ESTIMATED BONDS PREMIUM

VALIDITY= 1 YEAR

1 Guarantee Bond (Retention) & Surety Bond (Down Payment)

Computation:
Surety Bond Gurantee Bond
For DP amounting 1M and above For DP amounting 1M and above
Contract Amount 44,000,000.00 Contract Amount 44,000,000.00
% of DP 15% % of Retention 10%
Downpayment Amt 6,600,000.00 Downpayment Amt 4,400,000.00
x 0.70% x 0.70%
Premium 46,200.00 46,200.00 Premium 30,800.00 30,800.00
x 25% x 25%
Taxes & Other Charges 11,550.00 11,550.00 Taxes & Other Charges 7,700.00 7,700.00
Estimated Total Bonds Premium Amt 57,750.00 Estimated Total Bonds Premium Amt 38,500.00

For DP amounting below 1M For DP amounting below 1M

Contract Amount 5,000,000.00 Contract Amount 5,000,000.00
% of DP 15% % of Retention 10%
Downpayment Amt 750,000.00 Downpayment Amt 500,000.00
x 1% x 1%
Premium 7,500.00 7,500.00 Premium 5,000.00 5,000.00
x 25% x 25%
Taxes & Other Charges 1,875.00 1,875.00 Taxes & Other Charges 1,250.00 1,250.00
Estimated Total Bonds Premium Amt 9,375.00 Estimated Total Bonds Premium Amt 6,250.00

2 Performance Bond

Computation:

For Performance Bond amounting 1M and above

Contract Amount 20,000,000.00
% of Required P. Bond 25%
Downpayment Amt 5,000,000.00
x 0.60%
Premium 30,000.00 30,000.00
x 25%
Taxes & Other Charges 7,500.00 7,500.00
Estimated Total Bonds Premium Amt 37,500.00

For Performance Bond amounting below 1M

Contract Amount 5,000,000.00
% of Required P. Bond 25%
Downpayment Amt 1,250,000.00
x 1.00%
Premium 12,500.00 12,500.00
x 25%
Taxes & Other Charges 3,125.00 3,125.00
 Estimated Total Bonds Premium Amt 15,625.00

3 CARI **Depends on the work to be done

(Maximum of 0.35%/ Minimum of 0.15%)

Maximum
Contract Amount 20,000,000.00
100%
Downpayment Amt 20,000,000.00
x 0.35%
Premium 70,000.00 70,000.00
x 25%
Taxes & Other Charges 17,500.00 17,500.00
Estimated Total Bonds Premium Amt 87,500.00

Note: Higher Amount of Bonds= Lower premium

Lower Amount of Bonds= Higher Premium
ESTIMATED BONDS PREMIUM

1 Guarantee Bond (Retention) & Surety Bond (Down Payment)

Computation:
Surety Bond Warranty/Guarantee Bond (1 year only)
For DP amounting 1M and above Amounting 1M and above
Contract Amount 16,000,000.00 Contract Amount 16,000,000.00
% of DP 20% % of Retention 10%
Downpayment Amt 3,200,000.00 Amount of Retention 1,600,000.00
x 0.70% x 0.70%
Premium 22,400.00 22,400.00 Premium 11,200.00 11,200.00
x 25% x 25%
Taxes & Other Charges 5,600.00 5,600.00 Taxes & Other Charges 2,800.00 2,800.00
Estimated Total Bonds Premium Amt(1 year) 28,000.00 Estimated Total Bonds Premium Amt 14,000.00
x 2 years
56,000.00

For DP amounting below 1M Amounting below 1M

Contract Amount Contract Amount
% of DP 20% % of Retention 10%
Downpayment Amt - Amount of Retention -
1% x 1%
Premium - - Premium - -
x 25% x 25%
Taxes & Other Charges - - Taxes & Other Charges - -
Estimated Total Bonds Premium Amt - Estimated Total Bonds Premium Amt -

2 Performance Bond

Computation:

For Performance Bond amounting 1M and above

Contract Amount 16,000,000.00
% of Required P. Bond 20%
Perfomance Bond Amt 3,200,000.00 0.55
x 0.60%
Premium 19,200.00 19,200.00
x 25% 0.245
Taxes & Other Charges 4,800.00 4,800.00
Estimated Total Bonds Premium Amt 24,000.00 plus 1000
x 2 years
48,000.00

For Performance Bond amounting below 1M

Contract Amount 2,300,000.00
% of Required P. Bond 20%
Perfomance Bond Amt 460,000.00
x 1.00%
Premium 4,600.00 4,600.00
x 25%
Taxes & Other Charges 1,150.00 1,150.00
Estimated Total Bonds Premium Amt 5,750.00

3 CARI **Depends on the work to be done

(Maximum of 0.35%/ Minimum of 0.25%)

Maximum
Contract Amount 17,500,000.00
% of insured amt 100%
17,500,000.00
x 0.25%
Premium 43,750.00 43,750.00
x 25%
Taxes & Other Charges 10,937.50 10,937.50
Estimated Total Bonds Premium Amt 54,687.50

Note: Higher Amount of Bonds= Lower premium

Lower Amount of Bonds= Higher Premium

4 COMPREHENSIVE GENERAL LIABILITY

Contract Amount 20,000,000.00

ESTIMATED PREMIUM 50,000.00
 ESTIMATED BONDS PREMIUM- LATEST

1 Guarantee Bond (Retention) & Surety Bond (Down Payment)

Computation:
Surety Bond
For DP amounting 1M and above
Contract Amount 16,000,000.00
% of DP 20%
0.6 Downpayment Amt 3,200,000.00
x 0.60%
Premium 19,200.00 19,200.00
x 24.50%
Taxes & Other Charges 4,704.00 4,704.00
Notary 1,000.00
Estimated Total Bonds Premium Amt(1 year) 24,904.00
x 2 years
49,808.00

For DP amounting below 1M

Contract Amount
% of DP 20%
Downpayment Amt -
1%
Premium - -
x 25%
Taxes & Other Charges - -
Estimated Total Bonds Premium Amt -
2
Performance Bond

Computation:

For Performance Bond amounting 1M and above

Contract Amount 16,000,000.00
% of Required P. Bond 20%
Perfomance Bond Amt 3,200,000.00
x 0.55%
Premium 17,600.00 17,600.00
x 24.50%
Taxes & Other Charges 4,312.00 4,312.00
Notary 1,000.00
Estimated Total Bonds Premium Amt 22,912.00
x 2 years
45,824.00

For Performance Bond amounting below 1M

Contract Amount 500,000.00
% of Required P. Bond 25%
Perfomance Bond Amt 125,000.00
x 1.00%
Premium 1,250.00 1,250.00
x 25%
Taxes & Other Charges 312.50 312.50
Estimated Total Bonds Premium Amt 1,562.50

CARI **Depends on the work to be done

(Maximum of 0.35%/ Minimum of 0.25%)

Maximum
Contract Amount 44,000,000.00
% of insured amt 100%
44,000,000.00
x 0.25%
Premium 110,000.00 110,000.00
x 25%
Taxes & Other Charges 27,500.00 27,500.00
Estimated Total Bonds Premium Amt 137,500.00

Note:

Higher Amount of Bonds= Lower premium

Lower Amount of Bonds= Higher Premium
4

COMPREHENSIVE GENERAL LIABILITY

Contract Amount 20,000,000.00

ESTIMATED PREMIUM 50,000.00