State auditors said the funds were given to the two government-owned and controlled corporations despite the absence of Programs of Work (POW) and Cost Benefit Analysis. The POW “is an indispensable requirement that indicates the scope of work to be done, equipment/materials/items to be procured, the total project cost and the basis of the Approved Budget for the Contract,” the COA report explained. State auditors also said that a Cost Benefit Analysis was supposed to have been conducted by the DOTC management in order to ascertain that the project will be beneficial not only to the government but also to the passengers of MRT 3. The audit team noted that the project cost should have been determined first by the DOTC, LRTA and MIAA as the procuring agencies prior to the transfer of funds as required under the rules.
Posted on: Wed, 31 Jul 2013 22:56:10 +0000
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