Asphalt Overlay of CDC Roads - Clark Freeport Zone

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(c)(d)Signing of the contract as provided in ITB Clause 31; andApproval by higher authority, if required.31. Signing of the Contract31.1. At the same time as the Procuring Entity notifies the successful Bidderthat its Bid has been accepted, the Procuring Entity shall send theContract Form to the Bidder, which Contract has been provided in theBidding Documents, incorporating therein all agreements between theparties.31.2. Within ten (10) calendar days from receipt of the Notice of Award, thesuccessful Bidder shall post the required performance security, signand date the contract and return it to the Procuring Entity.31.3. The Procuring Entity shall enter into contract with the successful Bidderwithin the same ten (10) calendar days period provided that all thedocumentary requirements are complied with.31.4. The following documents shall form part of the contract:(a)(b)(c)(d)(e)(f)(g)Contract Agreement;Bidding Documents;Winning bidder’s bid, including the Technical and FinancialProposals, and all other documents/statements submitted;Performance Security;Credit line in accordance with ITB Clause 5.5, if applicable;Notice of Award of Contract; andOther contract documents that may be required by existing lawsand/or specified in the BDS.32. Performance Security32.1. To guarantee the faithful performance by the winning Bidder of itsobligations under the contract, it shall post a performance securityprior to the signing of the contract.32.2. The performance security shall be in an amount equal to a percentageof the total contract price in accordance with the following schedule:30Clark Development CorporationSection II Instructions to BiddersAsphalt Overlay of CDC Roads
Form of Performance Security(a) Cash, cashier’s/manager’s check,bank draft/guarantee confirmedby a Universal or CommercialBank;(b) Irrevocable letter of credit issuedby a Universal or CommercialBank: Provided, however, that itshall be confirmed orauthenticated by a Universal orCommercial Bank, if issued by aforeign bank;(c) Surety bond callable upondemand issued by a surety orinsurance company duly certifiedby the Insurance Commission asauthorized to issue such security;and/or(d) Any combination of the foregoing.Amount of PerformanceSecurity(Equal to Percentage of theTotal Contract Price)Five percent (5%)Thirty percent (30%)Proportionate to share ofform with respect to totalamount of security32.3. Within a maximum period of ten (10) calendar days from the receipt ofthe Notice of Award from the Procuring Entity and in no case later thanthe signing of the contract between the successful Bidder and theProcuring Entity, the successful bidder shall furnish to the ProcuringEntity the performance security in accordance with the Conditions ofContract, and in the Form prescribed in the Bidding Documents.32.4. Failure of the successful Bidder to comply with the requirement of ITBClause 32 shall constitute sufficient grounds for the annulment of theaward and forfeiture of the bid security, in which event the ProcuringEntity shall initiate and complete the post qualification of the secondLowest Calculated Bid. The procedure shall be repeated until the LCRBis identified and selected for contract award. However, if no Bidderpassed post-qualification, the BAC shall declare the bidding a failureand conduct a re-bidding with re-advertisement.31Clark Development CorporationSection II Instructions to BiddersAsphalt Overlay of CDC Roads
Page 1 and 2: Clark Development CorporationClark
Page 3 and 4: Section I. Invitation to BidClark D
Page 5 and 6: 5. A complete set of Bidding Docume
Page 7 and 8: Section II. Instructions to Bidders
Page 9 and 10: A. General1. Scope of Bid1.1. The P
Page 11 and 12: (c)(d)(e)(f)(g)A Bidder has the sam
Page 13 and 14: 5.4. Unless otherwise provided in t
Page 15 and 16: terrain, geological conditions at t
Page 17 and 18: 11. Language of BidsC. Preparation
Page 20 and 21: 14. Alternative Bids14.1. Alternati
Page 22 and 23: (b) Irrevocable letter of credit is
Page 24 and 25: 20. Sealing and Marking of Bids20.1
Page 26 and 27: this regard, bids that fail to incl
Page 28 and 29: (b)The ranking of the total bid pri
Page 30 and 31: Entity shall approve or disapprove
Page 34 and 35: 33. Notice to Proceed33.1. Within t
Page 36 and 37: ITB ClauseBid Data Sheet1.1. The PR
Page 38 and 39: 2. Php 90,140.00 (2% of ABC), Irrev
Page 40 and 41: Return (Monthly: BIR Form No. 2550-
Page 42 and 43: TABLE OF CONTENTS1. DEFINITIONS ...
Page 44 and 45: 1. DefinitionsFor purposes of this
Page 46 and 47: 1.24. Site Investigation Reports ar
Page 48 and 49: All Materials and Plant on Site sha
Page 50 and 51: 7. Performance Security7.1. Unless
Page 52 and 53: 10. Site Investigation ReportsThe C
Page 54 and 55: Form of Warranty(a) Cash or letter
Page 56 and 57: evidence and such policies shall be
Page 58 and 59: 17. Termination for Default of Proc
Page 60 and 61: 18.6. If this Contract is terminate
Page 62 and 63: accordance with approved plans and
Page 64 and 65: agreement, the parties may agree in
Page 66 and 67: (d)At appropriate new rates, equal
Page 68 and 69: 33. Bill of Quantitiesthe PROCURING
Page 70 and 71: 38.2. The use of a third party to c
Page 72 and 73: 42.2. Progress payments are subject
Page 74 and 75: justifications for the need of such
Page 76 and 77: 46. Payment on Termination46.1. If
Page 78 and 79: 49. CompletionThe Contractor shall
Page 80 and 81: Special Conditions of ContractGCC C
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51.2.The amount to be withheld for
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PROJECT TITLE : Asphalt Overlay of
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Section VII. DrawingsSee attached84
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Section IX. Bidding FormsTABLE OF C
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(e) Our firm, including any subcont
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3. In consideration of the payments
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5. [Name of Bidder] is authorizing
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Contracting Capability Any one of t
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Sample Forms of Eligibility, Techni
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Standard Form Number: SF-INFR-16Sta
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Standard Form Number: SF-INFR-20Rev
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his demand the Entity will note tha
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3) if the Principal having been not
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Series of _________;Standard Form N
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Standard Form Number: SF-INFR-48Qua
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DAYWORK SCHEDULEPROJECT : Asphalt O
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Asphalt Overlay of CDC Roads - Clark Freeport Zone

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