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<br />terms of this contract. Such bond shall be duly executed by a qualified corporate surety conditioned <br />upon the faithful performance of the contract and in addition, shall provide that if the CONTRACTOR or <br />his subcontractors fail to duly pay for any labor, materials, team hire, sustenance, provisions, <br />provendor or other supplies used or consumed by such CONTRACTOR or his subcontractor in . <br />performance of the work contracted to be done or fails to pay any person who supplies rental <br />machinery, tools, or equipment in the prosecution of the work the surety will pay the same in an <br />amount not exceeding the sum specified in the bond, together with interest at the rate of eight per <br />cent per annum. Unless such bond is executed, delivered and filed, no claim in favor of the <br />CONTRACTOR arising under such contract shall be audited, allowed or paid. A certified or cashier's <br />check or a bank money order payable to the Treasurer of the State of Colorado may be accepted in <br />lieu of a bond. This provision is in compliance with C.R.S. 38-26-106. <br /> <br />4. Indemnification. To the extent authorized by law, the CONTRACTOR shall indemnify, save, and hold <br />harmless the STATE, its employees and agents, against any and all claims, damages, liability and <br />court awards including costs, expenses, and attorney fees incurred as a result of any act or omission <br />by the CONTRACTOR, or its employees, agents, subcontractors, or assignees pursuant to the terms of <br />this contract. <br /> <br />5. Discrimination And Affirmative Action. The CONTRACTOR agrees to comply with the letter and <br />spirit ofthe Colorado Antidiscrimination Act of 1957, as amended, and other applicable law respecting <br />discrimination and unfair employment practices (C.R.S. 24-34-402), and as required by Executive <br />Order, Equal Opportunity and Affirmative Action, dated April 16, 1975. Pursuant thereto, the following <br />provisions shall be contained in all STATE contracts or sub-contracts. <br /> <br />During the performance of this contract, the CONTRACTOR agrees as follows: <br /> <br />a. The CONTRACTOR will not discriminate against any employee or applicant for employment <br />because of race, creed, color, national origin, sex, martial status, religion, ancestry, mental or <br />physical handicap, or age. The CONTRACTOR will take affirmative action to insure that applicants <br />are employed, and that employees are treated during employment, without regard to the above <br />mentioned characteristics. Such action shall include, but not be limited to the following: <br />employment upgrading, demotion, or transfer, recruitment or recruitment advertisings; lay-offs or <br />terminations; rates of payor other forms of compensation; and selection for training, including <br />apprenticeship. The CONTRACTOR agrees to post in conspicuous places, available to employees <br />and applicants for employment, notices to be provided by the contracting officer setting forth <br />provisions of this non-discrimination clause. <br /> <br />b. The CONTRACTOR will, in all solicitations or advertisements for employees placed by or on behalf <br />of the CONTRACTOR, state that all qualified applicants will receive consideration for employment <br />without regard to race, creed, color, national origin, sex, martial status, religion, ancestry, mental <br />or physical handicap, or age. <br /> <br />c. The CONTRACTOR will send to each labor union or representative of workers with which he has a <br />collective bargaining agreement or other contract or understanding, notice to be provided by the <br />contracting officer, advising the labor union or workers' representative of the CONTRACTOR'S <br />commitment under the Executive Order, Equal Opportunity and Affirmative Action, dated April 16, <br />1975, and of the rules, regulations, and relevant Orders of the Governor. <br /> <br />d. The CONTRACTOR and labor unions will furnish all information and reports required by Executive <br />Order, Equal Opportunity and Affirmative Action of April 16, 1975, and by the rules, regulations <br />and Orders of the Governor, or pursuant thereto, and will permit access to his books, records, and <br />accounts by the contracting agency and the office of the Governor or his designee for purposes of <br />investigation to ascertain compliance with such rules, regulations and orders. <br /> <br />e. A labor organization will not exclude any individual otherwise qualified from full membership rights <br /> <br />The Horse Creek Water Users Association <br /> <br />Page 9 of 11 <br /> <br />Loan Contrac) <br />