The Contractor shall, before executing
or signing the Contract submit to NIA a credit line issued by an authorized
bank/financing institution in an amount which is equal to the average operating
expenses of the project for two (2) months or ten percent (10%) of the
approximate total project cost whichever is less, or a cash deposit certificate
in the amount specified in the foregoing. In the case of a cash deposit
certificate submitted by the winning bidder, withdrawal of said cash deposit
shall be subject to the approval of NIA.