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Bid No. 2018045/IRC-1502 <br />credit or a security as listed in Part 11 of F.S. Chapter 625. Any such alternative form of security <br />shall be for the same purpose, and be for the same amount andsubject to the same conditions <br />as those applicable ,to the bond otherwise required. The determination of the value of an <br />alternative form of security shall be made by the OWNER. <br />B. Such Bond shall continue in effect for one (1) year after acceptance of the Work by the OWNER. <br />C. The OWNER shall record the Public Construction Bond with the Public Record Section of the <br />Indian River County Courthouse located at 2000 16th Avenue, Vero Beach, Florida 32960. <br />ARTICLE 7 -INDEMNIFICATION <br />7.01 CONTRACTOR shall indemnify and hold harmless the OWNER, and its commissioner, officers, <br />employees, and agents, from liabilities, damages, losses and costs, including, but not limited to, <br />reasonable attorney's fees, to the extent caused by the negligence, recklessness, or intentional <br />wrongful misconduct of the CONTRACTOR and persons employed or utilized by the <br />CONTRACTOR in the performance of the Work. <br />ARTICLE 8 - CONTRACTOR'S REPRESENTATIONS <br />8.01 In order to induce OWNER to enter into this Agreement CONTRACTOR makes the following <br />representations: <br />A. CONTRACTOR has examined and carefully studied the Contract Documents and the other related <br />data identified in the Invitation to Bid documents. <br />B. CONTRACTOR has visited the Site and become familiar with and is satisfied as to the general, local, <br />and Site conditions that may affect cost, progress, and performance of the Work. <br />C. CONTRACTOR is familiar with and is satisfied as to all federal, state, and local Laws and Regulations <br />that may affect cost, progress, and performance of the Work. <br />D. CONTRACTOR has obtained and carefully studied (or assumes responsibility for having done so) all <br />additional or supplementary examinations, investigations, explorations, tests, studies, and data <br />concerning. conditions (surface, subsurface, and Underground Facilities) at or contiguous to the <br />Site which may affect cost, progress, or performance of the Work or which relate to any aspect of <br />the means, methods, techniques, sequences, and procedures of construction to be employed by <br />CONTRACTOR, including applying the specific means, methods, techniques, sequences, and <br />procedures of construction, if any, expressly required by the Contract Documents to be employed <br />by CONTRACTOR, and safety precautions and programs incident thereto. <br />CONTRACTOR does not consider that any further examinations, investigations, explorations, tests, <br />studies, or data are necessary for the performance of the Work at the Contract Price, within the <br />Contract Times, and in accordance with the other terms and conditions of the Contract <br />Documents. <br />F. CONTRACTOR is aware of the general nature of work to be performed by OWNER and others at <br />the Site that relates to the Work as indicated in the Contract Documents. <br />Page 27 of 37 <br />