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UVI.UJIIļæ½II CIIVCIVFIC IU.:Jl D/Lr0/1-0Lr -4D01-/1DOJ-4 I IYOJDODC4V <br /> PO#:461002243 <br /> Routing#: 24-HA4-ZG-00107 <br /> employee of the State, or any member of his or her immediate family or his or her partner, <br /> related to the award of, entry into or management or oversight of this Contract. <br /> B. Apparent Conflicts of Interest <br /> Contractor acknowledges that,with respect to this Contract, even the appearance of a conflict <br /> of interest shall be harmful to the State's interests. Absent the State's prior written approval, <br /> Contractor shall refrain from any practices, activities or relationships that reasonably appear <br /> to be in conflict with the full performance of Contractor's obligations under this Contract. <br /> C. Disclosure to the State <br /> If a conflict or the appearance of a conflict arises, or if Contractor is uncertain whether a <br /> conflict or the appearance of a conflict has arisen, Contractor shall submit to the State a <br /> disclosure statement setting forth the relevant details for the State's consideration. Failure to <br /> promptly submit a disclosure statement or to follow the State's direction in regard to the <br /> actual or apparent conflict constitutes a Breach of Contract. <br /> D. Contractor acknowledges that all State employees are subject to the ethical principles <br /> described in §24-18-105, C.R.S. Contractor further acknowledges that State employees may <br /> be subject to the requirements of§24-18-105, C.R.S. with regard to this Contract. <br /> 12. INSURANCE <br /> A. Contractor shall obtain and maintain, and ensure that each Subcontractor shall obtain and <br /> maintain, insurance as specified in this section and the Standard Specifications 107.15 at all <br /> times during the term of this Contract. All insurance policies required by this Contract shall <br /> be issued by insurance companies with an AM Best rating of A-VIII or better. <br /> The Contractor shall obtain, and maintain at all times during the term of this Contract, <br /> insurance in the following kinds and amounts: <br /> i. Workers' Compensation Insurance as required by state statute, and Employer's <br /> Liability Insurance covering all of Contractor's employees acting within the course <br /> and scope of their employment. <br /> ii. Commercial General Liability Insurance written on ISO occurrence form CG 00 01 <br /> 10/93 or equivalent, covering premises operations, fire damage, independent <br /> Contractors, products and completed operations, blanket contractual liability, personal <br /> injury, and advertising liability with minimum limits as follows: <br /> a. $1,000,000 each occurrence; <br /> b. $2,000,000 general aggregate; <br /> c. $2,000,000 products and completed operations aggregate; and <br /> d. $50,000 any one fire. <br /> e. Completed Operations coverage shall be provided for a minimum period of <br /> one year following final acceptance of work. <br /> If any aggregate limit is reduced below $1,000,000 because of claims made or <br /> paid, the Contractor shall immediately obtain additional insurance to restore the <br /> full aggregate limit and furnish to CDOT a certificate or other document <br /> satisfactory to CDOT showing compliance with this provision. <br /> Page 12 of 63 <br />