Asphalt Overlay of CDC Roads - Clark Freeport Zone

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evidence and such policies shall be provided to the Procuring Entity’sthrough the Procuring Entity’s Representative.15.3. The Contractor shall notify the insurers of changes in the nature,extent, or program for the execution of the Works and ensure theadequacy of the insurances at all times in accordance with the terms ofthis Contract and shall produce to the Procuring Entity’s Representativethe insurance policies in force including the receipts for payment of thecurrent premiums.The above insurance policies shall be obtained from any reputableinsurance company approved by the Procuring Entity’s Representative.15.4. If the Contractor fails to obtain and keep in force the insurancesreferred to herein or any other insurance which he may be required toobtain under the terms of this Contract, the Procuring Entity mayobtain and keep in force any such insurances and pay such premiumsas may be necessary for the purpose. From time to time, theProcuring Entity may deduct the amount it shall pay for said premiumsincluding twenty five percent (25%) therein from any monies due, orwhich may become due, to the Contractor, without prejudice to theProcuring Entity exercising its right to impose other sanctions againstthe Contractor pursuant to the provisions of this Contract.15.5. In the event the Contractor fails to observe the above safeguards, theProcuring Entity may, at the Contractor’s expense, take whatevermeasure is deemed necessary for its protection and that of theContractor’s personnel and third parties, and/or order the interruptionof dangerous Works. In addition, the Procuring Entity may refuse tomake the payments under GCC Clause 40 until the Contractor complieswith this Clause.15.6. The Contractor shall immediately replace the insurance policy obtainedas required in this Contract, without need of the Procuring Entity’sdemand, with a new policy issued by a new insurance companyacceptable to the Procuring Entity for any of the following grounds:(a)The issuer of the insurance policy to be replaced has:(i)(ii)(iii)become bankrupt;been placed under receivership or under a managementcommittee;been sued for suspension of payment; or(iv)Clark Development Corporationbeen suspended by the Insurance Commission and itslicense to engage in business or its authority to issueinsurance policies cancelled; or54Section IV General Conditions of the ContractAsphalt Overlay of CDC Roads
(v)Where reasonable grounds exist that the insurer may notbe able, fully and promptly, to fulfill its obligation underthe insurance policy.16. Termination for Default of Contractor16.1. The Procuring Entity shall terminate this Contract for default when anyof the following conditions attend its implementation:16.2. Due to the Contractor’s fault and while the project is on-going, it hasincurred negative slippage of fifteen percent (15%) or more inaccordance with Presidential Decree 1870, regardless of whether or notprevious warnings and notices have been issued for the Contractor toimprove his performance;16.3. Due to its own fault and after this Contract time has expired, theContractor incurs delay in the completion of the Work after thisContract has expired; or16.4. The Contractor:(a)(b)(c)(d)(e)abandons the contract Works, refuses or fails to comply with avalid instruction of the Procuring Entity or fails to proceedexpeditiously and without delay despite a written notice by theProcuring Entity;does not actually have on the project Site the minimumessential equipment listed on the Bid necessary to prosecute theWorks in accordance with the approved Program of Work andequipment deployment schedule as required for the project;does not execute the Works in accordance with this Contract orpersistently or flagrantly neglects to carry out its obligationsunder this Contract;neglects or refuses to remove materials or to perform a newWork that has been rejected as defective or unsuitable; orSub-lets any part of this Contract without approval by theProcuring Entity.16.5. All materials on the Site, Plant, Equipment, and Works shall be deemedto be the property of the Procuring Entity if this Contract is rescindedbecause of the Contractor’s default.55Clark Development CorporationSection IV General Conditions of the ContractAsphalt 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 32 and 33: (c)(d)Signing of the contract as pr
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 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
Page 82 and 83: 51.2.The amount to be withheld for
Page 84 and 85: PROJECT TITLE : Asphalt Overlay of
Page 86 and 87: Section VII. DrawingsSee attached84
Page 88 and 89: Section IX. Bidding FormsTABLE OF C
Page 90 and 91: (e) Our firm, including any subcont
Page 92 and 93: 3. In consideration of the payments
Page 94 and 95: 5. [Name of Bidder] is authorizing
Page 96 and 97: Contracting Capability Any one of t
Page 98 and 99: Sample Forms of Eligibility, Techni
Page 100 and 101: Standard Form Number: SF-INFR-16Sta
Page 102 and 103: Standard Form Number: SF-INFR-20Rev
Page 104 and 105: his demand the Entity will note tha
Page 106 and 107:
3) if the Principal having been not
Page 108 and 109:
Standard Form Number: SF-INFR-45Rev
Page 110 and 111:
Standard Form Number: SF-INFR-46Rev
Page 112 and 113:
Series of _________;Standard Form N
Page 114 and 115:
Standard Form Number: SF-INFR-48Qua
Page 116 and 117:
DAYWORK SCHEDULEPROJECT : Asphalt O
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Asphalt Overlay of CDC Roads - Clark Freeport Zone

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