Standard bidding document

[insert additional clauses, if required]

GCC 55.1	[insert period of payment other than monthly basis]
GCC 55.3	[insert the methodology to estimate contract value of the Works executed ]
GCC 55.4	Schedule of Payment :
GCC 56.2	[insert the prevailing interest rate]
GCC 59.1	The contract shall not be subjected to Price Adjustment.
GCC 60.1	The proportion of payments retained is: For GoN Funded: 5 (five) percent For DP Funded: ………….. [Insert 5 (five) to 10 (ten) percent]
GCC 61.1	The liquidated damages for each milestone of the Works are ………. [the percentage shall be filled by the employer according to the rate prescribed by PPR] Percent of the price of total works covered in each milestone in activity schedule per day.
GCC 61.2	The liquidated damages for the whole of the Works are ………. [the percentage shall be filled by the employer according to the rate prescribed by PPR] Percent of the final Contract Price per day.
GCC 61.3	The maximum amount of liquidated damages for the whole of the Works is ……….[the percentage shall be filled by the employer according to the rate prescribed by PPR] Percent of the Final Contract Price.
GCC 62.1	The Bonus for the whole of the Works is 0.05 Percent per day.
GCC 62.2	The maximum amount of Bonus for the whole of the Works is 10 Percent of the Final Contract Price.
GCC 63.1	The Advance Payments shall be: [Insert amount] and shall be paid in two equal installments and to the Contractor.