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GREAT AMERICAN INSRUANCE GROUP
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Last modified
2/7/2024 3:40:43 PM
Creation date
2/7/2024 3:40:43 PM
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Contracts
Company Name
GREAT AMERICAN INSRUANCE GROUP
Contract #
A-2024-005
Agency
Public Works
Council Approval Date
1/16/2024
Notes
NO INSURANCE REQUIRED
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4. Surety to Perform Remaining Work. Surety shall be responsible for the <br />completion of all Work, including the replacement of the Holding Building Roof as <br />outlined below in this Section, in accordance with the conditions of the bond, Contract, <br />and this Agreement ("Remaining Work/Obligations"), specifically, but not limited, to the <br />conditions described under section 10 of the Terms and Condition listed below. Surety <br />shall perform the Remaining Wort, through one or more completion contractors <br />(hereinafter "Completion Contractor"), subject to written approval by the Owner, which <br />Surety shall engage pursuant to the terms of a separate agreement. Owner hereby <br />acknowledges that Surety is not acting as a contractor and is not licensed as a contractor <br />in the State of California, and hereby agrees to fully and forever waive and release any <br />and all claims that Owner might allege against Surety on the grounds that Surety is an <br />unlicensed contractor for the work performed pursuant to the Agreement. <br />Additionally, HYM inadvertently removed the existing standing seam metal roof of the <br />Holding Building. GAIC shall replace the standing seam metal roof in kind at no cost to <br />Owner and Owner will pay for any necessary repairs to the existing damage of the <br />standing seam metal roof substrate through an additive change order to be negotiated <br />after construction resumes. In exchange for providing this new standing seam metal roof, <br />LAIC will not be required to provide the specified cool roof membrane system over the <br />new standing seam metal roof. Owner agrees to assign its rights for the replacement of <br />the roof only under HYM's Commercial General Liability insurance policy. The Parties <br />agree to cooperate with another to the extent reasonably necessary in submitting any <br />potential insurance claim(s) with HYM's Commercial General Liability insurance carrier. <br />4.1 Disputed Work. The parties acknowledge that there is a disagreement <br />whether the scope of work outlined in PCO No. 11 was validly executed and thus, <br />incorporated as part of the Contract and Remaining Work/Obligations ("Disputed Work <br />Item."). In order to avoid any further delay of the Project, GAIC and Owner shall in good <br />faith continue to work together to resolve any and all pending issues pertaining to this <br />Disputed Work Item to the extent practicable after the execution of this Agreement. <br />Owner and GAIC shall retain any and all rights provided by the either the Contract, this <br />Agreement, or by law which pertain to resolving the Disputed Work Item through any <br />legal means available. <br />5. Owner's Rights and Obligations Under the Contract. Except to the extent <br />provided in this Agreement, Owner shall have all rights, obligations and responsibilities <br />under the Contract with respect to Surety, to the reasonable extent and effect as if Surety <br />had executed the Contract. <br />6. Owner's Right With Respect to Changes in the Work. Owner reserves the <br />right, to the extent appropriate under the Contract and this Agreement, to issue Change <br />Orders. The terms of these Change Orders, including attendant extensions of time and <br />valuation of Change Order work, shall be determined as provided in the Contract. Surety <br />reserves the right to refuse to perform any extra or additional work if such work <br />constitutes a cardinal change under the Contract. Owner reserves the right to dispute that <br />3 <br />
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