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b. The General Liability and Automobile Liability coverages shall name the <br />Program Manager, the City, and their respective officers, agents, employees and volunteers, as <br />additional insureds, and shall provide that the City and Program Manager shall be given thirty (30) <br />days advance written notice of expiration, reduction or cancellation of such coverage, by certified <br />mail. Program Manager shall assure that its Construction Manager causes each Contractor to <br />maintain a Commercial General Liability Policy of insurance with an aggregate limit of liability of <br />not less than $2,000,000.00 products completed operations, a general aggregate of not less than <br />$2,000,000.00 and excess coverage of not less than $2,000,000 each occurrence and general <br />aggregate; provided, however, the City may waive or reduce the minimum coverage requirements <br />with respect to any Contractor. All such policies shall meet the requirements set forth in Section <br />11.1. <br />11.3 Fire Insurance <br />Program Manager shall cause its Construction Manager, to the extent appropriate, and each <br />Contractor, to the extent appropriate, to maintain fire insurance on such party's own equipment and <br />machinery, or to adequately self -insure the same. <br />11.4 Property Insurance/Builders Risk <br />The City shall provide, or cause to be provided, and maintain at its sole cost, property <br />insurance in the amount of the value of the improvements on the property where the Project is to be <br />constructed on a replacement cost basis. The insurance shall include the interest of the City, the <br />Program Manager and its agents. Such insurance shall be on an all-risk policy form. <br />ARTICLE 12 <br />12. BONDS <br />12.1 General Requirement <br />This Article sets forth the bonding requirements to be imposed upon the Construction <br />Manager and Project Contractors. <br />a. Before allowing a Contractor to enter upon the Project Site and perform Project <br />construction work, the Program Manager shall cause its Construction Manager <br />to cause to be filed with the City four duplicates of each bond required under this <br />Article. These bonds shall be in the amounts and for the purposes specified <br />below. They shall be surety bonds issued by: <br />(1) Either a California Admitted Surety OR a current Treasury Listed <br />Surety (Federal Register). <br />and <br />13 <br />