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Contractor's obligation to provide them. City reserves the right to require complete, certified copies of all
<br /> required insurance policies, including endorsements, required by these specifications, at any time.
<br /> Sub-Contractors
<br /> Contractor shall require and verify that all sub-contractors maintain insurance meeting all requirements
<br /> stated herein, and Contractor shall ensure that City is an additional insured on insurance required from
<br /> sub-contractors. For CGL coverage, sub-contractors shall provide coverage with a form at least as broad
<br /> as CO 20 38 04 13.
<br /> Surety Bonds
<br /> Contractor shall provide the following Surety Bonds:
<br /> 1. Bid Bond
<br /> 2. Performance Bond
<br /> 3. Payment Bond
<br /> 4. Maintenance Bond
<br /> The Payment Bond and the Performance Bond shall be in a sum equal to the contract price. If the
<br /> Performance Bond provides for a one-year warranty a separate Maintenance Bond is not necessary. If the
<br /> warranty period specified in the contract is for longer than one year a Maintenance Bond equal to 10%of
<br /> the contract price is required. Bonds shall be duly executed by a responsible corporate surety, authorized
<br /> to issue such bonds in the State of California and secured through an authorized agent with an office in
<br /> California.
<br /> Failure to Maintain Insurance Coverage
<br /> If Contractor, for any reason, fails to maintain insurance coverage which is required pursuant to this
<br /> contract, the same shall be deemed a material breach of contract. City, at its sole option, may terminate
<br /> this contract at any time and obtain damages from Contractor resulting from said breach.
<br /> Special Risks or Circumstances
<br /> City reserves the right to modify these requirements, including limits, based on the nature of the risk,prior
<br /> experience, insurer, coverage, or other circumstances.
<br /> 7. INDEMNIFICATION
<br /> Contractor agrees to defend, and shall indemnify and hold harmless the City, its officers, agents,
<br /> employees, contractors, special counsel, and representatives from liability: (1) for personal injury,
<br /> damages, just compensation, restitution, judicial or equitable relief arising out of claims for personal
<br /> injury, including death, and claims for property damage, which may arise from the negligent operations
<br /> of the Contractor, its subcontractors,agents,employees, or other persons acting on its behalf which relates
<br /> to the services described in section 1 of this Agreement; and (2) from any claim that personal injury,
<br /> damages, just compensation, restitution, judicial or equitable relief is due by reason of the terms of or
<br /> effects arising from this Agreement.This indemnity and hold harmless agreement applies to all claims for
<br /> damages, just compensation, restitution, judicial or equitable relief suffered, or alleged to have been
<br /> suffered, by reason of the events referred to in this Section or by reason of the terms of,or effects, arising
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