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I. The provisions of Paragraphs 4.02, 4.03 , and 4.04 do of insurance requested by Owner or any other additional not apply to a Hazardous Environmental Condition insured) which Contractor is required to purchase and uncovered or revealed at the Site. maintain. B . Owner shall deliver to Contractor, with copies to each ARTICLE 5 - BONDS AND INSURANCE additional insured identified in the Supplementary Condi - tions, certificates of insurance (and other evidence of insurance requested by Contractor or any other additional 5 .01 Performance, Payment, and Other Bonds insured) which Owner is required to purchase and maintain. A. Contractor shall famish performance and payment bonds, each in an amount at least equal to the Contract 5 .04 Comractor '.s Liability Insurance Price as security for the faithful performance and payment of all of Contractor' s obligations under the Contract A . Contractor shall purchase and maintain such liability Documents. These bonds shall remain in effect until one and other insurance as is appropriate for the Work being year after the date when final payment becomes due or performed and as will provide protection from claims set until completion of the correction period specified in forth below which may arise out of or result from Paragraph 13 .07, whichever is later, except as provided Contractor's performance of the Work and Contractor' s otherwise by Laws or Regulations or by the Contract other obligations under the Contract Documents, whether Documents. Contractor shall also furnish such other it is to be performed by Contractor, any Subcontractor or bonds as are required by the Contract Documents. Supplier, or by anyone directly or indirectly employed by any of them to perform any of the Work, or by anyone for B. All bonds shall be in the form prescribed by the whose acts any of them may be liable: Contract Documents except as provided otherwise by Laws or Regulations, and shall be executed by such 1 . claims under workers' compensation, disability sureties as are named in the current list of "Companies benefits, and other similar employee benefit acts; Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Compa- 2. claims for damages because of bodily injury, nies" as published in Circular 570 (amended) by the occupational sickness or disease, or death of Financial Management Service, Surety Bond Branch, U.S. Contractor' s employees; Department of the Treasury. All bonds signed by an agent must be accompanied by a certified copy of the agent's 3 . claims for damages because of bodily injury, authority to act. sickness or disease, or death of any person other than Contractor's employees; C . If the surety on any bond furnished by Contractor is declared bankrupt or becomes insolvent or its right to do 4. claims for damages insured by reasonably business is terminated in any state where any part of the available personal injury liability coverage which are Project is located or it ceases to meet the requirements of sustained: Paragraph 5 .01 . 6, Contractor shall promptly notify Owner and Engineer and shall, within 20 days after the a. by any person as a result of an offense event giving rise to such notification, provide another directly or indirectly related to the employment bond and surety, both of which shall comply with the of such person by Contractor, or requirements of Paragraphs 5 .01 .6 and 5 .02. b. by any other person for any other reason ; 5 .02 Licensed Sureties and Insurers 5 . claims for damages, other than to the Work A . All bonds and insurance required by the Contract itself, because of injury to or destruction of tangible Documents to be purchased and maintained by Owner or property wherever located, including loss of use Contractor shall be obtained from surety or insurance resulting therefrom; and companies that are duly licensed or authorized in the jurisdiction in which the Project is located to issue bonds 6. claims for damages because of bodily injury or or insurance policies for the limits and coverages so death of any person or property damage arising out of required. Such surety and insurance companies shall also the ownership, maintenance or use of any motor meet such additional requirements and qualifications as vehicle. may be provided in the Supplementary Conditions. B . The policies of insurance required by this Paragraph 5 .03 Certificates of Insurance 5 .04 shall : A . Contractor shall deliver to Owner, with copies to each I . with respect to insurance required by Paragraphs additional insured identified in the Supplementary 5 .04.A.3 through 5. 04.A.6 inclusive, include as Conditions, certificates of insurance (and other evidence additional insured (subject to any customary exclu- EJCDC C-700 Standard General Conditions of the Construction Contract. Copyright © 2002 National Society of Professional Engineers for EJCDC. All rights reserved. 00700 - 15