Terms and Conditions for MCMC Procurement AgreementTerms and Conditions for McMc Procurement Agreement • September 8th, 2020
No. TERMS AND CONDITIONS 1. PERFORMANCE BOND The Company shall as soon as practicable provide to the Commission the Performance Bond for the sum equivalent to ten percent (10%) of the Fees. The Performance Bond shall be valid throughout the Services period and an additional three (3)/six (6)/twelve (12)* months after the acceptance by the Commission of the final and full completion of the Services, to the satisfaction of the Commission. 2. INSURANCE The Company shall be required to take out and maintain at its own expense a professional indemnity insurance, public liability insurance and such other insurance as may be necessary or reasonable in the circumstances and for an appropriate amount for any single or series of claims arising out of an event in connection with the Services performed, its personnel, agents or sub-contractors and third parties, throughout the duration of the Services implementation and the warranty period thereafter, or for such other period as may be reque
