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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 shalt 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 /> alf required insurance policies, including endorsements, required by these <br /> specifications, at anytime. <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 CC 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 bands in the State of California and secured through an authorized.agent <br /> with an office in California. <br /> C-4 <br /> Cooperative Cost Reimbursement Agreement for.Croddy W.ay Street Improvements Project 2025_0227 <br />