Laserfiche WebLink
4/02/90 <br /> Evidence of Bodily Injury and Property Damage coverage may be submitted on <br /> State Form SC-6.222, Part B. <br /> If a three-way "Agreement for Reclamation Activities" is required, the <br /> CONTRACTOR shall enter into a three-way agreement between the CONTRACTOR, the <br /> State of Colorado and the private landowner (a sample is included in <br /> Appendix 1 ), and maintain for the duration of the work, in addition to that <br /> specified above, additional insurance coverages of: <br /> A. Employer's Liability Insurance with limits of $500,000 each occurrence. <br /> B. Comprehensive General Liability Insurance, combined single limit of <br /> l i ab i l i ty of $1 ,000,000. <br /> C. Automobile Insurance with a combined single limit of liability of <br /> $1 ,000,000. <br /> and furnish evidence of the insurance coverages as prescribed by the said <br /> three-way agreement. <br /> If a three-way "Agreement for Reclamation Activities" is required, the <br /> CONTRACTOR will be required to furnish lien waivers to the private landowner. <br /> See No. 5 of the sample three-way "Agreement for Reclamation." The <br /> landowner's address will be furnished to the CONTRACTOR with the Notice to <br /> Proceed. <br /> The STATE OF COLORADO must be named as an "Additional Insured" on the <br /> certificate of insurance. BIDDERS ARE ADVISED TO CONSULT WITH THEIR INSURANCE <br /> CARRIER CONCERNING THESE REQUIREMENTS. SUBMIT A BID ONLY IF YOU ARE PREPARED <br /> TO COMPLETE THESE REQUIREMENTS. <br /> 6. PURCHASE ORDER CONTRACT AND BONDS <br /> The bidder whose bid is accepted will , within ten (10) calendar days after <br /> receipt of the notice of award, furnish labor and material payment and <br /> performance bonds in the amounts of 100 percent and 100 percent, respectively, <br /> of the original amount of the contract, pursuant to State Law, Title 24-105, <br /> 202-203, C.R.S. as amended. The bonds shall be submitted using the State <br /> forms. A certified or cashiers check or bank money order may be accepted in <br /> lieu of the bonds. If a surety other than a bond is used, the State will hold <br /> fifty percent (50%) of the surety until the final settlement date and fifty <br /> percent (50%) for six (6) months after the final settlement date. <br /> When the insurance certificates and bonds are submitted to the Mined Land <br /> Reclamation Division and found to be in order, the CONTRACTOR shall enter into <br /> a written Purchase Order contract with the OWNER. <br /> MLRD-4 <br />