will get the project according to him, the press release said.

FTA info session in
Bacolod today

A Free Trade Area information session, “Doing Business in Free Trade Areas – Focus on the Japan Market,” will be conducted by the Department of Trade and Industry and the Bureau of Customs and the Tariff Commission at the Centro Planta Bacolod Hotel and Residences, in Bacolod City, 8 a.m. today,  a press release from DTI said.

The Philippines-Japan Economic Partnership Agreement, ASEAN FTA and a number of ASEAN Regional FTAs including ASEAN-China, ASEAN-Japan, ASEAN-Korea and ASEAN-Australia-New Zealand FTAs are now being implemented.

The FTAs bring a number of trade benefits, primarily tariff elimination or reduction which will make Philippine export products more competitive, the press release said.

House okays bottled water bill

The House of Representatives has approved on third and final reading House Bill 6388 regulating the sale of bottled water to protect consumers from trade malpractices and from substandard or hazardous products, a government press release said.

The "Safe Bottled Water Act of 2012", was principally authored by Reps. Rufus Rodriguez (Cagayan de Oro City, 2nde District) and Maximo Rodriguez, Jr. (Party-list, Abante Mindanao) and is co-authored by 44 lawmakers.

It directs the Department of Health to establish and enforce clear, concise, and un-coded uniform source labeling requirements for all bottled water products, including the original source of the water, type of water, type of treatment, the date of bottling, the address of the bottler, and provide numerical specification of sodium content.

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