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Showing 1–5 of 5 articles for “price escalation”

Accountability in Public Office: Mayor's Liability for Negligent Fund Disbursement

A mayor's approval of an unappropriated price escalation payment led to malversation and graft convictions, underscoring public officers' duty of diligence.

Understanding Probable Cause in Public Procurement: Insights From a Landmark Philippine Supreme Court Ruling

A mayor's conviction for graft and malversation over an illegal price escalation payment—key lessons on public fund disbursement.

Evident Bad Faith in Government Contracts: The Sarion Case on Price Escalation

A mayor's approval of price escalation payments without NEDA and GPPB approval led to graft and malversation convictions.

Price Escalation Clauses in Government Contracts: When Renegotiation Timing Matters

Supreme Court ruling on Creser Precision Systems clarifies how often price escalation can take effect under Philippine government contracts.

Mutuality of Contracts: No Unilateral Price Escalation Without Clear Basis

Contractors cannot unilaterally raise prices without proof and written authority. The Supreme Court explains mutuality of contracts.