COMMERCIAL CHECK LIST

PROJECT NAME : New LOCC Project PAP#3 ( Mini Pile Work )

VENDOR NAME :
PROPOSAL DATE :
CONTRACT TYPE : LUMP SUM / UNIT PRICE
TENDER BOND AMOUNT : RP 100,000,000,-

1 PAYMENT TERMS
10% BANK GUARANTEE.
BANK GUARANTEE VALIDITY: UNTIL END OF PROJECT +1 MONTH
10% PERFORMANCE BOND (BANK GUARANTEE OR SURETY BOND)
PERFORMANCE BOND VALIDITY: UNTIL END OF PROJECT +1 MONTH

PROGRESS PAYMENTS: 90% MONTHLY PROGRESS

10% RETENTION PAYMENT: 12 MONTHS MAINTENANCE PERIOD

PAYMENT TERMS BY TT / SCF

2 TAX CONDITION

WITHOLDING TAX FOR SERVICE PAYMENT, IF APPLICABLE, SHALL BE PAID BY SUPPLIER (PPH
INCLUDED)

3 LIQUIDATED DAMAGES

A) DELAY IN ESSENTIAL DATES

0.83% OF THE PRICE OF THE WORK, FOR EACH DAY OF DELAY.
B) MAXIMUM LIQUDATED DAMAGES
10% OF THE PRICE OF THE WORK.
4 KICK OF MEETING ( KOM)

KICK OF MEETING TO BE CONDUCTED AFTER THE PROJECT AWARD

5 CONFIDENTIALITY

SUPPLIER AGREE TO KEEP THE EXISTENCE OF THIS PROJECT, ITS PURPOSES AND ANY FUTURE
AGREEMENTS IN RELATION TO THIS PROJECT STRICTLY CONFIDENTIAL AND SHALL NOT
DISCLOSE, DIVULGE OR USE THE SAME IN ANY PUBLICITY, ADVERTISEMENT, OFFICIAL PRESS
RELEASES, ANNOUNCEMENTS OR ANY OTHER SIMILAR MEDIA OUTLET WITHOUT OBTAINING
THE PRIOR CONSENT IN WRITING OF THE PURCHASER

6 PROJECT SCHEDULE

40 CALENDAR DAYS AFTER SERVICE ORDER

SIGN & STAMP

COMPANY NAME
NAME