Published: July 1, 2020 | Posted by: Moneymax | Government Services
An efficient way to broaden your business opportunities is by tapping government agencies as a potential clientele. These agencies hold many of the biggest project bids for goods and services in the country.
Transacting with the government may require you to undergo various procedures and submit a lot of documents, but it can help grow your business in the long run. This is where PhilGEPS or the Philippine Government Electronic Procurement System comes in.
In this article, you will learn how government transactions can benefit your business and how you can bid on government contracts using PhilGEPS.
Table of Contents
Business to Government transactions or B2G are transactions made between an enterprise and the government. B2G is the sale and marketing of goods and services to local, regional, and national agencies. It can be as simple as a small business providing catering services to a local government or a business as huge as a tech company providing cyber security to the national government. Below are the benefits of B2G:
Now that you know the advantages of business to government transactions, you need to learn how to participate in government bids. Fortunately, the Philippine government has made the procurement process more efficient with PhilGEPS, an online portal where government agencies post their procurement requirements and where merchants can bid for contracts.
The Philippine Government Electronic Procurement System or PhilGEPS is an online portal where businesses and contractors can access the requirements for government procurement. It was established to automate the procurement process and to strengthen transparency in government contracts. PhilGEPS also helps suppliers address different issues related to bidding submissions and adherence to the procurement procedure.
Suppliers and contractors can access government bid opportunities 24/7 through PhilGEPS. They can also get a copy of electronic bid documents online. Additionally, the online portal provides information on government bid projects that can help market research and business decisions.
PhilGEPS provides information about procurement rules and regulations that suppliers and contractors should know. It also has the following features:
National government agencies, government-owned and controlled corporations, government financial institutions, state universities and colleges, as well as local government units are all required to use PhilGEPS.
Suppliers, manufacturers, consultants, and contractors should also register to bid. To create a PhilGEPS account, follow these steps:
PhilGEPS registration is not automatic. You need to wait for the confirmation email before you can gain access, which typically takes 24 to 48 hours.
There are two membership types you can use in PhilGEPS:
Once registered, you automatically get a free membership. It allows you to access government procurement projects through the PhilGEPS website. However, you cannot bid using a free account.
This membership allows you to view procurement projects and bid through the PhilGEPS website. It will also get you an issued certificate required for most government procurement contracts. However, this membership costs PHP 5,000 annually. You have to submit the following documents to get a platinum membership:
Once your documents are verified, you can pay the membership fee through any Landbank branches or directly at the PhilGEPS office. It takes two to three working days to process a platinum membership application.
While there are many layers of procedures and requirements you have to overcome before bidding for government contracts, PhilGEPS can help you address these hurdles. A Platinum membership gets you a certificate required for most government contracts. It also lets you bid online for such contracts. B2G transactions can help grow your business by improving its credibility, creating a stable source of income, and expanding your network.
Source:  PhilGEPS Official Website
With a goal to help Filipinos lead healthier financial lives, Moneymax regularly publishes tips and tricks on personal finance and lifestyle, among many other topics. For more finance-related news and articles, follow Moneymax on Linkedin.