bonds

bonds : anything that binds, fastens, unites

surety : the person, firm or corporation that provides the
guarantee for the contractor’s bonds
proposal bond : guarantee to enter into a contract if awarded
performance bond : guarantee to execute the work in accordance with
the terms of the contract
payment bond : guarantee to pay all obligations arising from the
contract
guarantee bond : guarantee workmanship and quality of materials
and equipment

GENERAL CONDITIONS
bidding
• proposal
• tender documents
• invitation to bid
• bid bulletin
• instruction to bidders
GENERAL CONDITIONS

Sec I Definitions and Documents

Sec II Laws, Regulations, Site Conditions, Permits and Taxes
Sec III Equipment and Materials
Sec IV Premises and Temporary Structures
Sec V Protection of Work and Property
Sec VI Labor, Work and Payments
Sec VII Contractor- Separate Contractors Sub-contractor Relations
Sec VIII Suspension of Work and Termination of Contract
Sec IX Responsibilities and Liabilities of Contractor and of Owner
Sec x Authority of Architect, Engineers and Project Representatives