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April 2, 1992 <br />If a three-way "Agreement for Reclamation Activities" is <br />required, the CONTRACTOR shall enter into a three-way agreement <br />between the CONTRACTOR, the State of Colorado and the private <br />landowner (a sample is included in Appendix 1), and maintain for <br />the duration of the work, in addition to that specified above, <br />additional insurance coverages of: <br />a. Comprehensive General Liability Insurance, which <br />includes operations & premises coverage, <br />products/completed operation coverage, all on an <br />occurrence basis, all with combined single limit of <br />liability of $1,000,000.00; <br />b. Statutory Worker's Compensation and occupational <br />Disease Disability Insurance; <br />c. Employers' Liability Insurance with limits of <br />$500,000.00 each occurrence; and <br />d. Automobile Insurance with a combined single limit of <br />liability of $1,000,000.00, <br />and furnish evidence of the insurance coverages as prescribed the <br />three-way agreement. <br />If a three-way "Agreement for Reclamation Activities" is <br />required, the CONTRACTOR will be required to furnish lien waivers <br />to the private landowner. See Number 5 of the sample three-way <br />"Agreement for Reclamation." The landowner's address will be <br />furnished to the CONTRACTOR with the Notice to Proceed. <br />The STATE OF COLORADO must be named as an "Additional Insured" on <br />the certificate of insurance. BIDDERS ARE ADVISED TO CONSULT <br />WITH THEIR INSURANCE CARRIER CONCERNING THESE REQUIREMENTS. <br />SUBMIT A BID ONLY IF YOU ARE PREPARED TO COMPLETE THESE <br />REQUIREMENTS. <br />6. PURCHASE ORDER CONTRACT AND BONDS <br />The bidder whose bid is accepted will, within ten (10) calendar <br />days after receipt of the notice of award, furnish labor and <br />material payment and performance bonds in the amounts of 100 <br />percent and 100 percent, respectively, of the original amount of <br />the contract, pursuant to State Law, Title 24-105, 202-203, <br />C.R.S. as amended. The bonds shall be submitted using the State <br />forms. A certified or cashiers check or bank money order may be <br />accepted in lieu of the bonds. If a surety other than a bond is <br />used, the State will hold fifty percent (50~) of the surety until <br />the final settlement date and fifty percent (50$) for six (6) <br />months after the final settlement date. <br />MLRD-5 <br />