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<br />construction, the BORROWER shall employ an inspector who has been approved by the
<br />CWCB staff,
<br />
<br />h. The BORROWER shall construct the PROJECT in accordance with the approved plans and
<br />specifications,
<br />
<br />i. Upon completion of the PROJECT construction, the BORROWER shall provide as-built
<br />drawings of the PROJECT to the CWCB staff, and, if required by section 37-87-105, C,R.S,
<br />(1999), the BORROWER shall provide the same drawings to the State Engineer's Office for
<br />approval and filing,
<br />
<br />j, Upon completiDn of the PROJECT construction, the BORROWER shall arrange a final
<br />inspection for the CWCB staff, CONSTRUCTION FIRM, and the CONSULTANT,
<br />
<br />2. Time For PROJECT Completion. The BORROWER recognizes that time is of the essence in
<br />the performance of all of its obligations under this contract. Therefore, the BORROWER shall
<br />complete the PROJECT within two (2) years from the date of this contract, The time for
<br />completion of the PROJECT may be extended subject to the approval of the STATE, The
<br />BORROWER must provide, in writing, documented justification for any request for extension
<br />sixty (60) days prior to the end of the period for completion. The STATE will provide to the
<br />BORROWER within thirty (30) days following receipt of the BORROWER'S request, a letter of
<br />approval or denial of the request for extension of time for completion,
<br />
<br />3. Indemnification By The CONSTRUCTION FIRM, The BORROWER shall require all
<br />CONSTRUCTION FIRMS and their subcontractors to indemnify the STATE and the BORROWER
<br />against all liability and loss, and against all claims and actions based upon or arising out of
<br />damage or injury, including death, to persons or property, caused by any acts or omissions of
<br />those parties or sustained in connection with the performance of any contract related to the
<br />PROJECT or by conditions created thereby, or based upon any violation of any statute,
<br />ordinance, or regulation, and the defense of any such claims or actions.
<br />
<br />4. Liability Insurance During Construction, The BORROWER shall require the CONSTRUCTION
<br />FIRM and its subcontractors to maintain, during the term of their contracts for construction of
<br />the PROJECT, the following insurance with a company that is satisfactory to the STATE:
<br />
<br />a, Worker's compensation and employer's liability insurance in the required statutory
<br />amounts,
<br />
<br />b. Automobile liability insurance which includes coverage for all owned, non-owned and hired
<br />vehicles with minimum limits of $1,000,000 combined single limit for bodily injury and
<br />property damage,
<br />
<br />c, Commercial general liability insurance with minimum limits of $1,000,000 combined single
<br />limit for each occurrence and $2,000,000 general aggregate, This insurance coverage
<br />shall include products/completed operations and personal injury,
<br />
<br />d, Builder's risk insurance for construction in progress for all perils of loss including fire, wind,
<br />hail, vandalism, and flood in an amount equal to the amount of the PROJECT construction
<br />contract(s),
<br />
<br />Said general liability insurance shall name the BORROWER and the STATE as additional
<br />
<br />Chilcott Ditch Company
<br />
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