AIA-CEC & RDA - Haputhale - Boralanda - Keppetipola Road
AIA-CEC & RDA - Haputhale - Boralanda - Keppetipola Road
AIA-CEC & RDA - Haputhale - Boralanda - Keppetipola Road
AIA Insurance Lanka PLC (Co. No. PQ 18) Date QUOTATION FOR CONTRACTOR'S ALL RISK INSURANCE Contractor Principal Title of Project Consulting Engineers & Contractors (Pvt) Ltd Road Development Authority Rehabilitation & Improvements to Haputhale Boralanda Keppetipola Road From 0+000 km To 27+000 km Contract No. : RDA/DW/UVA/LBFP/2012/271 30 Months ( Commencement date to be Agreed ) 12 Months From The date of Completion LKR As Per The Standard AIA Contractor's All Risk Insurance Policy ( Munich Re Wording ) With Following Munich Re Endorsement ; : 26/08/2013
Maintenance visits Time Schedule (Deviation 4 weeks) Underground Cable, Pipes and other facilities Crops, Forests & Cultures Warranty concerning Sections ( 250 m per section, Maximum of 4 sections, Minimum distance between two sections is 500m) Warranty concerning camps & stores MR-107 ( Per Camp / Storage unit LKR 2,500,000.00 Per event & Max nos camps or storage units 4 ) Construction Plant, Equipment & machinery ( excluding piling machines ) MR-108 Construction material MR-109 Safety measures with respect to precipitation, flood & inundation MR-110 Fire Fighting Facilities MR-112 Inland Transit MR-113 ( Limit per Consignment LKR 1,000,000.00/ In aggregate for the Period LKR 5,000,000.00 ) Vibration, removal or weakening of support ( VRWS ) MR-120 ( Per event LKR 250,000/- & In aggregate for the period LKR 1,000,000/- ) Riot & Strike ( Maximum limit Up to LKR 1,500,000,000.00 ) Warranty concerning De-watering Munich Re Wet Risk Clause MR-003 MR-005 MR-102 MR-103 MR-106 Section I (Material Damage) Contract Work Plant & Machinery (excluding piling machines ) 2,445,441,397.00 82,650,000.00 2,528,091,397.00 Section II (Third Party Liability) Bodily Injury (Per Person) Property Damage (Per Event) 5,000,000.00 5,000,000.00
T/P/L (In Aggregate ) 25,000,000.00 (No of Occurrences unlimited within the Aggregate Limit)
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Premium Payable
Basic Riot & Strike Premium Cess Stamp Duty Policy Fee NBT VAT Total Premium
0.100 0.150
0.13000
Conditions
* Warranted that the Warning Sign boards should be displayed in Sinhala, Tamil and English Languages (written in letters not less than 3 in size) Danger Men at Work No Parking (No liability admitted to the third-party vehicles parked within the radius of 10 feet from the construction site.) * Steps must be taken to avoid outsiders/ third parties entering the construction site unnecessarily ( Outsiders should not be allowed to enter the premises without Prior approval ) * All the construction works should be carried out according to the method statements, specifications and according to the approved construction drawings / methods. * Construction Plant / Vehicles should be operated by trained operators with appropriate heavy vehicles license issued by the Department of Motor Traffic * Any loss or damage to the Principle's existing property is excluded. * Over topping of coffer dam is excluding * Temporary works ( including temporary access roads ) & Coffer dams ( Total or Partial losses to the coffer dams ) is excluded * Earth slips, Land slides, Rock Slides, Subsidence & Settlement howsoever caused is excluded Section I Riot & Strike Act of God ( including all Natural Perils ) Contractor's Plant & Machinery ( Applicable on each & every item ) All Other Causes Section II Third Party Property Damage (including VRWS)
10% 10% or LKR 250,000/- (Whichever is Higher) 10% or LKR 50,000/- (Whichever is Higher) 10% or LKR 50,000/- (Whichever is Higher)
Workmen's Compensation Insurance Coverage Period of Insurance Extension Granted Riot's & Strike First three days cover As per the Standard AIA Workmans Compensation Insurance policy wording 12 months
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Premium Payable Basic Riot & Strike Annual Premium Cess ( 0.3% ) Stamp Duty Policy Fee NBT VAT Total Premium
0.125000 0.037500
Terms and Conditions *Maximum liability under the workmen's compensation ordinance and maximum amount payable under the insurance policy. i) Death of workman LKR ii) Permanent total disablement of workman LKR iii) Half monthly compensation for temporary disablement LKR Remarks
550,000/550,000/5,500/-
* Subject to submission of a completed proposal form * Detailed project report / Method Statement, Detailed BOQ & Layout plans should be submitted. * Detailed inventory for construction plant, equipment & machinery with value, make/model, year of make/purchase to be submitted * Confirmation of cover is subject to a satisfactory of risk inspection report and Terms / Condition may vary or withdrawn based on the inspection report. * This quotation is subject to submission of Company Registration number at the time of cover confirmation * This Quotation is valid for 30 days only
We trust the terms quoted by us meet with your requirements and await your confirmation to proceed further. Thank you, Yours faithfully, (Signed) Authorized Signatory For AIA INSURANCE LANKA PLC Quoted By :- Kasun A Authorized By :- Saminda N
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