MANILA - The implementing rules and regulations (IRR) of the New Government Procurement Act have been published, the Department of Budget and Management (DBM) said Tuesday.

In a statement, Budget Secretary Amenah Pangandaman said the IRR was approved on February 4--only a little over six months since President Ferdinand Marcos Jr. signed Republic Act No. 12009 into law.

"Under Republic Act No. 12009, data and documents at all stages of procurement—from planning to contract implementation—will now be disclosed for public monitoring," Pangandaman said.

"This is one of the fastest, if not the fastest crafting of an IRR, which usually takes years," she noted.

Under the New Government Procurement Act, the purchasing process is shortened from three months to just 60 days by standardizing procurement forms and institutionalizing electronic procurement.

The law provides for 11 new modes of procurement, giving government greater flexibility in choosing how to best acquire goods and services.

The law also introduces the “Most Economically Advantageous Responsive Bid” concept, which considers both the quantitative and qualitative value of any proposal.

Marcos Jr. said this is an alternative to the practice of choosing the lowest bid.

“This will ensure that we get not only the best prices but the best deals for our clients, the Filipino people,” Marcos said at thelaw's signing.

DBM approves new guidelines on e-purchases of gov't supplies