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Multi-Year Contract and Other Contractual Arrangements. (a) The BFP may enter into multi-year contracts or other contractual arrangements with local or foreign suppliers and contractors in the implementation of this Act, pursuant to the BFP Modernization Program, projects and appropriations approved by Congress, subject to the approval of the President, the provisions of existing laws and regulations including those of the Commission on Audit and under such terms and conditions most favorable to the government.
(b) For multi-year contracts, Congress shall, upon issuance of a multi-year obligational authority or contractual authority by the DBM, make the corresponding appropriation for the ensuing fiscal years:Provided,That the BFP and the DBM shall issue the implementing guidelines to ensure consistency with the BFP Modernization Program and existing guidelines in the contracting of multi-year projects.
(c) The Chief of the BFP shall submit to Congress, through the Chairpersons of the Senate Committee on Public Order and Dangerous Drugs and Finance and the Chairpersons of the House Committees on Public Order and Safety and Appropriations, copies of these multi-year contracts and other arrangements to enable Congress to appropriate funds therefor.
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