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' SC-4 . 06 . 1­1 Delete paragraph GC-4. 06. H in its entirety. <br /> SC -5 . 01 Performance , Payment and Other Bonds <br /> ' SC- 5 . 01 . A. Delete paragraph GC-5. 01 . A in its entirety and insert the following paragraph in its <br /> place: <br /> ' A . Within ten ( 10 ) days of receipt of the Contract Documents for execution , the <br /> CONTRACTOR shall furnish a Performance Bond in an amount equal to 125 % of <br /> ' the Contract Price and a Payment Bond in an amount equal to 100 % of the <br /> Contract Price . <br /> 1 . The CONTRACTOR shall provide two separate bonds . A combined <br /> ' Payment and Performance Bond for 125 % of the Contract Price is not an <br /> acceptable substitute . <br /> 2 . Such Bonds shall continue in effect for one ( 1 ) year after acceptance of <br /> ' the Work by the OWNER. <br /> 3 . The CONTRACTOR shall record , the Payment Bond and the <br /> Performance Bond with the Public Record Section of the Indian River <br /> County Courthouse located at 2000 16th Avenue , Vero Beach , Florida <br /> ' 32960 . The recorded bonds shall be forwarded to the Indian River <br /> County Purchasing Division on or before the seventh day after they are <br /> recorded . The CONTRACTOR shall pay all costs . <br /> ' SC-5 . 01 . 6 . Delete paragraph GC-5. 01 . 8 in its entirety and insert the following paragraph in its <br /> place: <br /> B . All Bonds shall be in the form prescribed by the Contract Documents except as <br /> provided otherwise by Laws or Regulations , and shall be executed by such <br /> ' sureties as are named in the current list of " Companies Holding Certificates of <br /> Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring <br /> Companies" as published in Circular 570 (amended ) by the Financial Management <br /> ' Service , Surety Bond Branch , U . S . Department of the Treasury. The sureties for <br /> all Bonds must be authorized to issue surety bonds in Florida . The <br /> CONTRACTOR shall require the attorney-in -fact who executes any Bond , to affix <br /> to each a current certified copy of their Power of Attorney , reflecting such <br /> person 's authority as Power of Attorney in the State of Florida . Further, at the <br /> time of execution of the Contract , the CONTRACTOR shall for all Bonds , provide <br /> a copy of the Surety's current valid Certificate of Authority issued by the United <br /> ' States Department of the Treasury under 31 United States Code sections 9304- <br /> 9308 . <br /> ' SC -5 . 03 Certificates of Insurance <br /> SC-5 . 03 Delete the second sentence of paragraph GC-5. 03 in its entirety. <br /> ' SC -5 . 04 CONTRACTOR' s Liability Insurance <br /> ' SC-5 . 04 Add the following new paragraphs immediately after paragraph GC-5. 04. 8: <br /> C . The limits of liability for the insurance required by paragraph 5 . 04 of the General <br /> Conditions shall provide coverage for not less than the following amounts or <br /> ' greater where required by Laws and Regulations : <br /> ' 00800 - Supplementary Conditions <br /> 008003 <br /> FAPublic Works\Capital Projects\Fourth Street-Old Dixie-US I \CONTRACT DOCUMENTS\00800 - Supplementary Conditions .doc <br />