SECTION 1
SECTION 1. There is hereby created a Technical Committee which shall have the following functions:
a) Review and recommend to the President appropriate action on such contracts or agreements requiring Presidential approval as may, from time to time, be referred to it by the President;
b) Prepare studies and reports, as may be requested by the President, in connection with said contracts and agreements, including but not limited to procedures and guidelines for ensuring fairness, efficiency, and honesty in the award as well as in the content thereof.
SECTION 2
SECTION 2. The Technical Committee shall be composed of the heads of the Government Financial Institutions, namely, the DBP, PNB, GSIS, SSS, and LBP. The members of the Committee shall elect who among them shall be its Chairman.
SECTION 3
This Administrative Order shall take effect immediately
SECTION 3 This Administrative Order shall take effect immediately.
DONE in the City of Manila, this 10th day of November, in the year of Our Lord, nineteen hundred and eighty-seven.
(Sgd.)
CORAZON C. AQUINO
President of the Philippines
By the President:
(Sgd.)
CATALINO MACARAIG, JR.
Acting Executive Secretary