Engineering Board Exam Reviewer · ECE · medium
A 'kickback' in procurement refers to:
- An illegal payment returned to an official or buyer in exchange for awarding a contract
- A legitimate volume discount on the invoice
- A warranty refund
- A bid security
Answer
A. An illegal payment returned to an official or buyer in exchange for awarding a contract
Solution
Kickbacks are corrupt practices under RA 3019.
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