Standard Insurance Co., Inc. recently renewed its Platinum Membership with PhilGEPS or the Philippine Government Electronic Procurement System. This is the government’s official online procurement portal, bridging local Small and Medium Enterprises (SME) with government projects through an online bidding.
The government-related entities such as local government units (LGUs), bureaus and government-owned entities such as state colleges and universities, are mandated to use PhilGEPS to procure their suppliers. These suppliers can work with the government for simple projects such as supplies procurement worth PhP 100,000 or less, or for big projects worth millions.
There are 2 kinds of membership that can be applied for on the PhilGEPS website - either a Red membership and the Platinum membership, the latter having advantages and preferences extended by PhilGEPS.
Standard Insurance’s renewed Platinum membership enables the branches nationwide to bid to provide the insurance needs of local government entities such as LGUs or state universities and colleges.