Section 1
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