C150272 Contract

• Contract/PO #: C150272
• Contractor Name: Farmers Pawnee Canal Company, The
• Contract Type: Loan
• Water District: 0
• County: Logan
• Loan Projects - Doc Type: Contract Documents

general aggregate, including products /completed operations and personal injury.
b. Prior to the disbursement of any loan funds, the BORROWER shall provide the
CWCB with an Acord Form 25 evidencing said insurance and shall provide the
CWCB with documentation of renewals of said insurance.
17. Additional Contract Requirements. Any additional contract requirements are set
forth in Additional Contract Requirement (Section 7) of the Project Summary.
B. PROJECT PROVISIONS
1. Construction Fund Program Procedures. During the completion of the PROJECT,
the BORROWER shall adhere to the CWCB Construction Fund Program Procedures
(Section 8), of the Project Summary.
2. Eligible Expenses. The PROJECT expenses for which the BORROWER is eligible for
loan disbursements are listed in Eligible Expenses (Section 9) of the Project
Summary.
3. Loan Disbursements. The CWCB shall disburse loan funds in accordance with the
Disbursement Schedule (Section 10) of the Project Summary.
4. Time for Performance. The BORROWER recognizes that time is of the essence in
the performance of all of its obligations under this contract. Therefore, the
BORROWER shall complete the PROJECT within the time specified in Time for
Performance (Section 11) of the Project Summary.
5. Indemnification By The Construction Firm. The BORROWER shall require all
Construction Firms and their subcontractors to indemnify the STATE and the
BORROWER against all liability and loss, and against all claims and actions based
upon or arising out of damage or injury, including death, to persons or property,
caused by any acts or omissions of those parties or sustained in connection with the
performance of any contract related to the PROJECT or by conditions created thereby,
or based upon any violation of any statute, ordinance, or regulation, and the defense
of any such claims or actions.
6. Liability Insurance During Construction. During construction of the PROJECT, the
BORROWER shall require the construction firm(s) and any subcontractors to maintain
the following insurance coverage in the limits shown during the term of their contracts
for the construction of the PROJECT. The BORROWER shall provide the CWCB with an
Acord Form 27 evidencing said insurance prior to commencement of construction,
maintained until construction is complete, and shall provide the CWCB with
documentation of renewals of said insurance. No payments shall be made to the
BORROWER unless all insurance certificates are current.
a. Builder's risk insurance for construction in progress for all perils of loss including
fire, wind, hail, and vandalism in an amount equal to the completed value of the
PROJECT.
Loan Contract C150272
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