ABSTRACT
NOTES Refer also to the example calculation of Preliminaries in Part 2 and also to Part 8 Oncosts and Profit.
CONTRACTUAL REQUIREMENTS
Performance bond The cost of the bond will relate to the nature and degree of difficulty and risk inherent in the type of works intended, the perceived ability and determination of the Contractor to complete them, his financial status and whether he has a proven track record in this field with the provider. Refer to the discussion of the matter on page 22
Insurance of the Works
Refer to the discussion of the various insurances on pages 21 and 22 as well as the example on page 26.
