RELEASING BUDGET AND ENDORSING RECEIPTS PROCEDURES

Approved Material Request

form/ P.O/ Quotation by the Approved amount will be Check or cash voucher will
Project Director must be released through signed be issued to the person in
submitted to Gen. Mngr/ check or cash charge of the request
Finance Dept.

Upon payment, OR must be Check or Cash Voucher must

obtain as a proof and for be endorsed to the finance
liquidation dept together with ORs
FINANCE DEPARTMENT

Foundation/Direction/Functions
PERSON
Foreman/PM Facilitate MRF
Engineering Dept. Evaluate MRF
Project Director Approve MRF
Gen. Manager Release Budget
Finance Dept. Release Budget
PROCESS
PLACE Site to Office
PARTNERS Outsource Accountant Assist BIR Requirements
Suppliers