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<br />Waiver of Subrogation <br />Contractor hereby agrees to waive rights of subrogation which any insurer of Contractor <br />may acquire from Contractor by virtue of the payment of any loss. Contractor agrees to <br />obtain any endorsement that may be necessary to affect this waiver of subrogation. The <br />Workers’ Compensation policy shall be endorsed with a waiver of subrogation in favor <br />of City for all work performed by Contractor, its employees, agents and sub-contractors. <br />Verification of Coverage <br />Contractor shall furnish City with original Certificates of Insurance including all required <br />amendatory endorsements (or copies of the applicable policy language effecting <br />coverage required by this clause). A statement on a Certificate(s)/Evidence of Insurance <br />will not be accepted in lieu of the actual endorsements required herein. Failure to obtain <br />the required documents prior to the work beginning shall not waive Contractor’s <br />obligation to provide them. City reserves the right to require complete, certified copies of <br />all required insurance policies, including endorsements, required by these <br />specifications, at any time. <br />Sub-Contractors <br />Contractor shall require and verify that all sub-contractors maintain insurance meeting <br />all requirements stated herein, and Contractor shall ensure that City is an additional <br />insured on insurance required from sub-contractors. For CGL coverage, sub-contractors <br />shall provide coverage with a form at least as broad as CG 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 <br />price. If the Performance Bond provides for a one-year warranty a separate <br />Maintenance Bond is not necessary. If the warranty period specified in the contract is <br />for longer than one year a Maintenance Bond equal to 10% of the contract price is <br />required. Bonds shall be duly executed by a responsible corporate surety, authorized to <br />issue such bonds in the State of California and secured through an authorized agent <br />with an office in California. <br />C-4