Presidential Decree No. 906 (PD 906) — AMENDING SECTION 2 OF PRESIDENTIAL DECREE No. 454 ENTITLED AMENDING THE PROVISIONS OF SECTION 10 (b) OF REPUBLIC ACT No. 5979 TO AUTHORIZE ADJUSTMENT OF CONTRACT PRICES FOR GOVERNMENT PROJECTS UNDER CERTAIN CONDITIONS.
Presidential Decree No. 906 (PD 906) — AMENDING SECTION 2 OF PRESIDENTIAL DECREE No. 454 ENTITLED AMENDING THE PROVISIONS OF SECTION 10 (b) OF REPUBLIC ACT No. 5979 TO AUTHORIZE ADJUSTMENT OF CONTRACT PRICES FOR GOVERNMENT PROJECTS UNDER CERTAIN CONDITIONS.
Data as of July 4, 2026 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
SECTION 1. Section 2 of Presidential Decree No. 454 is
hereby amended to read as follows:
"SEC. 2. Notwithstanding the provisions of Section 8
hereof, the initial adjustment of contract prices of projects covered by
this Decree shall not be earlier than six (6) months after the date of
bidding. Readjustments on the unit prices shall be made every six months
thereafter."
Done in the City of Manila in this 19th day of March, in the year
of Our Lord nineteen hundred and seventy-six.
(Sgd.)
FERDINAND E. MARCOS
President
Republic of the Philippines
By the President:
(Sgd.)
JACOBO C. CLAVE
Presidential Executive Assistant
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
