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CTGG1 2016-1046 Contract
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CTGG1 2016-1046 Contract
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Last modified
10/28/2015 1:01:04 PM
Creation date
10/28/2015 1:00:54 PM
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Loan Projects
Contract/PO #
CTGG1 2016-1046
Contractor Name
Central Colorado Water Conservancy District
Contract Type
Grant
Loan Projects - Doc Type
Contract Documents
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i.Worker's Compensation <br /> Worker's Compensation Insurance as required by State statute,and Employer's Liability Insurance <br /> covering all of Grantee and Subgrantee employees acting within the course and scope of their <br /> employment. <br /> ii.General Liability <br /> Commercial General Liability Insurance written on ISO occurrence form CG 00 01 10/93 or <br /> equivalent,covering premises operations,fire damage, independent contractors,products and <br /> completed operations,blanket contractual liability,personal injury,and advertising liability with <br /> minimum limits as follows: (a)$1,000,000 each occurrence; (b)$2,000,000 general aggregate;(c) <br /> $1,000,000 products and completed operations aggregate;and(d)$50,000 any one fire.If any <br /> aggregate limit is reduced below$1,000,000 because of claims made or paid, Subgrantee shall <br /> immediately obtain additional insurance to restore the full aggregate limit and furnish to Grantee a <br /> certificate or other document satisfactory to Grantee showing compliance with this provision. <br /> iii.Automobile Liability <br /> Automobile Liability Insurance covering any auto(including owned,hired and non-owned autos)with <br /> a minimum limit of$1,000,000 each accident combined single limit. <br /> iv.Additional Insured <br /> Grantee and the State shall be named as additional insured on the Commercial General Liability and <br /> Automobile Liability Insurance policies(leases and construction Grants require additional insured <br /> coverage for completed operations on endorsements CG 2010 11/85,CG 2037,or equivalent). <br /> v.Primacy of Coverage <br /> Coverage required of Grantee and Subgrantees shall be primary over any insurance or self-insurance <br /> program carried by Grantee or the State. <br /> vi. Cancellation <br /> The above insurance policies shall include provisions preventing cancellation or non-renewal without <br /> at least 45 days prior notice to the Grantee and Grantee shall forward such notice to the State in <br /> accordance with§16(Notices and Representatives)within seven days of Grantee's receipt of such <br /> notice. <br /> vii. Subrogation Waiver <br /> All insurance policies in any way related to this Grant and secured and maintained by Grantee or its <br /> Subgrantees as required herein shall include clauses stating that each carrier shall waive all rights of <br /> recovery,under subrogation or otherwise,against Grantee or the State, its agencies,institutions, <br /> organizations,officers,agents,employees,and volunteers. <br /> C.Certificates <br /> Grantee and all Subgrantees shall provide certificates showing insurance coverage required hereunder to <br /> the State within seven business days of the Effective Date of this Grant.No later than 15 days prior to the <br /> expiration date of any such coverage,Grantee and each Subgrantee shall deliver to the State or Grantee <br /> certificates of insurance evidencing renewals thereof.In addition,upon request by the State at any other <br /> time during the term of this Grant or any subgrant,Grantee and each Subgrantee shall,within 10 days of <br /> such request,supply to the State evidence satisfactory to the State of compliance with the provisions of this <br /> §13. <br /> 14.BREACH <br /> A.Defined <br /> In addition to any breaches specified in other sections of this Grant,the failure of either Party to perform <br /> any of its material obligations hereunder, in whole or in part or in a timely or satisfactory manner, <br /> constitutes a breach.The institution of proceedings under any bankruptcy, insolvency,reorganization or <br /> similar law,by or against Grantee,or the appointment of a receiver or similar officer for Grantee or any of <br /> its property,which is not vacated or fully stayed within 20 days after the institution or occurrence thereof, <br /> shall also constitute a breach. <br /> Page 7 of 15 <br />
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