[....] CONSTRUCTION SECURITY

1. Tender Collection Fees: 
The Tenderers are sometime required by Employer to deposit some amount of money for the Collection of Tender Documents. This will be refunded to all unsuccessful Tenderers upon award of a Contract. Whereas, there will not be refunded to the successful Tenderer which the amount of the money will be for the purpose of tender preparation fees. So the Tenderers is to make sure that they already included the Tender Collection Fees in their tender proposal.

2. Tender (bid) Bond
The Tenderers are always required by Employer to submit a valid Bank Guarantee to the value 5% to 10% of the tender price with submission of Tender. This guarantee is to remain valid until receipt of the Performance Bond for the successful Tenderer. For unsuccessful Tenderers this guarantee will be returned upon signing of Letter of Award (or sometime called "Letter of Acceptance") (LOA) with another Contractor. In case, the Contractor withdraws their tender and refuses to Contract with the Employer, the guarantee will not be returned to the Contractor. This will be the compensation to the Employer due to the delaying the Project and forcing a re-tender after they spent a great deal of time and expense negotiating with the Contractor.

3. Performance bond
The Contractor are generally required by Employer to submit the performance security to the value normally 10% of the Accepted Contract Amount within fourteen days (14) after signing Letter of Acceptance (LOA). If the Contractor does not perform their obligations in accordance with the Contract, the Employer have the right to demand their losses from the bondsman who issued a bonds on behalf of a Contractor.

4. Insurance
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