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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 . B in its entirety and insert the following paragraph in its <br /> place: <br /> B . All Bonds shall be in the form prescribed b the Contract Documents except as <br /> Y p <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. B: <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 /> C . Contractual Liability <br /> d . Independent Contractors <br /> e . Explosion <br /> f. Collapse <br /> Last Revised 12/2007 00800- 6- Wabasso Beach No Restoration <br /> FAPublic Works\Cliff Suthard\Wabasso Beach ParkW Construction Bid Documents\Bid Documents as of 1 -9-2008\Div 0 AS OF 1 -8- <br /> 2008\00800 - Supplementary Conditions.doc <br />