2003-295 - Laserfiche WebLink

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Performance Bond, to affix to each a current certified copy of their Power of Attorney in the State of Florida. At the time that CONTRACTOR furnishes the Payment Bond and the Performance Bond to OWNER, CONTRACTOR shall provide a copy of the Surety' s current valid Certificate of Authority issued by the United States Department of the Treasury under 31 Unite States Code sections 9304-9308 . The information required by Florida Statute Section 255 .05 ( 1 ) (a) for the payment and performance bonds on the face of each bond is as follows : " The bond must state on its front page: the name, principal business address, and phone number of the contractor, the surety, the owner of the property being improved, and, if different from the owner, the contracting public entity; the contract number assigned by the contracting public entity; and a description of the project sufficient to identify it, such as a legal description of the street address of the property being improved, and a general description of the improvement. 3 . Such Bonds shall continue in effect for one ( 1 ) year after acceptance of the Work by the OWNER. 5 ' SC-5 . 03 Certificates of Insurance SC-5 .03 .A Delete the second sentence from GC-5. 03.A in its entirety SC-5 .04 CONTRACTOR's Liability Insurance SC-5 . 04 .11 Delete paragraph GC-5. 04. B in its entirety and replace with the following: B . In addition to any other required insurance, the CONTRACTOR shall, at least ten ( 10) days prior to the effective date of this contract, provide to the OWNER a certificate of commercial general liability insurance with a reputable insurance company authorized to do business in the. State of Florida, subject to approval by the OWNER' s risk manager in an amount not less than $3 ,000,000 combined single limit for bodily injury and property damage, including coverage for premises/operations, products/completed operations, contractual liability, and independent contractors, in accordance with the OWNER' S Administrative Policy Manual. The CONTRACTOR shall, at least ten ( 10) days prior to the effective date of this agreement, provide to the OWNER a certificate of business auto liability insurance with a reputable insurance company authorized to do business in the State of Florida, subject to approval by the OWNER' s risk manager, in an amount not less than $3 ,000,000 per occurrence combined single limit for bodily injury and property „ _ a damage, including coverage for owned autos and other vehicles, hired autos and other vehicles, non-owned autos and other vehicles, in accordance with the OWNER' S Administrative Policy Manual . The CONTRACTOR, prior to notice to proceed or commencement of work, whichever occurs first, agrees to maintain Builder' s Risk insurance providing coverage to protect the interests of the OWNER, CONTRACTOR, subcontractors, including property acquired under a sales tax incentive program, property in transit, and property on or off premises, which shall become part of the Project. Coverage shall be written on a n All-Risk, Replacement Cost, and Completed Value Form basis in an amount at least equal to 100% of the projected completed value of the Project as well as subsequent modifications of that sum . The CONTRACTOR further agrees that any flat deductible(s) shall not exceed $25,000, any wind percentage deductible (when applicable) shall not exceed ten percent ( 10%) ; and any flood sub limit . shall not be less than 25% of the projected completed value of the project. A manuscript endorsement shall amend the automatic termination clause to only terminate coverage if 6706-38392\8/20/03 008004 VRB