bid document for the work - IDCO

5. The Contractor shall provide at site required proper plant and machinery including testing
equipment’s instruments etc., for concrete at his own cost. The Contractor shall not be paid
anything extra for carrying out any test as directed either at site or at Laboratory. Incase of
Laboratory test, the name of the Laboratory or Institutions shall be suggested by IDCO.
6. INSURANCE AGAINST FIRE, ACCIDENT, DAMAGE AND THEFT:
a) The Contractor shall be responsible for the safe custody and storage of all equipment’s,
materials, construction tools, tackles and machinery at the site which are covered by this
contract. All Contractors’ equipment shall be at the sole risk of the Contractor. The
Contractor shall take necessary insurance cover for all tools, tackles and other
constructions equipment’s and machinery and materials, owned hired or used by the
Contractor for performance of the works but which does not form a part of the permanent
work. The Contractor shall take necessary action to protect all finished or partially finished
construction and protect adjacent or adjoining property, which might be damaged by the
process of construction or erection. All expenses incurred for ensuring the above shall be at
the Contractor’s account.
b) The Contractor shall at the time of signing the contract insure the works and keep them
insured unit the completion of the contract against loss or damage by fire, theft or other
accident in an Office to be approved by IDCO, in the joint names of the owner and
Contractor (the name of the former being placed first in the policy) for full amount of the
contract and for any further sum called upon to do so by IDCO, the premium of such further
sum being allowed to the Contractor as an authorized extra. Such policy shall cover the
property of the IDCO only, fees for assessing the claim and in connection with the Service
generally therein, and shall not cover any property of the Contractor or any sub-contractor
or Employees. The Contractor shall deposit the policy and receipt for the premiums with the
IDCO within Twenty-one days from the date of signing the contract unless otherwise
instructed by IDCO. In default of the Contractor insuring as provided above, IDCO on his
behalf may so insure and may deduct the premiums paid from any money due or which
may become due to the Contractor. The Contractor shall as soon as the claim under policy
is settled or the work reinstated by the Insurance Office, should then select to do so,
proceed with all due diligence with the completion of the works in the same manner as
though the fire had not occurred and in all respects under the same conditions of the
contract, the Contractor in case of rebuilding or reinstatement after fire, shall be entitled to
such extension of time for completion as IDCO deems fit.
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