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COA says proceeds from the sale of bid documents and liquidated damages collected during the year should be remitted to the Bureau of the Treasury (BTr).
It says in an audit report that “while government agencies can use 100 percent of the proceeds from sale of bid documents and liquidated damages to pay for honoraria of its personnel, excess amount should be remitted to the BTr.
Source: https://mb.com.ph/…/coa-says-navy-should-remit-p101-m-to-b…/
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