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B. All Bonds shall be in the form prescribed by
<br />the Contract Documents except as provided otherwise
<br />by Laws or Regulations, and shall be executed by
<br />such sureties as are named in the current list of "Com-
<br />panies Holding Certificates of Authority as Acceptable
<br />Sureties on Federal Bonds and as Acceptable
<br />Reinsuring Companies" as published in Circular 570
<br />(amended) by the Financial Management Service,
<br />Surety Bond Branch, U.S. Department of the
<br />Treasury. All Bonds signed by an agent must be
<br />accompanied by a certified copy of such agent's
<br />authority to act.
<br />C. If the surety on any Bond furnished by CON-
<br />TRACTOR is declared bankrupt or becomes insolvent
<br />or its right to do business is terminated in any state
<br />where any part of the Project is located or it ceases to
<br />meet the requirements of paragraph 5.01.B,
<br />CONTRACTOR shall within 20 days thereafter
<br />substitute another Bond and surety, both of which
<br />shall comply with the requirements of paragraphs
<br />5.01.6 and 5.02.
<br />5.02 Licensed Sureties and Insurers
<br />A. All Bonds and insurance required by the
<br />Contract Documents to be purchased and maintained
<br />by OWNER or CONTRACTOR shall be obtained from
<br />surety or insurance companies that are duly licensed
<br />or authorized in the jurisdiction in which the Project is
<br />located to issue Bonds or insurance policies for the
<br />limits and coverages so required. Such surety and
<br />insurance companies shall also meet such additional
<br />requirements and qualifications as may be provided in
<br />the Supplementary Conditions.
<br />5.03 Certificates of Insurance
<br />A. CONTRACTOR shall deliver to OWNER, with
<br />copies to each additional insured identified in the
<br />Supplementary Conditions, certificates of insurance
<br />(and other evidence of insurance requested by OWN-
<br />ER or any other additional insured) which CON-
<br />TRACTOR is required to purchase and maintain.
<br />to each additi L�sare � n i ied in the Supple-
<br />ary Conditions, certificates of insurance (and
<br />5.04 CONTRACTOR's Liability Insurance
<br />A. CONTRACTOR shall purchase and maintain
<br />such liability and other insurance as is appropriate for
<br />the Work being performed and as will provide
<br />protection from claims set forth below which may arise
<br />out of or result from CONTRACTOR's performance of
<br />the Work and CONTRACTOR's other obligations
<br />under the Contract Documents, whether it is to be per-
<br />formed by CONTRACTOR, any Subcontractor or
<br />Supplier, or by anyone directly or indirectly employed
<br />by any of them to perform any of the Work, or by
<br />anyone for whose acts any of them may be liable:
<br />1. claims under workers' compensation,
<br />disability benefits, and other similar employee
<br />benefit acts;
<br />2, claims for damages because of
<br />bodily injury, occupational sickness or disease,
<br />or death of CONTRACTOR's employees;
<br />3. claims for damages because of
<br />bodily injury, sickness or disease, or death of
<br />any person other than CONTRACTOR's
<br />employees;
<br />4. claims for damages insured by
<br />reasonably available personal injury liability
<br />coverage which are sustained: (i) by any person
<br />as a result of an offense directly or indirectly
<br />related to the employment of such person by
<br />CONTRACTOR, or (ii) by any other person for
<br />any other reason;
<br />5. claims for damages, other than to the
<br />Work itself, because of injury to or destruction
<br />of tangible property wherever located, including
<br />loss of use resulting therefrom; and
<br />6. claims for damages because of
<br />bodily injury or death of any person or property
<br />damage arising out of the ownership, mainte-
<br />nance or use of any motor vehicle.
<br />B. The policies of insurance so required by this
<br />paragraph 5.04 to be purchased and maintained shall:
<br />1. with respect to insurance required by
<br />paragraphs 5.04.A.3 through 5.04.A.6 inclusive,
<br />include as additional insureds (subject to any
<br />customary exclusion in respect of professional
<br />liability) OWNER, ENGINEER, ENGINEER's
<br />00700 - General Conditions REV 04-07
<br />00700-15
<br />F:\Engineering\Capital Projects\0803 17th Lane SW Roadway Improvements from 27th Ave to approx. 900 LF east of 27th Ave\0803 Contract Documents\00700 - General Conditions REV
<br />04-07.doc
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<br />'-Ta-
<br />B. All Bonds shall be in the form prescribed by
<br />the Contract Documents except as provided otherwise
<br />by Laws or Regulations, and shall be executed by
<br />such sureties as are named in the current list of "Com-
<br />panies Holding Certificates of Authority as Acceptable
<br />Sureties on Federal Bonds and as Acceptable
<br />Reinsuring Companies" as published in Circular 570
<br />(amended) by the Financial Management Service,
<br />Surety Bond Branch, U.S. Department of the
<br />Treasury. All Bonds signed by an agent must be
<br />accompanied by a certified copy of such agent's
<br />authority to act.
<br />C. If the surety on any Bond furnished by CON-
<br />TRACTOR is declared bankrupt or becomes insolvent
<br />or its right to do business is terminated in any state
<br />where any part of the Project is located or it ceases to
<br />meet the requirements of paragraph 5.01.B,
<br />CONTRACTOR shall within 20 days thereafter
<br />substitute another Bond and surety, both of which
<br />shall comply with the requirements of paragraphs
<br />5.01.6 and 5.02.
<br />5.02 Licensed Sureties and Insurers
<br />A. All Bonds and insurance required by the
<br />Contract Documents to be purchased and maintained
<br />by OWNER or CONTRACTOR shall be obtained from
<br />surety or insurance companies that are duly licensed
<br />or authorized in the jurisdiction in which the Project is
<br />located to issue Bonds or insurance policies for the
<br />limits and coverages so required. Such surety and
<br />insurance companies shall also meet such additional
<br />requirements and qualifications as may be provided in
<br />the Supplementary Conditions.
<br />5.03 Certificates of Insurance
<br />A. CONTRACTOR shall deliver to OWNER, with
<br />copies to each additional insured identified in the
<br />Supplementary Conditions, certificates of insurance
<br />(and other evidence of insurance requested by OWN-
<br />ER or any other additional insured) which CON-
<br />TRACTOR is required to purchase and maintain.
<br />to each additi L�sare � n i ied in the Supple-
<br />ary Conditions, certificates of insurance (and
<br />5.04 CONTRACTOR's Liability Insurance
<br />A. CONTRACTOR shall purchase and maintain
<br />such liability and other insurance as is appropriate for
<br />the Work being performed and as will provide
<br />protection from claims set forth below which may arise
<br />out of or result from CONTRACTOR's performance of
<br />the Work and CONTRACTOR's other obligations
<br />under the Contract Documents, whether it is to be per-
<br />formed by CONTRACTOR, any Subcontractor or
<br />Supplier, or by anyone directly or indirectly employed
<br />by any of them to perform any of the Work, or by
<br />anyone for whose acts any of them may be liable:
<br />1. claims under workers' compensation,
<br />disability benefits, and other similar employee
<br />benefit acts;
<br />2, claims for damages because of
<br />bodily injury, occupational sickness or disease,
<br />or death of CONTRACTOR's employees;
<br />3. claims for damages because of
<br />bodily injury, sickness or disease, or death of
<br />any person other than CONTRACTOR's
<br />employees;
<br />4. claims for damages insured by
<br />reasonably available personal injury liability
<br />coverage which are sustained: (i) by any person
<br />as a result of an offense directly or indirectly
<br />related to the employment of such person by
<br />CONTRACTOR, or (ii) by any other person for
<br />any other reason;
<br />5. claims for damages, other than to the
<br />Work itself, because of injury to or destruction
<br />of tangible property wherever located, including
<br />loss of use resulting therefrom; and
<br />6. claims for damages because of
<br />bodily injury or death of any person or property
<br />damage arising out of the ownership, mainte-
<br />nance or use of any motor vehicle.
<br />B. The policies of insurance so required by this
<br />paragraph 5.04 to be purchased and maintained shall:
<br />1. with respect to insurance required by
<br />paragraphs 5.04.A.3 through 5.04.A.6 inclusive,
<br />include as additional insureds (subject to any
<br />customary exclusion in respect of professional
<br />liability) OWNER, ENGINEER, ENGINEER's
<br />00700 - General Conditions REV 04-07
<br />00700-15
<br />F:\Engineering\Capital Projects\0803 17th Lane SW Roadway Improvements from 27th Ave to approx. 900 LF east of 27th Ave\0803 Contract Documents\00700 - General Conditions REV
<br />04-07.doc
<br />
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