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PRESIDENTIAL DECREE NO. 906
PRESIDENTIAL DECREE NO. 906 -
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 GOVERNMENT PROJECTS UNDER CERTAIN
CONDITIONS
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I,
FERDINAND E. MARCOS, President of the Philippines, by virtue of the
powers vested in me by the Constitution, do hereby decree and order:cralaw:red
Section 1. Section 2 of Presidential Decree No. 454
is hereby amended to read as follows:cralaw:red
"Sec. 2. Notwithstanding the provisions of Section 3
hereof, the initial adjustments 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 this
19th day of March, in the year of Our Lord nineteen hundred and
seventy-six.
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