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Insurance to do business in this state have been met. <br /> (b) In the case of the surety insurance company, in addition to the deduction for reinsurance,the <br /> amount assumed by any co-surety, the value of any security deposited, pledged or held <br /> subject to the consent of the surety and for the protection of the surety shall be deducted. <br /> GC 47 INSURANCE. <br /> 1. The Contractor shall maintain and pay for such insurance, issued in the name of the Owner <br /> and naming the Owner as an Additional Insured, with such coverages as will protect the Owner from <br /> contingent liability under the Contract, as set forth in the Special Conditions <br /> 2. Coverages. See Special Conditions. <br /> 3. The Certificate of Insurance and policy endorsements or riders shall name the County as <br /> "ADDITIONAL INSURED" with respect to all Liability coverages. Contractor shall provide <br /> evidence of continued coverage in the event of renewal or policy termination. Owner may <br /> withhold payment to Contractor until evidence of insurance coverage is received. <br /> 4.. These insurance requirements shall not in any manner limit or qualify the liabilities and <br /> obligations assumed by Contractor under the Contract. <br /> 5. The Contractor shall be entirely responsible for securing Certificates of Insurance coverage <br /> as set forth above from all subcontractors who are engaged in the work. <br /> GC 48 INDEMNITY. <br /> Contractor agrees to protect,defend, reimburse, indemnify and hold the Owner, its agents, employees <br /> and elected officers and each of them (collectively), free and harmless at all times from and against any and <br /> all claims, liability, expenses, losses, suits, costs, fines and damages, including attorney fees and costs, and <br /> causes of action of every kind and character against the Owner by reason of any damage to property or the <br /> environment, or bodily injury (including death) incurred or sustained by any party hereto, or of any party <br /> acquiring any interest hereunder, and any third or other party whomsoever, or any governmental agency, <br /> arising out of or incident to or in connection with Contractor's performance under this Contract, Contractor's <br /> acts, omissions or operations hereunder, the site conditions, or the performance, non-performance or <br /> purported performances of the Contractor or any breach of the terms of this Contract; to the extent caused by <br /> the negligence, recklessness, or intentional wrongful misconduct of Contractor and persons or entities <br /> employed or utilized by Contractor in its performance. (§725.06 F.S.) <br /> GC 49 DISPUTE RESOLUTION. <br /> Final Completion. Notwithstanding any other provision, the parties agree that any unresolved dispute <br /> regarding the punch list or any other requirement for Final Completion shall be mediated with the Engineer as <br /> the mediator. <br /> Waiver of Arbitration. The Owner and Contractor agree expressly waive any and all provisions <br /> regarding arbitration, including any and all provisions regarding arbitration as a condition precedent to litigation <br /> contained elsewhere in any Contract Documents. <br /> GC 50 OWNER'S RIGHT TO TERMINATE CONTRACT FOR CAUSE. <br /> If the Contractor should be adjudged bankrupt, or if he should make a general assignment for the <br /> benefit of his creditors, or if a receiver should be appointed on account of his insolvency, or if he should <br /> persistently or repeatedly refuse or should fail, except in cases for which extension of time is provided, to <br /> maintain an established schedule (30 days behind a critical path activity), to supply enough properly skilled <br /> workmen or proper materials; or if he should fail to make prompt payments to subcontractors or for material or <br /> labor or persistently disregard laws, ordinances or the instructions of the Engineer, or otherwise fails to <br /> conform to the Contract requirements or abandons or refuses to perform any work, Owner may without <br /> prejudice to any other right or remedy, and after giving the Contractor and its Surety seven (7)calendar days <br /> 43 <br />