Definition

Question 1

BID BOND

Answer 1

refers to any acceptable form of bond accompanying the Bid submitted by the bidder as a guarantee that the bidder will enter into the Contract with the Owner for the construction of the Work, if the Contract is awarded to him

Question 2

GUARANTEE BOND

Answer 2

is the approved form of security furnished by the Contractor and his Surety as a guarantee of the quality of the materials provided, the equipment installed, and the workmanship performed by the Contractor.

Question 3

PAYMENT BOND

Answer 3

is the approved form of security furnished by the Contractor and his Surety as a guarantee of good faith on the part of the Contractor to faithfully comply with the Contract in respect of its obligations arising therefrom to its workers, subcontractors, and suppliers.

Question 4

PERFORMANCE BOND

Answer 4

is the approved form of security furnished by the Contractor and his Surety as a guarantee of good faith on the part of the Contractor to execute the Work in accordance with the Contract.

Question 5

BID DOCUMENTS

Answer 5

collectively refer to all documents provided or made available to prospective bidders which include the Invitation to Bid and a copy of the Contract which the winning bidders would be required to sign with the Owner.

Question 6

GIVE FIVE DOCUMENTS ATTACHED IN CONTRACT DOCUMENTS

Answer 6

Special Provisions or Conditions
General Conditions
Drawings
Specifications
Other Bid Documents

Question 7

Section I

Answer 7

Definitions and Documents

Question 8

Laws, Regulations, Site Condition, Permits, and Taxes

Answer 8

Section II

Question 9

Equipment and Materials

Answer 9

Section III

Question 10

Section IV

Answer 10

Premises and Temporary Structures

Question 11

Section V

Answer 11

Protection of Work and Property

Question 12

Labor, Work, and Payments

Answer 12

Section VI

Question 13

Contractor-Separate contractor-Subcontractor Relations

Answer 13

Section VII

Question 14

Suspension of work and Termination of contracts

Answer 14

Section VIII

Question 15

Section IX

Answer 15

Responsibilities and Liabilities of Contractor and of Owner