Asphalt Overlay of CDC Roads - Clark Freeport Zone

3. In consideration of the payments to be made by the Procuring Entity tothe Contractor as hereinafter mentioned, the Contractor herebycovenants with the Procuring Entity to execute and complete the Worksand remedy any defects therein in conformity with the provisions of thisContract in all respects.4. The Procuring Entity hereby covenants to pay the Contractor inconsideration of the execution and completion of the Works and theremedying of defects wherein, the Contract Price or such other sum asmay become payable under the provisions of this Contract at the timesand in the manner prescribed by this Contract.IN WITNESS whereof the parties thereto have caused this Agreement to beexecuted the day and year first before written.Signed, sealed, delivered by(for the Procuring Entity)theSigned, sealed, delivered by(for the Contractor).theBinding Signature of PROCURING ENTITY________________________________________________Binding Signature of Contractor_____________________________________________[Addendum showing the corrections, if any, made during the Bid evaluation should beattached with this agreement]96