PROPOSED TWO-STOREY JAIME HILARIO INTEGRATED SCHOOL - LA SALLE

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

Project :
Location :

Proposed Two-Storey Jaime Hilario Integrated School - La Salle

Banawang, Bagac, Bataan

DIVISION

SECTION 01 78 33
1.1

GENERAL REQUIREMENTS
-

Bonds & Warranties

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 subcontractor 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 specified 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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