Date of Publication: 9 November 2026
Section 82 of Republic Act No. 12009, also known as the “New Government Procurement Act” (NGPA), provides that legal entities that participate in procurement projects shall safeguard the government from all acts that undermine a transparent, fair, and competitive procurement process. In this regard, the beneficial ownership information of the suppliers, manufacturers, distributors, contractors, or consultants shall be a requirement to participate in government procurement.
A “Beneficial Owner” refers to a natural person who: (i) ultimately owns or dominantly influences the management or policies of the juridical entity; or (ii) exercises ultimate effective control over the juridical entity [Section 5(b), Implementing Rules and Regulations, NGPA].
In Non-Policy Matter 033-2026, the Government Procurement Policy Board (GPPB) confirmed that “if the individual identified in the bidder’s GIS is determined, based on the applicable definition, to be a beneficial owner of the corporation, the failure to disclose such information in the required declaration constitutes non-compliance with the applicable beneficial ownership disclosure requirement”.
Furthermore, the GPPB highlighted that the fact that the Beneficial Ownership Declaration is stated in the Omnibus Sworn Statement to be consistent with the General Information Sheet, when the records submitted by the bidder appear to show otherwise, is likewise a matter that the Bids and Awards Committee should evaluate in determining the bidder’s compliance with the documentary requirements and the truthfulness and completeness of its submissions.