PROPOSED TWO-STOREY JAIME HILARIO INTEGRATED SCHOOL - LA

SALLE
DIVISION
1 - GENERAL REQUIREMENTS
SECTION 01 78 33
-Bonds & Warranties
May 2013

Project :
Location :
DIVISION

Proposed Two-Storey Jaime Hilario Integrated School - La Salle

Banawang, Bagac, Bataan
1

SECTION 01 78 33

GENERAL REQUIREMENTS
-

Bonds & Warranties

1.1 CONTRACTORS INSURANCE AND BONDS

A.

Contractor's Liability and Insurance: The Contractor shall secure and maintain
such insurance from an insurance company acceptable to the Owner as will
protect himself, his subcontractors, and the Owner from claims for bodily
injury, death or property damage which may arise from operations under this
Contract. The Contractor shall not commence work under this Contract until
he has obtained all insurance required under this section and shall have filed
the certificate of insurance or the certified copy of the insurance policy with
the Owner. Such insurance policy shall contain a clause providing that it shall
not be canceled by the insurance company without ten (10) days written
notice to the Owner of intention to cancel. The amounts of such insurance
shall be as agreed upon.

B.

Contractor's Fire Insurance: In addition to such Fire Insurance as the

Contractor elects to carry for his work protection, he shall secure and maintain
in the name of the Owner policies upon such structures and materials in such
amounts as shall be designated. These policies shall be secured from a
company that is satisfactory to the Owner and delivered to the Owner.

C.

Contractor's Performance Bond: The Contractor, prior to signing of the

Contract, shall furnish a Performance Bond equivalent to the amount of the
revolving funds to be advanced by the Owner for the faithful performance of
his work and obligations arising from his Contract. Such bond shall be in the
forms of sureties as approved by the Owner. Such bond shall be effective
within a period of two (2) months after due acceptance of the work by the
Owner or his duly authorized representative.

D.

Contractor's Guarantee Bond: The Performance Bond will be released by the

Owner after the expiration of two (2) months from the final acceptance of the
work and only after the Contractor has furnished the Owner, a Guarantee
Bond in the amount of 10% of the Total Contract Cost. The Guarantee Bond
shall be for a period of one (1) year as a guarantee that all materials and
workmanship installed under Contract are of good quality.

Bonds & Warranties

01 78 33

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PROPOSED TWO-STOREY JAIME HILARIO INTEGRATED SCHOOL - LA

SALLE
DIVISION
1 - GENERAL REQUIREMENTS
SECTION 01 78 33
-Bonds & Warranties
May 2013
E.

Contractor's Guaranty-Warranty:
1.

The Contractor shall, in his case of work performed by subcon tractor and
where guarantees are required, secure warranties from said
subcontractors and deliver copies of the same to the Owner upon
completion of work.

2.

The Contractor shall and thereby warrant all work performed by him
directly and for which guarantee are required.

3.

The Contractor shall and thereby warrants and/or guarantees for a period
of one year, or for longer periods where so provided in Specifications, as
evidenced by date of final certificate issued by the Architect, all materials
and workmanship installed under Contract to be of good quality in every
respect and to remain so for periods described herein.

4.

Should any defect develop in aforesaid work, within the speci fied periods,
due to faults in materials and/or workmanship, the Contractor thereby
agrees to make all repairs and do all necessary work to correct such to the
Architects satisfaction. Such repairs and corrective work shall be done
without cost to the Owner and at entire cost and expense of the
Contractor within five (5) days after written notice to the Contractor.

5. In case the Contractor fails to do the work, so ordered, the Owner may
have the work done and charge the cost thereof against moneys retained
as provided for in the Agreement and, if said retained moneys shall be
insufficient to pay such cost, or if no money is available, the Contractor
and his sureties agree to pay to the Owner the cost of such work.
6. All the foregoing is without prejudice to the right of the Owner under the
New Civil Code and other laws now or hereafter that may be applicable.
7. The Contractor Shall and thereby required to secure all the permits, bonds,
documents required by the related agencies.
End of 01 78 33.

Bonds & Warranties

01 78 33

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