Insurance (CARI)

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Insurance (CARI)

Post by Mikel on Tue Dec 16, 2014 11:30 am

Can a procuring entity require in the bid documents that the CARI (contractor's all risk insurance) to be furnished by the winning bidder shall only be secured from the GSIS? this condition is imposed by the Land Bank of the Philippines as a condition of the loan availed by the PE to fund the project being implemented. Thank you very much.

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