Page 224 - BASIC GUIDELINE FOR QS

Quantity Surveying: Guideline for Quantity Surveyor Chapter 6

6.18.1 Insurance of Work
Is a guarantee provided by a third party as a protection to clients and contractors for a
construction project. Contractor must be insured for loss and damages caused by fire,

thunderbolt, explosion, storm, typhoon, flood, landslide and others. The insurance must
be carried out with the approved insurance company in the name of the Government and
the Contractor.Total that need insure is total contract price and add any amount stated in

the appendix to conditions of contract.
The insurance must cover the entire period of completion. In the event that the

contractor does not renew the expired insurance, the superintendent officer shall renew
the insurance and pay all premiums. The scope covered in this insurance generally
includes:

 The work was done
 Building materials supplied to the construction site or adjacent to the site.

 Payment of consultation fees
 The cost of cleaning debris from a disaster
The risks of this work is covered for insurance against loss or damage is attributable to

the following items:
 Fire

 Explosion
 Storm, lightning, hurricanes and floods

 Slopes
 Water tanks, pipes burst or overflow

 Aircraft and other aerial devices or articles that fall from the aircraft
 Riots and civil unres
Among these risks are not covered by insurance work including all losses and damages

arising from:
 War or similar

 Any willful act or willful negligence of the insured or his representative
 Nuclear reaction, nuclear radiation or radioactive contamination

 Design mistake

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