Section 10
SECTION 10. Exemption — To ensure that the authority will be able to operate with utmost flexibility, it shall be exempted from the existing requirements as to centralized Government purchasing under LOI No. 755, The Public bidding requirement under LOI No. 794, the review of contracts by the Presidential Review Committee envisioned under LOI No. 620 as amended by LOI Nos. 646, 653, 1012 and Memorandum Circular No. 1012, and the provisions of P.D. Nos. 1585 and 1594 prescribing, policies, guidelines, rules and regulations for infrastructure contracts, and standard conditions for government contracts, concessions licenses, etc, involving exploration, development, exploitation and utilization of natural resources, respectively.