![]() The directive was signed by COA Chairman Michael G. “All government agencies which have an existing contract involving lease of government building and/or lands with private entities/individuals are required to submit …a certified true copy of contracts within 15 days of publication of this circular or upon the execution of the contract,” the COA said. Thus, to check the reasonableness or the terms and rates of government properties leased …it is imperative to review such contracts,” the Commission said.Īnticipating that there will be technical issues pertaining to the computation of fair rates given the location, zonal values, area improvements, and existing facilities involved, the evaluation has been entrusted to the Technical Services Office (TSO) under the COA’s Systems and Technical Services Sector (STSS). “Results of the audit disclosed that some agencies did not adhere to the guidelines as there are contracts which were found to be disadvantageous of the interest of the government. ![]() ![]() 2019-005 dated August 7, 2019, the COA said the inquiry was prompted by numerous findings that some government agencies have entered into lease contracts that are favorable to the tenant or occupant. THE Commission on Audit will review all contracts involving government structures and lands leased to private firms, organizations, or persons. ![]()
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