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' ARTICLE 5 - BONDS AND INSURANCE A. CONTRACTOR shall purchase and maintain such liability and other insurance as is appropriate for the Work being performed and as will provide protection from claims set forth ' 5. 01 Performance, Payment, and Other Bonds below which may arise out of or result from CONTRACTOR's performance of the Work and CONTRACTOR's other A. CONTRACTOR shall furnish performance and obligations under the Contract Documents , whether it is to be payment Bonds , each in an amount at least equal to the performed by CONTRACTOR, any Subcontractor or Supplier, ' Contract Price as security for the faithful performance and or by anyone directly or indirectly employed by any of them to payment of all CONTRACTOR's obligations under the Contract perform any of the Work , or by anyone for whose acts any of Documents . These Bonds shall remain in effect at least until them may be liable: one year after the date when final payment becomes due, ' except as provided otherwise by Laws or Regulations or by the 1 . claims under workers' compensation, disability Contract Documents. CONTRACTOR shall also furnish such benefits , and other similar employee benefit acts; other Bonds as are required by the Contract Documents . 2 . claims for damages because of bodily injury, ' B . All Bonds shall be in the form prescribed by the occupational sickness or disease, or death of Contract Documents except as provided otherwise by Laws or CONTRACTOR's employees ; Regulations , and shall be executed by such sureties as are named in the current list of "Companies Holding Certificates of 3. claims for damages because of bodily injury, ' Authority as Acceptable Sureties on Federal Bonds and as sickness or disease, or death of any person other than Acceptable Reinsuring Companies" as published in Circular 570 CONTRACTOR's employees ; (amended ) by the Financial Management Service , Surety Bond Branch, U . S . Department of the Treasury. All Bonds signed by 4. claims for damages insured by reasonably ' an agent must be accompanied by a certified copy of such available personal injury liability coverage which are agent's authority to act. sustained : ( i ) by any person as a result of an offense directly or indirectly related to the employment of such C. If the surety on any Bond furnished by CON- person by CONTRACTOR , or ( ii ) by any other person ' TRACTOR is declared bankrupt or becomes insolvent or its for any other reason ; right to do business is terminated in any state where any part of the Project is located or it ceases to meet the requirements of 5. claims for damages , other than to the Work itself, paragraph 5. 01 . 8, CONTRACTOR shall within 20 days because of injury to or destruction of tangible property thereafter substitute another Bond and surety , both of which wherever located , including loss of use resulting shall comply with the requirements of paragraphs 5. 01 . 8 and therefrom ; and 5.02. 6. claims for damages because of bodily injury or 5 . 02 Licensed Sureties and Insurers death of any person or property damage arising out of the ownership, maintenance or use of any motor A. All Bonds and insurance required by the Contract vehicle . Documents to be purchased and maintained by OWNER or ' CONTRACTOR shall be obtained from surety or insurance B . The policies of insurance so required by this companies that are duly licensed or authorized in the jurisdiction paragraph 5 . 04 to be purchased and maintained shall : in which the Project is located to issue Bonds or insurance policies for the limits and coverages so required . Such surety 1 . with respect to insurance required by paragraphs ' and insurance companies shall also meet such additional 5. 04.A. 3 through 5. 04 .A. 6 inclusive, include as requirements and qualifications as may be provided in the additional insureds (subject to any customary exclrsion Supplementary Conditions . in respect of professional liability ) OWNER, ENGINEER, ENGINEER's Consultants , and any other individuals or ' 5. 03 Certificates of Insurance entities identified in the Supplementary Conditions , all of whom shall be listed as additional insureds , and include A. CONTRACTOR shall deliver to OWNER, with copies coverage for the respective officers , directors , partners , to each additional insured identified in the Supplementary employees, agents , and other consultants and ' Conditions, certificates of insurance (and other evidence of subcontractors of each and any of all such additional insurance requested by OWNER or any other additional insureds , and the insurance afforded to these additional insured ) which CONTRACTOR is required to purchase and insureds shall provide primary coverage for all claims maintain . OWNER shall deliver to CONTRACTOR, with copies covered thereby; ' to each additional insured identified in the Supplementary Conditions , certificates of insurance (and other evidence of 2. include at least the specific coverages and be insurance requested by CONTRACTOR or any other additional written for not less than the limits of liability provided in insured ) which OWNER is required to purchase and maintain. the Supplementary Conditions or required by Laws or ' Regulations , whichever is greater; 5 . 04 CONTRACTOR 's Liability Insurance 3 . include completed operations insurance; ' 044572000 00700 - 13