different contract systems including epc contract systemaphrdi/aees/syllabus/9 epc... · lump sum...

41
1 Different Contract Systems including EPC Contract System By Ghanta Surender,M.Tech. Former Director(ITC) & Senior Faculty Member , WALAM TARI ,HYDERABAD

Upload: vancong

Post on 29-Aug-2019

229 views

Category:

Documents


0 download

TRANSCRIPT

1

Different Contract Systems

including EPC Contract

System

By

Ghanta Surender,M.Tech.

Former Director(ITC) &

Senior Faculty Member ,

WALAM TARI ,HYDERABAD

TYPES OF CONTRACTS

• ITEM RATE CONTRACT

• The dept will call for tenders, indicating the details of

items to be executed, their quantities, rates as per

dept estimate.

• The bidder will quote the item wise rates.

• The work will be awarded to the bidder who quotes

the lowest rates, and the agreement is entered.

• The department will furnish all the designs,

drawings, specifications for each item of work to be

executed. The contractor has to execute the work

accordingly.

• The payment will be made, for the work done , as per

the item wise rates quoted by the contractor,.

Lump Sum (L.S) ContractThe tenders are called, indicating the details of

items of works to be executed, their quantities and rates, and the total cost of the project.

The contractor has to quote a lump sum price, in the shape of + or - % (excess or less) over the estimated cost of the project.

Item wise rates are not applicable.

Work is awarded to the lowest bidder.

The dept will furnish all the designs, drawings, specifications for the works to be executed.

Payment is made for the work done, based on the estimated rates, plus or minus tender premium.

The work should be completed in all respects within the time frame fixed by the dept.

E.P.C (Engineering Procurement Construction)

Contract • The tenders are called by specifying the detailed scope

of work / components of works to be executed.

Quantities, rates, cost of the project etc are NOT

furnished in the tender.

• The contractor himself has to investigate, prepare

designs & drawings, estimates and quote a lump sum

price to complete the work, in all respects.

• The work will be awarded to the lowest bidder.

• The contractor will furnish the designs and drawings

of all components to be executed for approval of the

department

• The contractor will furnish the detailed estimates

showing component wise cost, for the total amount

quoted.

• The contractor will furnish , month wise physical /

financial programme of construction for approval of

the dept.

• Payment is arranged based on the stage wise progress

achieved ( not based on the quantities).

B.O.T( Build Operate Transfer) Contract

• The tenders are called specifying the details of work,

period of operation, the cess / tax leviable etc, terms

and conditions

• The bidder has to construct the project at his cost &

operate it for the specified period and then transfer

the project to Government .

• During the operation period, the bidder can collect the

cess / tax from the beneficiaries of the project, at the

rates fixed / accepted by the govt.

• The work will be awarded to the bidder who offers

lowest cess/taxes chargeable on the user.

• The work is to be executed as per the designs, drawing

and specifications approved by the dept.

• No cost is payable to the contractor,

• Bridges on major rivers, Bypass roads, Highways, mini

hydel projects, commercial shopping complexes etc

AGREEMENT

• On award of the work, an agreement will be entered between the

department and the contractor.

• The bid document signed and filed by the lowest bidder will

become the agreement signed by both the parties.

• The Agreement comprises of:

• Details of items to be executed, their quantities, rates payable

• Drawings showing the details of components to be executed.

• Detailed specifications of all the items to be executed.

• Construction programme, mile stones to be achieved

• Payment schedule in respect of EPC works

• Quality control tests to be conducted on the materials/works

• Rules and regulations to be fallowed during execution of the

project

Payment Schedule (EPC)

• The contractor has to submit month wise

physical / financial programme of execution

of the project for approval of the dept.

• The mile stones will be fixed for completion of

the project, as per the programme submitted

by the contractor.

• The contractor will submit the payment

schedule, indicating the stage wise cost of

each component payable, for approval of the

dept.

• The payment will be arranged, stage wise,

for the works done, as per the approved

payment schedule.

Specifications

• The works are to be executed as per the

specifications laid down in “ A.P. Standard

Specifications” ( APSS ), consisting of detailed

specifications of various items of works to be

executed .

• In respect of Roads and bridges, MORTH, MOST, IRC

specifications have to be fallowed

• Items not covered by any of the above, have to be

executed as per the specifications laid down in the

I.S.Codes.

• The quality control tests on materials / works should

be conducted as specified in the above

specifications, I.S.Codes

Quality Control

• The quality control is the primary responsibility of the contractor.

• The agency will establish its own quality control unit/lab, to conduct day to day Q.C tests as per BIS standards.

• Third party Quality Control agencies, are engaged to supervise and conduct the Q.C. tests.

• The departmental Q.C officials ensure that the Q.C tests are being conducted by the contractor, third party Q.C agency as per agreement terms and conditions

Billing in EPC projects

• The Measurement Books, Level Field books,

Q.C. registers etc required for the work will be

issued by the dept to the contractor.

• The contractor will record the measurements,

levels etc required for billing, and get them

checked by the departmental officers.

• The contractor will prepare the bill for the

work done as per approved payment

schedule and present it to the department,

• The department officials will process the bill

as per approved payment schedule and

agreement terms and conditions.

UNIT LENGTHS FOR ARRANGING INTERMEDIATE PAYMENT•

• For Structures

• (a) 30% on completion of foundations including earthwork,

• (b) 30% on completion of sub-structure,

• (c) 40% on completion of super-structure, balance items.

• Earth work excavation for canals;

• a) 100 M for canals with discharge more than 10000cusecs,

• b) 250 M for canals with discharge between 1000 to 10000cusecs

• c) 1.0 Km. for canals with discharge between 10 to 1000 cusecs

• B) E.W excavation in Deep Cuts;

• Berm wise, with a bay length of 25 mts, subject to a max of 1 km in a

reach.

• LINING

• 100m for a normal cutting,

• 25m for Deep Cuts.(depth > 12m)

• Lining shall be divided in to bed & sides, and the two sub-components

shall be divided in proportion of quantities duly withholding 1 % towards

completion of joints.

• The payment for lining of bed without sides shall be restricted for a

maximum length of 1 km duly with holding 5 % till the side lining is

completed. 11

UNIT LENGTHS FOR ARRANGING INTERMEDIATE PAYMENT

• Tunnels,Draft tubes, Pump House, Surgepool and Cistern:

• Earth work Excavation:

• i. Tunnels, Draft Tubes: The Unit length is 25m bay.

• ii. Pump House & Surge pool: 5m depth of cutting is a unit.

• 2 Civil works other than Earth work

• i. Tunnels, Draft tubes: For lining the Unit length is 25m bay.

• ii. Pump House,Surge pool & Cistern: In stages of every 1m from the

deepest foundation level.

• Delivery main

• a) Material supply & Fabrication – 55%,

• b) Lining / coating, Testing of pipes – 15 %,

• c) Conveyance, Laying and Field jointing – 20 %,

• d) Refilling and Hydro testing –10 %.

• Distribution system @ Rs.16,500/- per acre.

Electro-Mechanical equipment

• 85% of the quoted price for supply of goods at site

• 10% of quoted price on erection, testing and commissioning

• 5% of the quoted price at the time of final bill.

12

Check measurement ( EPC)

In case of Earthwork excavation, embankment the fieldstaff have to check and record the pre levels 25% of thepre levels taken by the E.P.C. Agency. In case of cut-offand foundations the field staff have to check and record100%.

• Field Engineer (AE/AEE) have to check and record 25%of pre levels and 100% for final levels,

• Field Engineer (AE/AEE) have to check measure 100%of final measurements.

• Field Dy.EE have to check the measure 25% of thelevels and measurements spread over the entire work.

• Field EE/SEs have to check measure as per codalprovisions and rules in vogue.

• The department, QC staff have to check 25% of the finallevels.

Check measurement (EPC)• The construction Engineers have to check the pre

levels of Earth work Excavation, Embankment.

a) 1/3 of the pre levels taken by EPC Agency.

b) 100% levels in case of cut off and foundation

• Construction Engineers (AE/AEE) have check 25% for pre levels and 100% of final levels and measurements recorded by EPC Agency,

• DEEs have to Test check 25% measurements spread over the entire work.

• EEs/SES have to check measure as per codal provisions and rules.

• QC staff shall check 25% of the final levels/measurements of earth work, revetment, levelling, concrete, linear dimensions of important structures, gates etc.

Extension of Time• Extension of time is granted for any

delays on the part of the department

• If it is due to delay attributable to the

contractor, the EOT will be sanctioned

duly levying penality.

• First extension of 6 months is granted

by the Agmt authority, and next by

higher authority.

• In case of EPC works, the first

extension is by the high power

committee, and the next by the govt 15

Arbitration•

• Claims up to Rs. 10,000/- …….. By SE

• Claims up to Rs. 50,000/- …….. by CE

• Claims above Rs. 50,000/- shall be by the

Civil Court by way of a regular civil suit

• A reference for adjudication under this

clauses shall be made within six months

from the date of intimating the contractor of

the preparation of final bill or his having

accepted payment whichever is earlier.

16

Thank you

• Mail your queries if any to

[email protected]

17

Price Adjustment

Price adjustment is allowed on cement, steel,

pipes manufacturing materials, Diesel

Escalation is paid if the prices get increased

by more than 5% of base rates.

If the prices fall below 95% of base rates

recovery is made.

The price adjustment is made on monthly

basis based on the rates published by the

dept

Escalation should not be allowed where

liquidated damages are levied and extension

of time granted for reason attributable to

contractor.

Price Adjustment For Cement / Steel

Vc = R x (Ci – Co )

Vc = Price adjustment to be made for increase / decrease in the rate of cement / steel during the month

R = Quantity of Cement / Steel consumed in the work executed during the month

Co = The base rates for cement / steel as specified in the agreement + or - 5% as the case may be

C I = The rates of cement / steel as fixed by the department for the month under consideration

19

Price Adjustment for POL

• V= Pf /100 X R X (Fi -Fo) / Fo

• Where

• V = Price adjustment to be made for Increase /

decrease in the cost of POL.

• R = Value of work done during the period under

consideration

• Pf = % of fuel component of the work to be arrived

at as per AP standard data and approved by the

competent authority.

• Fo = retail price of HSD at the pump nearest to the

work spot on the last day of filling bids + 5 %

• Fi = retails price of HSD at the pump nearest to the

work spot during the period under consideration.

• The value of work done R shall exclude Seigniorage

charges, VAT and all other over head charges.

20

Changes in the Quantities (EPC) ▪ The Contractor is bound to execute all supplemental

works that are found essential, incidental and

inevitable for overall completion of the work at no

extra cost to the employer, if not mentioned

otherwise

▪ If specific quantities are mentioned in the BOQ of the

agreement, any increase / decrease in the quantities

executed will be paid or deducted, if there is a

clause to that effect in the agreement

▪ Extra Items (EPC)▪ Additional items not contingent on the main work

and outside the scope of agreement will be paid

extra.

CHANGES IN THE QUANTITIES( L.S)

– The contractor is bound to execute all the

supplemental items that are found essential, during

the execution of work, at the rates to be worked out

as detailed below.

– In respect of items for which the rates can be

deducible from the agreement rates, the same shall

be worked

– For new items, which do not correspond to any

item in the agreement, the rates shall be the

standard schedule of rates plus or minus the

quoted tender percentage

– The term standard schedule of rates used in the

above sub clause means schedule of rates with

which the sanctioned estimate was prepared and

the tenders were compared with. 22

Security Deposit

In addition to the EMD of 2.5% paid at the time of

agreement, 7½% of the value of work done is with

held and retained as security in intermediate

payments.

On completion of the entire work 5% from out of the

7.5% withheld will be released, retaining the 2.5% as

further security which will be released along with

2.5% EMD, after completion of defect liability period

of 24 months.

The retention money is permitted for release to the

contractor against the Bank Guarantee in spells of

25 lakhs

Subletting of Contract:➢The value of works awarded on

subletting shall not exceed 50% of

contract value.

➢The sub contractor should be approved

by the tender accepting authority

• The sub contractor should also satisfy the

qualification criteria specified

• The experience will be credited to the sub

contractor, but not to the main contractor

24

Liquidated Damages Time is the essence of any contract. The work

should be completed with in the time frame

fixed.

If the contractor fails to complete the works

within the stipulated periods of individual

mile stones the Superintending Engineer will

deduct one twentieth, of one percent of

respective mile stone value per calendar day

or part of the day for the period of delays

subject to a maximum of 10% of the contract

value.

The maximum amount of liquidated damages

for the whole of the works is ten percent of

final contract price.

Mobilization Advance: Mobilization Advance to the extent of 10% of the

contract value is payable against BG in the

fallowing

a) 1 % after concluding Agreement

b) 4 % after completion of investigation &designs

• c) 5% for purchase of machinery/ equipment at

100% cost for new machinery and 50% for old

machinery brought to site and in working

condition.

• The advance shall bear an interest .

• Recovery of advance with interest shall

commence in the next interim payment following

that in which the total of work done reached 10%

of the contract amount and shall be made at the

rate of 20% of amount of all interim payments.

VAT:

– Value added Tax (VAT) during the currency of the contract deduction

towards AP-VAT Act 2005 according to which tax @ 5% on total value

has to be deducted at source, while making payments to the contractor

as per Memo No. 14420/R.I(2)/08-2, Dated: 17.12.2008 of T R&B (R.I)

Department.

– The contractor should produce a valid VAT clearance certificate before

the payment of the final bill, otherwise payment to the contractor will be

withheld.

– The following clause is incorporated as per the Government instructions

given in G.O.Ms. No: 141, T (R&B) Department, Dated: 27-07-2006.

• The total amount towards component of VAT at 5% is shown in PART”B” of

the estimate. This VAT component loaded in the estimate (PART"B") shall

be added in each bill of the contractors who opt for composition scheme

and recovered.

• In respect of those contractors who do not opt for composition scheme, the

VAT component loaded in the estimate shall not be released to them with

their bills. However VAT shall be recovered based on which they have to

claim adjustment through their returns submitted to their respective

assessing authorities.

27

Seigniorage charges:

– Seigniorage charges will be recovered as per G.O.Ms.No. 198,

Industries & Commerce (MI) Department, Dated: 13-08-2009 from

the work bills of the contract, based on the theoretical requirement

of materials at the following rates.

• Sand Rs.40.00 / cum.

• Metal Rs.50.00 / cum.

• R.R. stone for masonry. Rs.50.00 / cum.

• Revetment stone Rs.50.00 / cum.

• .

• C.R.S. stone. Rs.50.00 / cum.

• Gravel./Ordinary earth Rs.22.00 / cum.28

LABOUR REGULATIONS ACT

• As per the Contractor’s Labour

Regulations and Abolition Act, 1970, the

contractor has to produce the license

obtained from the licensing officer of the

Labour Department along with tender or at

the time of agreement.

29

PERSONNEL

– The minimum number of the technical

personnel to be engaged by the contractor

and their qualifications shall be as per the

Contract Data. The wages of these personnel

will be payable by the contractor as per

minimum wages act/ SSR. If contractor fails to

engage technical personnel as per

agreement, penalty at double the rate payable

will be recovered from contractor’s bill.

• 30

– No contractor shall employ any person who is

under the age of 14 years.

– No contractor shall employ donkeys or other

animals with breaching of string or thin rope.

The breaching must be at least three inches

wide and should be of tape.

– No animal suffering from sores, lameness or

emancipation or which is immature shall be

employed on the work.

•31

INSURANCE

– The contractor shall obtain insurance policy/ Contractor’s All

Risk policy at his cost, to cover from the start date to the end of

the defect liability period including extended agreement time, for

the amounts stated in the Contract Data for the following events

which are due to the Contractor’s risks;

• Loss of or damage to the Works, Plants & Materials;

• Loss of or damage to Equipment.

• Loss of or damage of property (except the works, Plants, Materials,

• Equipment) in connection with the Contract; and

• Personal injury or death of labour in connection with the contract.

• For occurrences of the above 4 times in a year.

32

Liquidated damages

• If the contractor fails to complete whole of the works

or any part thereof or section of the works within the

stipulated periods of individual mile stones

(including any bonafide extensions allowed by the

competent authority without levying liquidated

damages), the Superintending Engineer may without

prejudice to any other method of recovery will

deduct one tenth of one percent of contract value of

each milestone per calendar day or part of the day

for the period of delays subject to a maximum of

10% of the contract value not as a penalty from any

monies in his hands due or which may become due

to the contractor33

OVER HEADS

• This is assumed to include inter alia the following elements:

• Site accommodation, setting up plant, access road, water supply, electricity and

general site arrangements

• Office furniture, equipment and communications

• Expenditure on Corporate office of contractor, Site supervision,. Documentation and

"as built" drawings

• Mobilization / de-mobilization of resources .

• Labour camps with minimum amenities required as per labour laws and transportation

to work sites

• Light vehicles for site supervision including administrative and managerial

requirements

• Setting up of Laboratories for quality control, field and laboratory testing for control of

quality of various items of work and documentation of test results as per requirement

of the Specifications.

• Minor T&P excluding vibrators for concrete work and survey instruments and setting

outworks, including verification of line, dimensions, taking trial pits and bore holes,

where required.

• Watch and ward

• Arrangement for Traffic and Traffic Management during construction.

• Provision towards safeguarding environment

• Sundries, Financing expenditure of the Contractor Work Insurance / compensation.34

Firms Ineligible to Tender:•

• A retired officer of GovtI. of AP or Govt. of India executing works is disqualified from

tendering for a period of two years from the date of retirement without the prior

permission of the Government.

• The Bidder who has employed any retired officer as mentioned above shall be

considered as an ineligible bidder.

• The contractor himself or any of his employees is found to be Gazetted Officer who

retired from Government Service and had not obtained permission from the

Government for accepting the contractor’s employment within a period of 2 years from

the date of his retirement.

• The Contractor or any of his employees is found at any time after award of contract, to

be such a person who had not obtained the permission of the Government as aforesaid

before submission of the tender or engagement in the Contractor’s service.

• v) Contractor shall not be eligible to tender for works in the division / circle where

any of his near relatives are employed in the rank of Assistant Engineer or Assistant

Executive Engineers and above on the Engineering side and Divisional Accounts Officer

and above on the administrative side. The Contractor shall intimate the names of

persons who are working with him in any capacity or are subsequently employed. He

shall also furnish a list of Gazetted /Non-Gazetted, State Government Employees

related to him. Failure to furnish such information bidder is liable to be removed from the

list of approved contractors and his contract is liable for cancellation.

• Note: Near relatives include

• Sons, step sons, daughters, and step daughters. Son-in-law and daughter-in-law.

Brother-in-law and sister-in-law. Brothers and Sisters. Father and Mother.Wife /

Husband.Father-in-law and Mother-in-lawNephews, nieces, uncle and aunts Cousins

and Any person residing with or dependent on the contractor.

35

Salient features of some major labour laws applicable to

establishment engaged in buildings and other construction work:

• (a) Workmen compensation Act 1923: The Act provides for compensation in

case if injury by accident arising out of and during the course of employment.

• (b) Payment of Gratuity Act 1972: Gratuity is payable to an employee under the

Act on satisfaction of certain conditions on separation if any employee has completed

5 years service or more, or on death, the rate of 15 days wages for every completed

year of service. The Act is applicable to all establishments, employing 10 or more

employees.

• (c) Employees P.F. and Miscellaneous provision Act 1952: The Act provides

for monthly contributions by the Department plus workers @ 10% or 8.33%. The

benefits payable under the Act are:

• Pension or family pension on retirement or death, as the case may be.

• Deposit linked insurance on the death in harness of the worker.

• Payment of P.F. accumulation on retirement/death etc.,

• (d) Maternity Benefit Act 1951: The Act provides for leave and some other

benefits to women employees in case of confinements or miscarriage etc.

36

• (e) Contract Labour (Regulation & Abolition) Act 1970: The Act provides for certain

welfare measures to be provided by the contractor to contract labour and in case the

Contractor fails to provide, the same are required to be provided by the Principal

Department by Law. The Principal Department is required to take certificate of

Registration and the contractor is required to take license from the designated

Officer. The Act is applicable to the establishments or Contractor of Principal

Department if they employ 20 or more contract labour.

• (f) Minimum wages Act 1948: The Department is supposed to pay not less

than the Minimum wages fixed by appropriate Government as per provisions of the

Act if the employment is a scheduled employment construction of Buildings, Roads,

Runways are scheduled employments.

• (g) Payment of wages Act 1936: It lays down as to by what date the wages are to

be paid, when it will be paid and what deductions can be made form the wages of the

workers.

• (h) Equal Remuneration Act 1979: The Act provides for payment of equal wages

for work of equal nature to Male or Female workers and for not making discrimination

against Female employee in the matters of transfers, training and promotions etc.

37

• Payment of Bonus Act 1965:The Act Is applicable to all establishments employing 20 or more

employees. The Act provides for payment of annual bonus subject to a minimum of 8.33% of

wages and maximum of 20% of wages to employees drawing Rs. 3500/- per month or less. The

bonus to be paid to employees getting Rs.2500/- per months or above and upto Rs.3500/- per

month shall be worked out by taking wages as Rs.2500/- per monthly only. The Act does not

apply to certain establishments. The newly set-up establishments are exempted for five years in

certain circumstances. Some of the State Governments have reduced the employment size from

20 to 10 for the purpose of applicability of this Act.

• j) Industrial Disputes Act 1947: The Act lays down the machinery and procedure for

resolution of Industrial disputes, in what situations a strike or lock- out becomes illegal and what

are the requirements for laying off or retrenching the employees or closing down the

establishment.

• (k) Industrial Employment (Standing Orders) Act 1946: It is applicable to all

establishments employing 100 or more workmen (employment size reduced by some of the State

and Central Government to 50). The Act provides for laying down rules governing the conditions

of employment by the Department on matters provided in the Act and get the same certified by the

designated Authority.

• (l) Trade Unions Act 1926: The Act lays down the procedure for registration of

trade unions of workmen and Departments. The Trade Unions registered under the act have been

given certain immunities from civil and criminal liabilities.

• (m) Child Labour (Prohibition & Regulation) Act 1986: The Act prohibits employment of

children below 14 years of age in certain occupations and processes and provides for regulation

of employment of children in all other occupations and processes, Employment Child Labour is

prohibited in Building and Construction Industry

38

• (n) Inter-State Migrant workmen’s (Regulation of Employment & Conditions of service) Act

1979: The Act applicable to an establishment, which employs 5 or more inter-state migrant

workmen through an intermediary (who has recruited workmen in one state for employment in the

establishment situated in another State). The inter State migrant workmen, in an establishment to

which this Act becomes applicable, are required to be provided certain facilities such as housing,

medical aid, travelling expenses from home upto the establishment and back, etc.

• (o) The Building and Other Construction workers (regulation of Employment and conditions of

service) Act 1996 and the Cess Act of 1996: All the establishments who carryon any building or

other construction work and employs 10 or more workers are covered under this Act. All such

establishments are required to pay cess at the rate not exceeding 2% of the cost of construction

as may be modified by the Government. The Department of the establishment is required to

provide safety measures at the Building or construction work and other welfare measures, such as

Canteens, First-aid facilities, Ambulance, Housing accommodations for workers near the work

place etc. The Department to whom the Act applies has to obtain a registration certificate from the

Registering Officer appointed by the Government.

• (p) Factories Act 1948: The Act lays down the procedure for approval of plans before

setting up a factory, health and safety provisions, welfare provisions, working hours, annual

earned leave and rendering information regarding accidents or dangerous occurrences to

designated authorities. It is applicable to premises employing 10 person or more with aid of power

or 20 or more persons without the aid of power engaged in manufacturing process.

39

CHECKLIST TO ACOMPANY THE TENDER

• 1 Copy of Contractors valid Registration under appropriate Class with Government of

Andhra Pradesh.

• 2 Copy of Permanent Account Number (PAN) Card and copy of Latest Income tax

returns for the year 2012-13 submitted along with proof of receipt.

• 3 Registration copy under AP.VAT Act 2005 i.e., Taxpayer Identification Number

along with VAT clearance certificate in the prescribed proforma

• 4 Details of value of Civil Engineering works executed in the last 10 financial years in

the Bidder’s name in Statement-I with supporting certificates.

• 5 Details of similar works completed as Prime Contractor (in the same name) during

the last ten financial Years in Statement-II with supporting certificates.

• 6 Quantities of work executed as Prime Contractor (in the same name) in the last 10

financial years - in Statement–III with supporting certificates.

• 7 Details of existing commitments i.e., work on hand in Statement-IV with Supporting

Certificates.

• 8 Availability of critical equipment in Statement–V.

• 9 Availability of Key personnel in Statement.VI.

• 10 Litigation history in Statement–VII.

• 11 Proof of liquid assets in the shape of Solvency certificates etc., for the required

amount.

• 12 List of certificates enclosed

•40

•• Insurance:

– The Contractor shall provide, in the joint names of the

Department and the contractor, insurance cover from the Start

Date to the end of the Defects Liability Period i.e., 24 months

after completion for the following events which are due to the

Contractor’s risks.

• loss of or damage to the Works, Plant and Materials;

• loss of or damage to the Equipment;

• loss of or damage of property in connection with the Contract; and

• personal injury or death of persons employed for construction.

41