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D. CWCB staff must be present at bid opening and must approve the award of the <br /> construction contract. <br /> E. The BORROWER shall contract for the construction of the work with responsible and <br /> capable Construction Firms, which said Construction Firms shall be selected by <br /> the BORROWER and found acceptable by the CWCB staff. <br /> F. The BORROWER must provide a copy of the executed construction contract <br /> documents consisting of the contractor's proposal, construction contract, <br /> performance bond, payment bond, notice of award, notice to proceed, sample <br /> change order, and sample field order, as well as the advertisement for bid and bid <br /> bond at bidding. After the CWCB staff verifies that these documents comply with <br /> the terms of this contract, the BORROWER may issue the notice to proceed to the <br /> Construction Firms. <br /> G. The BORROWER shall conduct a pre-construction conference at which time the <br /> CWCB staff shall have the opportunity to review and approve the construction <br /> schedule. <br /> H. If the CWCB staff determines that the PROJECT requires a resident inspector during <br /> construction, the BORROWER shall employ an inspector who has been approved by <br /> the CWCB staff. <br /> I. The BORROWER shall construct the PROJECT in accordance with the approved <br /> plans and specifications. <br /> J. Upon completion of the PROJECT construction, the BORROWER shall provide as-built <br /> drawings of the PROJECT to the CWCB staff, or, if required by § 37-87-105, C.R.S., <br /> the BORROWER shall provide the as-built drawings to the State Engineer's Office for <br /> approval and filing. <br /> K. Upon completion of the PROJECT construction, the BORROWER shall arrange a final <br /> inspection for the CWCB staff. <br /> L. The BORROWER shall pay all of the expenses related to the.PROJECT when such <br /> bills are due. <br /> M. The BORROWER must submit a written apprai opinion,ofall e Trom a qualified <br /> water rights appraiser supporting the purche pfice .prior to disbursal of loan <br /> funds. <br /> SECTION 8 — ELIGIBLE EXPENSES. The following items are eligible for loan <br /> disbursements. <br /> A. Preparing final designs and specifications for the PROJECT. <br /> B. Preparing bid and construction contract documents. <br /> C. Preparing environmental assessment or environmental impact statements, and <br /> otherwise complying with the Federal National Environmental Policy Act. <br /> Page 3 of 4 <br />