PRESIDENTIAL DECREE NO. 906, March 19, 1976
AMENDING SECTION 2 OF PRESIDENTIAL DECREE No. 454 ENTITLED AMENDING THE PROVISIONS OF SECTION 10 (b) OF REPUBLIC ACT No. 5979 TO AUTHORIZE ADJUSTMENT OF CONTRACT PRICES FOR GOVE…
Presidential Decrees March 19, 1976
I, FERDINAND E. MARCOS, President of the Philippines, by
virtue of the powers vested in me by the Constitution, do hereby decree
and order:
virtue of the powers vested in me by the Constitution, do hereby decree
and order:
SECTION 1. Section 2 of Presidential Decree No. 454 is
hereby amended to read as follows:
“SEC. 2. Notwithstanding the provisions of Section 8
hereof, the initial adjustment of contract prices of projects covered by
this Decree shall not be earlier than six (6) months after the date of
bidding. Readjustments on the unit prices shall be made every six months
thereafter.”
Done in the City of Manila in this 19th day of March, in the year
of Our Lord nineteen hundred and seventy-six.
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(Sgd.)
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FERDINAND E. MARCOS | ||||||||
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President
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By the President: | ||||||||
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(Sgd.)
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JACOBO C. CLAVE | ||||||||
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Presidential Executive Assistant
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