2016-110 - Laserfiche WebLink

Home Browse Search

IRC Go-Line Transfer Hub 1. The amount of the bond shall be 100 percent of the original contract price, unless the Owner determines that a lesser amount would be adequate for the protection of the Owner. 2. The Owner may require additional bond protection when a contract price is increased. The increase in protection shall generally equal 100 percent of the increase in contract price. The Owner may secure additional protection by directing the Contractor to increase the penal amount of the existing bond or to obtain an additional bond. Warranty of the Work and Maintenance Bonds 1. The Contractor warrants to Owner, the Architect and/or Engineer that all materials and equipment furnished under this Contract will be of highest quality and new unless otherwise specified by Owner, free from faults and defects and in conformance with the Contract Documents. All work not so conforming to these standards shall be considered defective. If required by the Owner's Project Manager, the Contractor shall furnish satisfactory evidence as to the kind and quality of materials and equipment. 2. The Work furnished must be of first quality and the workmanship must be the best obtainable in the various trades. The Work must be of safe, substantial and durable construction in all respects. The Contractor hereby guarantees the Work against defective materials or faulty workmanship for a minimum period of one (1) year after Final Payment by Owner and shall replace or repair any defective materials or equipment or faulty workmanship during the period of the guarantee at no cost to Owner. As additional security for these guarantees, the Contractor shall, prior to the release of Final Payment as provided for in Division 1 of the Contract Documents and Specifications , furnish separate Maintenance (or Guarantee) Bonds in forin acceptable to Owner written by the same corporate surety that provides the Public Construction Bond for this Contract. These bonds shall secure the Contractor's obligation to replace or repair defective materials and faulty workmanship for a minimum period of one (1) year after Final Payment and shall be written in an amount equal to ONE HUNDRED PERCENT (100%) of the CONTRACT SUM, as adjusted (if at all). 14. CLEAN AIR 42 U.S.C. 7401 et seq 40 CFR 15.61 49 CFR Part 18 Clean Air - (1) The Contractor agrees to comply with all applicable standards, orders or regulations issued pursuant to the Clean Air Act, as amended, 42 U.S.C. §§ 7401 et seg. The Contractor agrees to report each violation to the Purchaser and understands and agrees that the 00421-11