Definitions

Drawings:

Graphical representations of the work. They include all supplementary details and shop drawings.

Final Payment:

Refers to the payment of the final progress billing and all approved claims including but not limited to those variations in the work, and others. It does not include the relation money.

Payment Bond:

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 there from to its workers, subcontractors, and suppliers.

Performance Bond:

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.

Schedule of Materials and Finishes:

An outline specification enumerating the type or trade names of materials required to be used by the Contractor for the Work.

Special Provisions or Conditions:

Are instruments that are issued prior to bidding to supplement and/or modify the Drawings, Specifications and/or General Conditions of the Contract.

Sub-Contractor:

Is a contractor duly registered and licensed by the Philippine Contractors Accreditation board having a direct contract with the Contractor who acts for on in behalf of the contractor of executing any part of the Contract. One who merely furnishes materials without labor is a supplier and not a Sub-Contractor. 

Supplementary Specifications:

Refers to additional information, which may be issued as an addition to or amendment of the provisions of the Specifications.

Surety Party:

Is the person, firm or corporation which issues the bond required of the Contractor.

Written Notice:

Means information, advice or notification pertinent to the project delivered in person or registered mail to an individual, firm or corporation at the latter's last known business address.

Furnish:

The word "furnish" shall be understood to mean "purchase and/or fabricate and deliver to the job site or other location when so designated.

Install:

The word "install" shall mean to build in, mount in positions, connect or apply any object-specified ready for the intended use.

Provide:

The word "provide" shall be understood to mean "furnish and install".