Proposed Renovation of Former Jacinto Building - Clark Freeport Zone

particularly when they shall require access to the Site. The Contractorshall also provide facilities and services for them during this period.The Procuring Entity may modify the schedule of other contractors,and shall notify the Contractor of any such modification thereto.6.10. Should anything of historical or other interest or of significant value beunexpectedly discovered on the Site, it shall be the property of theProcuring Entity. The Contractor shall notify the Procuring Entity’sRepresentative of such discoveries and carry out the Procuring Entity’sRepresentative’s instructions in dealing with them.6.11. The Contractor shall provide all the necessary equipment, personnel,instruments, documents and others to carry out specified tests.7. Performance Security7.1. Within ten (10) calendar days from receipt of the Notice of Award fromthe Procuring Entity but in no case later than the signing of thecontract by both parties, the Contractor shall furnish the performancesecurity in any the forms prescribed in ITB Clause 32.2.7.2. The performance security posted in favor of the Procuring Entity shallbe forfeited in the event it is established that the Contractor is indefault in any of its obligations under the Contract.7.3. The performance security shall remain valid until issuance by theProcuring Entity of the Certificate of Final Acceptance.7.4. The performance security may be released by the Procuring Entity andreturned to the Contractor after the issuance of the Certificate of FinalAcceptance subject to the following conditions:(a)(b)(c)There are no pending claims against the Contractor or thesurety company filed by the Procuring Entity;The Contractor has no pending claims for labor and materialsfiled against it; andOther terms specified in the SCC.7.5. The Contractor shall post an additional performance security followingthe amount and form specified in ITB Clause 32.2. to cover anycumulative increase of more than ten percent (10%) over the originalvalue of the contract as a result of amendments to order or changeorders, extra work orders and supplemental agreements, as the casemay be. The Contractor shall cause the extension of the validity of theperformance security to cover approved contract time extensions.48Clark Development CorporationSection IV General Conditions of ContractProposed Renovation of Former Jacinto Building(Motorpool, Records, Warehouses and Maintenance Area)