The BIDDER warrants the financing and construction the <<Name of Project>> on a <<type of contractual arrangement>>, assuming cost overruns, delays and specified performance risk, taking into consideration the design issued with the Bidding Documents, to operate and maintain the facility/project for cooperation period of _______ years and turn over to the LGU after the specified cooperation period.
Guaranteed Construction Period:________ (Number) Years/Months.
The Bidder warrants to complete the construction of the project on or before ___________, 20__.
Guaranteed Date of Start of Commercial Operation:
(indicate each major component of the Project)