C150273 Contract

• Contract/PO #: C150273
• Contractor Name: Ogilvy Augmentation Company
• Contract Type: Loan
• Water District: 0
• County: Weld
• Loan Projects - Doc Type: Contract Documents

B. PROJECT PROVISIONS
1. Con truction Fund Program Procedures. During the completion of the PROJECT, the
BOR OWER shall adhere to the CWCB Construction Fund Program Procedures
(Se n 8), of the Project Summary.
2. Eligi le Expenses. The PROJECT expenses for which the BORROWER is eligible for
loan disbursements are listed in Eligible Expenses (Section 9) of the Project
3. Loan Disbursements. The CWCB shall disburse loan funds in accordance with the
Disbt irsement Schedule (Section 10) of the Project Summary.
4. Time for Performance. The BORROWER recognizes that time is of the essence in the
perfo ance 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. Indei inification By The Construction Firm. The BORROWER shall require all
Cons Tuction Firms and their subcontractors to indemnify the STATE and the BORROWER
agair st all liability and loss, and against all claims and actions based upon or arising
out o damage or injury, including death, to persons or property, caused by any acts or
omis ions of those parties or sustained in connection with the performance of any
contr ct related to the PROJECT or by conditions created thereby, or based upon any
viola on of any statute, ordinance, or regulation, and the defense of any such claims or
6. Liability insurance During Construction. During construction of the PROJECT, the
BOR ' ER shall require the construction firm(s) and any subcontractors to maintain the
folio ng insurance coverage in the limits shown during the term of their contracts for
the nstruction of the PROJECT. The BORROWER shall provide the CWCB with an
Aco Form 27 evidencing said insurance prior to commencement of construction,
main ined until construction is complete, and shall provide the CWCB with
docu entation of renewals of said insurance. No payments shall be made to the
Bo WER unless all insurance certificates are current.
a. B�Idees 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
b. Worker's compensation and employer's liability insurance in the required statutory
c. A omobile liability insurance that includes coverage for all owned, non -owned and
hle d vehicles with minimum limits of $1,000,000 combined single limit for bodily
in ry and property damage.
d. C mercial general liability insurance with minimum limits of $1,000,000 combined
se limit for each occurrence and $2,000,000 general aggregate. This insurance
c rage shall include products /completed operations and bodily injury/property
Loan Contract C150273