Last year Philippine National Police made the decision to purchase 60,000 Glock 17 pistols, but because Glock’s winning bid was a lot lower than their budget, they have decided to purchase an additional 14,000. MB.com.ph reports …
A total of P1.2 billion was allocated for the purchase of some 60,000 pieces of handguns but the PNP had saved some P200 million after the winning bidder pegged the price at some P998 million.
“The fund used for the purchase of the additional firearms was that savings,” said Collado in a press briefing at Camp Crame in Quezon City.
The Glock 17 Gen4 has a market price of more or less P40,000 but the PNP only bought it at a price of some P16,000 each.
This is the reason why the PNP was able to buy another 14,000 pieces of Glock pistols, according to Collado.
Sounds like Glock bid 20% lower than they could have gotten away with.
Many thanks to Chester for the tip.