Laserfiche WebLink
B . Written/computed dimensions shall govern over scaled dimensions . <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 paragraphs 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 100 % 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 100 % of the Contract Price is not an <br /> acceptable substitute . <br /> 2 . In lieu of the Performance and Payment Bonds , the CONTRACTOR may <br /> furnish an alternative form of security in the form of cash , money order, <br /> certified check , cashier' s check , irrevocable letter of credit or a security as <br /> listed in Part 11 of F . S . Chapter 625 . Any such alternative form of security <br /> shall be for the same purpose , and be for the same amount and subject <br /> to the same conditions as those applicable to the bond otherwise <br /> required . The determination of the value of an alternative form of security <br /> shall be made by the OWNER . <br /> 3 , Such Bonds shall continue in effect for one ( 1 ) year after acceptance of <br /> the Work by the OWNER. <br /> 4 , 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 . 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 /> 1 . Worker's Compensation : To meet statutory limits in compliance with the <br /> Worker's Compensation Law of Florida . This policy must include <br /> Employer Liability with a limit $ 100 , 000 for each accident, $500 , 000 <br /> disease (policy limit) and $ 100 , 000 disease (each employee ) . Such <br /> policy shall include a waiver of subrogation as against OWNER and <br /> ENGINEER on account of injury sustained by an employee (s ) of the <br /> CONTRACTOR. <br /> 2 , Commercial General Liability: Coverage shall provide minimum limits of <br /> liability of $ 1 , 000 , 000 per occurrence Combined Single Limit for Bodily <br /> Injury and Property Damage . This shall include coverage for: <br /> a . Premises/Operations <br /> b . Products/Completed Operations <br /> 00800-2 <br /> 00800 - supplementary conditions REV 04-07 <br /> 00800 2F:\Engineering\Capital Projects\0216-12th Street Between 16th Avenue and 11th Place\0216 Bid Documents\00800 . SupplementaryConditions REV 04-07.doc <br />