2018-131B - Laserfiche WebLink

Home Browse Search

B.All Bonds shall bainthe form prescribed by the Contract Documents except as provided otherwise by Laws or ReoulaUonm, and mho]| be executed by such sureties aeare named inthe current list of^Com- paniea Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies" as published in Circular 570 (amended) by the Financial Management Sen/ice, Surety Bond Bnonch, U.S. Department of the Treasury. All Bonds signed by an agent must be accompanied by a oarbfiad copy of such agent's authority toact. C. If the surety on any Bond furnished bvCON- TRACTOR iadeclared bankrupt orbecomes insolvent or its right to do businesa is terminated inany state where any part of the Project is located mit ceases to meet the requirements of paragraph 5.01.13. CONTRACTOR shall within 20 days thereafter substitute another Bond and nurety, both of which shall comply with the requirements of paragraphs 5.02 Licensed Sureties and Insurers A. All Bonds and insurance required by the Contract Documents tobapurchased and maintained bvOWNER orCONTRACTOR shall beobtained from surety orinsurance companies that are duty licensed orauthorized inthe jurisdiction inwhich the Project located to issue Bonds or insurance policies for the limits and coverages so required, Such surety and insurance companies shall also meet such additional requirements and qualifications oamay beprovided in the Supplementary Conditions. 5.03 [entifioabeoofInsurance A. CONTRACTOR shall deliver to OWNER, with copies toeach additional insured identified in the Supplementary Conditicmo, certificates of insurance (and other evidence ofinsurance requested bvOWN- ER or any other additional insured) which CON- TRACTOR is required to purchase and maintain. OWNER shall deliver to GONTRAGTOR, with Gepi to eaGh additional insured identified in the Supple 5.04 hxmumancs* A. CONTRACTOR shall purchase and maintain such liability and other insurance as is appropriate for the Work being performed and as will provide protection from claims set forth below which may arise out of or result from CONTRACTOR's performance of the Work and other obligations under the Contract Documents, whether ithatobeper- formed by CONTRACTOR, any Subcontractor or Supp|iar, or by anyone directly orindirectly pknxad by any of them to perform any of the VVork, or by anyone for whose acts any ofthem may beliable: 1. dainlm under workers' disability benefits, and other similar employee benefit acts; 2. claims for dannoQeo because of bodily injury, sickness or diseaoe, ordeath of employees; 3. claims for damages because of bodily injury, eichn000 or disease, or death of any person other than CONTRACTOR'a 4. claims for damages insured by injuryreasonably available personal liability coverage which are sustained: (i) by any person as a result of an offense directly or indirectly related to the employment of such person by CONTRACTOR, or (ii) by any other person for any other reason; 5. claims for damages, other than to the Work itself, because of injury to or destruction of tangible property wherever located, including loss of use resuffing therefrom; and 6. claims for damages because of bodily injury ordaathofm property damage arising out ofthe ownership, mainte- nance B. The policies of insurance so required by this paragraph 5.O4tobo purchased and maintained shai 1. with respect to insurance required by paragraphs 5.O4.A.3through 5.04.A.6 inclusive, include as additional insureds (subject customary exclusion iof professional liability) OWNER, ENGINEER, ENGINEER's 00700 - General Conditions REV 5-10-13 Uo7oO-x5 rAIRublicxorks\ENomsEnwenmomwpmusCTSA130o-Cmsmxesurfmcupuwyrtlomm125thnwmmm\bivdm=rnemmm"ste,Contract owcu"e"m00r00'General Conditions