# Request for Quotation — Category 10: Surety Bonds and Insurance

**To:** [Surety / Insurance Provider — SMC-acceptable Philippine surety panel]
**From:** [BIDDER NAME] — [Address] — [Contact]
**Project:** SMC MRT-7 Stations and Depot Electronics Networks — FDAS + ACS Integration
**Customer:** SMC MASS RAIL TRANSIT 7, INC.
**RFQ Date:** 2026-04-29
**Quotation Deadline:** 2026-05-02

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## Quotation Requirements

- **Currency:** PHP (Philippine Peso)
- **Validity:** Six (6) months from quotation date (firm) for premium rates
- **Compliance:** Surety firm acceptable to SMC MRT7, Inc. (per TOR §3.2 + §3.20 + §3.26); registered Philippine insurance / surety provider
- **Lead time:** State per item; bonds typically issued within 5–10 business days of NTP
- **Documentation:** Provide sample bond / policy text along with quotation

## Items

| # | Item | Coverage | Validity Period | Premium Rate (% of Contract Price) | Premium (PHP) — to be priced once Contract Price set | Lead Time |
|---|------|----------|-----------------|--------------------------------------|--------------------------------------------------------|-----------|
| 1 | **Advance Payment Bond** | Full amount of advance payment received from Owner | Until reimbursement / completion of advance | | | |
| 2 | **Performance Bond** | **20% of Agreed Contract Price** | Valid until Taking-Over Date / Completion of the Works | | | |
| 3 | **Warranty Bond** | **10% of Agreed Contract Price** | Valid for **2 years** from acceptance, or until issuance of Final Taking-Over Certificate | | | |
| 4 | **Contractor's All-Risk (CAR) Insurance** | Project value (Contract Price + materials in transit + tools + temporary works) | 180 calendar days project duration + maintenance period | | | |
| 5 | **Third-Party Liability Insurance** | Standard third-party liability for construction projects | 180 calendar days | | | |
| 6 | **Workmen's Compensation / Employer's Liability** | Per Philippine labor law minimum + recommended top-up | 180 calendar days | | | |

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## Notes

- **Bond issuance** anticipated at NTP (~June 2026 post-award).
- **Performance Bond and Warranty Bond** are reissued / extended at appropriate project gates per TOR Section 11.6.
- **Surety firm panel:** Quotation is welcomed from any of the following SMC-typically-acceptable Philippine surety firms — Pacific Cross Insurance, Fortune General Insurance, BPI/MS Insurance, Standard Insurance, or other firms with current SMC MRT7 acceptance.
- **Provide sample bond text** that meets TOR §11.6.1 wording requirements (Owner-acceptable surety, full advance amount, 20% Performance, 10% Warranty, validity periods as stated).
- **Provide sample CAR + Third-Party + Workmen's-Comp policy text** for Owner review.
- **Delivery target:** Bonds and policies issued within 5–10 business days of NTP.
- **Premium computation:** Premium rates as a percentage of insured value; bidder will compute final premium amount once Contract Price is awarded.

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**Quotation Recipient (Bidder):** [Authorized purchaser name / email]

[Bidder signatory line]