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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 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 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 they are recorded . The CONTRACTOR shall pay <br /> 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 /> 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 /> completed and executed " Certificates of Insurance and Insurance <br /> Endorsement" forms in the exact wording and format presented in these <br /> Contract Documents before starting work . <br /> 00800-3 <br /> 00800 - Supplementary conditions REV 04-07 .doc <br /> 00800 3F:\Public Works\ENGINEERING DIVISION PROJECTS\0745-Indian River Blvd Sidewalk Imp. Proj 12th_17th St. (LAP)Wdmim\bid documents\00800 - <br /> Supplementary Conditions REV 04-07.doc <br />