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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 />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 />5. Special Requirements: <br />a. Ten (10) days prior to the commencement of any work under this <br />Contract, certificates of insurance and endorsement forms in the <br />exact wording and format as presented in these Contract <br />00800-3 <br />00800 - Supplementary Conditions <br />00800 3F:\Engineering\Capital Projects\0381 Oslo Road Boat Ramp\0381 Contract Documents and Specifications\00800 - Supplementary Conditions.doc <br />