The Post-Tender Checklist
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Tender awarded. Site possession in 14 days. The insurance and bond setup the Malaysian contractor cannot leave to chance.
Built for the contracts manager, QS, or owner-director at a Malaysian CIDB G3 to G7 contractor moving from Letter of Award to mobilisation.
✔ Insurance bind sequence: CAR or EAR, Public Liability, WC including foreign workers via SOCSO Employment Injury Scheme since 1 January 2019
✔ Performance Bond at the PWD 203A standard 5 percent of contract sum; APG where mobilisation advance applies
✔ Certificate distribution to principals; PWD 203A Clauses 17, 32 to 33, 48.1(a) and PAM 2018 Clauses 19, 20A, 20B, 20C anchors checked
✔ CIDB Act 520 levy at 0.125 percent of contract value above RM 500,000 lodged
For Malaysian CIDB G3 to G7 contractors. Subject to policy terms and conditions. Foundation is a specialist property and engineering insurance intermediary, not a broker.
Walk this with your intermediary inside 7 days of Letter of Award.
Foundation Insurance Solutions is a registered and licensed insurance intermediary in Malaysia specialising in property and engineering insurance for industrial operations. We provide comprehensive coverage for manufacturers, contractors, and facility owners across construction, electronics, food production, and high-risk industrial sectors.
Riskflow Sdn Bhd (202101001225):
Suite 3.19 (North Block), The Ampwalk, 218 Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
t: +60149256398 (Kevin)
email: kevin.hoong@getfoundation.com.my
