Construction Bonds; Surety Bond, Performance Bond, LC and Guaranty Bond

[@nelsonlagua1807]

Sir, you are doing good especially for biginners!

[@muninkiel4688]

Just what I was looking for!! Thank you po sa pag explain

[@elyduropanjr8063]

SALAMAT PO , Laking Tulong , naintindihan ko na ang surety bond at performance bond. 🙂🙂👍👍

[@transkierockrose6370]

Good topic! Maestro Pidong! nice job my friend!

[@thomcayabyab8627]

Sir, very informative your topic for all the contractor, practitioner, architects and engineers and to the client/owner.

[@maestro_coffeetalk]

Thank you..pa share na din Sir.

[@almapiezas2860]

ang galing mo mag explain

[@spatzky]

Excellent video maestro

[@rexelabad5271]

Thank you Maestro 👌

[@jylesronnbaris7091]

Thank you so much sir Maestro for your clear explaination. this is what I'm looking for. If I may ask nalang din po. Is there a standard percentage of those different bonds relative to contract amount? thank you po. Newly registered contractor po pala ako sa PCAB sir. So these kind of topics are really helpful to me and to the allied professionals.

[@maestro_coffeetalk]

Dependi rin sa bonding firm pero do naman nagkakalayo.

[@rogeliobueno3598]

Saan po ba pwede magpagawa ng ng performance bond?

[@kevingemarcala1492]

Very informative video po. Thank you maestro. Question po, regarding sa pag contrata between architect and LGU meron po bang bonds yan? architectural design services lang po, no construction invlove.

[@soilboringtest3337]

Hello po ask ko lang po kung third party contractor need paba yung mga bonds na yan Like we only do soil boring test to the project. Thanks in advance po salamat ❤

[@maregeenadelosreyes187]

Hello po. Good morning, ask ko lang po if nag initiate po kayo ng mga trainings or webinars for basic insurances in construction? Thank you, Maestro God bless

[@markmagsaysay2990]

Kung need ninyo ng Advance Payment Bond, Performance Bond, Guarantee/Retention Bond and CARI. PM lang. Assist ko kayo!

[@carmelitamendez1775]

Hi po can i call ?what nmber po

[@RuelBalat]

Ano number mo sir​@@carmelitamendez1775

[@sixtofrayna3348]

Hello sir, ask ko lang po allowed po sa practice natin na ang design architect sya din ang magiging contractor of the same project and kung meron sya hardware pwede sya dun mag kuha ng materials?

[@meshmesh2251]

Thanks sir!

[@elladelacruz5821]

Hope all is well with you po. Sana mapansin and masagutan din. Sir, ask ko lang po if for example na turnover na po yung bahay samin then gusto po namin ipagawa yung gate namin. Si Kuya ko lang po ang gagawa para makatipid kami. I asked our Developer and was transferred to the After Sales Department. Bale ipapakita muna daw po namin yung design ng gate namin and sasabihin po nila kapag approve or hindi. Heto list ng need bayaran. Roof Extension/ Flooring - 3000 contractor's bond 500 admin fee = 3,500 total refundable 3000 Fence, Gates, Grillworks - 3000 bond 500 admin fee = 3500 refundable 3000 Home Extension - 5000 bond 1000 admin fee = 6000 in total refundable 5000

[@rosettereyes4051]

Question Arch. Dahil added expenses itong mga bonds at insurances, tama lang po ba na icharge ang lahat ng premiums sa client ?

[@maestro_coffeetalk]

Ussually lahat ng premiums ayg naka charge yan sa Client as part ng overhead or prelims cost ng Contractor when he sibmit its bid.

[@rosettereyes4051]

Question Arch based to experience which we just let it go. Ano naman po ang protection ni Archtect/Contractors kung si client naman ang nagkaroon ng change of mind na bawiin ang contract dahil narealize niya na kukuha na lang sila ng experience foreman pra mas makatipid at binabawi ang downpayment?

[@maestro_coffeetalk]

Review the terms and conditions of your Agreement and see to it that you have provisions on your protection on breach of contract.

[@denniscarlos0829]

Sir ask ko lng po if yung bahay ba is under pa ibig na need tlga mag cash bond kung papgawa ko lng nmn yung mga room cabinet at kitchen cabinet? or internal winddow grill. 3 days lng pwede gwin pero kpag lumagpas na sa 3 days dapat mag bond. slamat po

[@cynthiapare7256]

Kung 5k worth lang po ang ipapagawa mo. Tama po ba na kukuha kapa ng construction bond sa subdivision?

[@imlaolaotv6230]

hi po good day. just a little questions po sana. saan po ba pwde magbayad ng surety bond? actually po finished project na? thank you po in advance❤

[@rosettereyes4051]

Architect, anong link ko po makikita ung first discussion (construction insurances at ung part 2 nito) about this? Ty.

[@cbalde70]

Sir, question plse. What happen kung di mag agree si contructor n kumuha ng performance bond? Ano magiging repercussion sa owner??

[@maestro_coffeetalk]

Pag Di mag function ng maayos si Contractor wala kayong hahabulin na 3rd party na mag guaranty sa contractor s performance

[@arisrael100]

May hawak kami project 800k Tapos kukunan kami surety bond na 120k 15%, kung magbabayad kami surety bond and di sya refundable pano na kami kikita sir

[@johnnasolamo438]

sir gudpm. pag nagkuha po ba ng perfromance bond at di nagstart un project ng one year. marefund po ba ng contractor un binayad niya sa insurance? salamat po

[@rafsdiychannel4875]

Dood PM maestro, tanong ko lng po. kung irerenovate ko po ang unit ko na kmi lng gagawa or DIY. pwede parin po ba kmi mag avail ng Construction Bonds?

[@cultkuz5999]

Sana po ma improve audio maestro para perfect

[@fergeenovaleriano7298]

Meron po ako pinagawa project on going na. At meron kami performance bond sa contructor. Maexpired august bond. Feeling ko hindi matapos project. Anu po advise ninyo.

[@raisenmontoya3027]

Good day po. Paano po mag apply ng Performance Bond?

[@marztv1853]

Sir ano ang computations ng mga bonds na babayaran ni contractor?.

[@oNeHiVeGT]

Hello po refundable po ba ang construction bond? Un HOA po is asking 110k and non refundable. Tama po b un

[@babygurlvlog7364]

sir good morning..my ask po sana ko..ano po ba ang meaning ng security bond sa mga tulad Kong helper sa ibang bansa .paki explain po sana..salamat sir..God bless

[@babygurlvlog7364]

at ano po ang benefits po smin mga ofw ng security bond..

[@babygurlvlog7364]

sana po masagot nio po sir..slamat po

[@FilOzophy101]

Sir, samasan me pu audio mu edaka pu ayntindyan.

[@janemariefuentes2988]

Magpapagawa ako ng house and may hinihingi ang developer ko na 120k para sa construction bond. Ganun ba tlga kalaki ang bond

[@maestro_coffeetalk]

Dependi po sa subdivision developer, kung sa magarang subdivision po kayo baka possibly din na ganun kalaki.

[@janemariefuentes2988]

@@maestro_coffeetalk so ung bond is sa subd binabayad? 14k/sqm ang value ng lot.

[@maestro_coffeetalk]

@@janemariefuentes2988 bond usually will be returned by the subdivision developer once wala Naman damage sa mga roads or gutters after construction

[@binggarcia4469]

Sir g'mrning po.. may issangguni po ako tungkol s cash bond n hinihingi smin patungkol s gagawin nming kusina ung space s likod ng bhay nmin.. fully paid n po nmin ung bahay at lupa.. ang hinihingi po smin is 100k cash bond, pag nirefund n po nmin 80k n lng ang ibabalik, msyado po atang malaki ang cashbond nila? Sna po matugunan nyo ang aking problema.. GOD bless po.

[@maestro_coffeetalk]

Di ko alam bakit ganun ka laki, sa mga Subdivision, ang purpose ng cash bond ay kung sakaling may na sira sa gutter at di naayos doon kukunin ang pang pa repair... Some only asking 15-30k.. Kaya di ko ma gets why it is so a huge amount.. Inquire niyo po kung yan talaga ang standard nila... Siguro baka nasa executive village kayo kaya ganyan din ka taas ang rate

[@binggarcia4469]

@@maestro_coffeetalk sir pag executive village po b gnon tlaga kalaki ang cash bond.. and ung 20% illess nila for processing fee? Sobrang laki po kc kya balak ko pong i consult s lawyer kng nsa batas po yon.. kc po ung nsa contract to sell n pinirmahan nmin n nakapaloob s deed restriction, is (in no case lower than 10k) ung cash bond..

[@maestro_coffeetalk]

@@binggarcia4469 kung ganyan po ang nakalagay sa deed of restriction, pwedi niyo po pa assess sa kanila kung anu po ang possible na damages sa area during the course of the construction and how much more or less it will cost for the repairs, then pwesing approximate po nun amg cash bond.

[@binggarcia4469]

@@maestro_coffeetalk ok po thank u po s time... GOD bless po and stay safe ...

[@chriszaldotapia219]

So ibibigay po ng owner ang remaining 10% retention in exchange po ng bond?

[@mikealar27]

yes, if the request for the release of retention is within the period of defects liability time (less than 1 year). After the warranty period, release of retention can be released even without the guarantee bond.

[@clarkkentfuentebella730]

may rule of thumb formula po ba for Surety , Performance and other Bond

[@maestro_coffeetalk]

Usually for bonds it's 0.40%-0.55%.... For CARI is 0.15%.. (Dito naglalaro ng % of the amount declared base on Contract)

[@dominiqueeltagon921]

Sir in Government projects, Performance Bond and Contractor's all risk insurance are requirements ng notice of award before signing of contract agreement and notice to proceed, ang question ko po is ano po ba dapat ang validity ng contract? Yong from and to na date ng bonds,

[@mhicaelamalinao9626]

Ser pwede paba makuwa Yung cash bond namen sa baranggay

[@JimmyDaniloGuzman]

Not good audo