We can pretend all day not to know. But the Filipino people have never been stupid not to see through such pretense. Let me give the breakdown. It is nasty. • 2% goes to the Commission on Audit as S.O.P. • 10% is given to the district engineer and other officials of the Department of Public Works and Highways. • 2% is passed on to the Barangay Chairman. • 14% goes to the contractor - 10% in profit and 4% as value-added tax, thank God! • 5-10%, if the Mayor or Governor so demands. • And - hold your breath - 20% of project cost is earmarked for the legislator who identifies the project. Shares sometimes vary depending on greed. Even the billboards that advertise the proponents of infrastructure projects are overpriced.
Posted on: Sat, 24 Aug 2013 22:54:15 +0000