The amount of the performance bond shall be 10% of the initial Contract Sum up to certification of Substantial Completion of the Works, and 5% of the initial Contract Sum for the subsequent period stated in the form of bond in the Works Requirements. 450 days after that. Note: Delete one of the two form fields above. If none deleted, read as '450 days after that. F(i) Collateral Warranties (Sub-clause 5.5) Collateral warranties are required from the following categories of Specialists, by the following dates; and the amount withheld from payments under sub-clause 11.4.1 are as follows: Minimum Maximum indemnity excess for Date for Amount limit for Category of Specialist professional warranty withheld professional indemnity indemnity insurance insurance F (ii) Ancillary Certificates (Sub-clause 5.8) Ancillary Certificates are required from the following categories of Personnel. The list reflects the Contractor’s works elements known at the time of tender but does not limit the duties under sub-clause 2.3.1: Contractor’s Category of Personnel Category of Personnel Contractor’s Contractor’s
The amount of the performance bond shall be 10% of the initial Contract Sum up to certification of Substantial Completion of the Works, and 5% of the initial Contract Sum for the subsequent period stated in the form of bond in the Works Requirements. 450 days after that. Note: Delete one of the two form fields above. If none deleted, read as '450 days after that. F(i) Collateral Warranties (Sub-clause 5.5) Collateral warranties are required from the following categories of Specialists, by the following dates; and the amount withheld from payments under sub-clause 11.4.1 are as follows: Category of Specialist Date for warranty Amount withheld Minimum indemnity limit for professional indemnity insurance Maximum excess for professional indemnity insurance F (ii) Ancillary Certificates (Sub-clause 5.8) Ancillary Certificates are required from the following categories of Contractor’s Personnel. The list reflects the works elements known at the time of tender but does not limit the Contractor’s duties under sub-clause 2.3.1: Category of Contractor’s Personnel Category of Contractor’s Personnel
FTS3-v2.1-28-06-2016.docx