Section 5.4

- The following shall be the obligations of the PROPONENT:

1. It shall be responsible for the financing, development, construction, operation, maintenance and management of the PROJECT; The PROPONENT shall see to it that the PROJECT is in compliance with the technical and operating specifications as stated in the PROPONENT's Technical Proposal (ANNEX B);

2. It shall complete the PROJECT within the timeframe stated in the PROPONENT's Technical Proposal (ANNEX B) from receipt of the Notice to Proceed, save in case of valid extension/suspension of contract time granted and/or additional/extra work ordered to be done by the LGU outside of the requirements of the original plans and specification therefore;

3. It shall, at all times during the construction, testing, operation and maintenance of the PROJECT, comply with, and secure at its own cost all legal requirements, permits, consents and approvals;

4. It shall not make or suffer any alteration or changes in plans and specifications during the construction or alteration/changes in the completed structure during the operation period without the written consent of the LGU; The LGU in case of request for alteration/changes shall act on the same within ______ calendar days, otherwise the request shall be considered as approved; and

5. It shall operate and maintain the PROJECT based on accepted facility management practices and shall provide for repairs and replacement costs to ensure performance within the prescribed standards.