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1 . In lieu of the Public Construction Bond , the CONTRACTOR may furnish an <br /> alternative form of security in the form of cash , money order, certified <br /> check , cashier' s check , irrevocable letter of credit or a security as listed in <br /> Part II of F . S . Chapter 625 . Any such alternative form of security shall be <br /> for the same purpose , and be for the same amount and subject to the <br /> same conditions as those applicable to the bond otherwise required . The <br /> determination of the value of an alternative form of security shall be made <br /> by the OWNER . <br /> 2 . Such Bond shall continue in effect for one ( 1 ) year after acceptance of the <br /> Work by the OWNER . <br /> 3 . The CONTRACTOR shall record , the Public Construction Bond with the <br /> Public Record Section of the Indian River County Courthouse located at <br /> 2000 16th Avenue , Vero Beach , Florida 32960 . The recorded bonds shall <br /> be forwarded to the Indian River County Purchasing Division on or before <br /> the seventh day after it is recorded . The CONTRACTOR shall pay all <br /> 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 . 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 policy <br /> shall include a waiver of subrogation as against OWNER and ENGINEER <br /> on account of injury sustained by an employee ( s ) of the 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 /> g . Underground . <br /> 3 . Business Auto Liability : Coverage shall provide minimum limits of liability <br /> of $ 1 , 000 , 000 per occurrence Combined Single Limit for Bodily Injury and <br /> Property Damage . This shall include coverage for: <br /> a . Owner Autos <br /> b . Hired Autos <br /> C , Non -Owned Autos . <br /> 4 . CONTRACTOR' s "All Risk" Insurance : CONTRACTOR shall secure <br /> Builders ' Risk "All Risk" insurance at his expense and provide properly <br /> 00800-3 <br /> 00800 - Supplementary Conditions 06-09 rev.doc <br /> F:\PublicWorks\ENGINEERING DIVISION PROJECTS\0533-Oslo Rd Phase 11 (43rd Ave to 271h Ave)\Admim\bid documents\00800 - Supplementary Conditions 06-09 rev.doc <br />