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owned autos) with a minimum limit as follows: $1,000,000 each accident combined <br /> single limit. <br /> The Certificates of Insurance and insurance policies required above shall be subject to the following <br /> stipulations: <br /> B. The State of Colorado shall be named as additional insured on the Commercial General <br /> Liability and Automobile Liability Insurance policies (leases and construction contracts will <br /> require the additional insured coverage for completed operations on endorsements CG 2010 <br /> 11/85, CG 2037 or equivalent). Coverage required of the contract will be primary over any <br /> insurance or self-insurance program carried by the State of Colorado. <br /> C. The Insurance shall include provisions preventing cancellation or non-renewal without at <br /> least 45 days prior notice to the State by certified mail. <br /> D. The contractor will require all insurance policies in any way related to the contract and <br /> secured and maintained by the contractor to include clauses stating that each carrier will <br /> waive all rights of recovery, under subrogation or otherwise, against the State of Colorado, <br /> its agencies, institutions, organizations, officers, agents, employees and volunteers. <br /> E. All policies evidencing the insurance coverages required hereunder shall be issued by <br /> insurance companies satisfactory to the State. <br /> F. The contractor shall provide certificates showing insurance coverage required by this contract <br /> to the State within ten days of the notice of award. No later than 15 days prior to the expiration <br /> date of any such coverage, the contractor shall deliver the State certificates of insurance <br /> evidencing renewals thereof. At any time during the term of this contract, the State may <br /> request in writing, and the contractor shall thereupon within 10 days supply to the State, <br /> evidence satisfactory to the State of compliance with the provisions of this section. <br /> G. Subrogation Waiver: All insurance policies secured or maintained by Contractor or its <br /> Subcontractors in relation to this Contract shall include clauses stating that each carrier shall <br /> waive all rights of recovery under subrogation or otherwise against Contractor or the State, <br /> its agencies, institutions, organizations, officers, agents, employees, and volunteers. <br /> Bidders are advised to consult with their insurance carrier concerning these requirements. Submit a <br /> bid only if you are prepared to complete these requirements. <br /> CONDITIONS AFFECTING THE WORK <br /> In addition to examining the drawings and specifications, completion schedule, and other <br /> instructions, bidders shall visit the site and take such other steps as may be reasonably necessary <br /> to ascertain the nature and location of the work, including average climatic conditions and the general <br /> and local conditions which can affect the work or the cost thereof. Failure to do so will not relieve <br /> bidders from responsibility for estimating properly the difficulty or cost of successfully performing the <br /> work. <br /> PROJECT FUNDING <br /> This project is funded 100% through monies made available to the State of Colorado through <br /> revocation of bond monies retained by the Division of Reclamation, Mining and Safety for reclamation <br /> of this previously permitted mining operation. <br /> This project is funded by Severance Tax collected by the State of Colorado. <br /> Page 6 of 16 <br />