1995-03-17_GENERAL DOCUMENTS - C1981048 ‎(3)‎

• Permit No: C1981048
• IBM Index Class Name: GENERAL DOCUMENTS
• Doc Date: 3/17/1995
• Doc Name: PKA-9-440
• Permit Index Doc Type: Reclamation Projects
• Media Type: D
• Archive: No

March 1, 1995
AGREEMENT - The word Agreement means the written Agreement entered into by the State of
Colorado acting by and through the Principal Representative and the Contractor for the performance
of the work and payment for the work.
WORK - The word Work means material and/or labor.
SUBCONTRACTOR - A Subcontractor is a sole proprietorship, partnership or corporation which has a
contract with the Contractor for the performance of labor at the site of the work regardless of whether
supplying of material is part of such contrapt, but without contractual relationship to the Principle
Representative.
DRAWINGS - The word Drawings shall mean all drawings in the Special Conditions.
COLORADO LABOR - The term Colorado Labor shall be defined as provided in Title 8-17-101, et seq.
CRS 1973, as amended.
Article 2. PERFORMANCE AND PAYMENT BONDS
The Contractor shall furnish a labor and material payment bond for 100 percent of the original contract
price and a performance bond for 100 percent of the original amount of the contract. The bonds are
required by State Law, Title 24-105, 202-203, C.R.S. as amended. The bonds shall be submitted
using the State forms. A certified or cashiers check or bank money order may be accepted in lieu of
the bonds. If a surety other than a bond is used, the State will hold fifty percent (50%) of the surety
until the final settlement date and fifty percent (50%) for six (6) months after the final settlement date.
Article 3. INSURANCE
The Contractor is required to procure and maintain the insurance coverage listed below. Proof of
insurance must be submitted on certificates showing the following minimum coverage:
1. Standard Worker's Compensation and Employer Liability, as required by State Statute
including occupational disease, covering all employees at the work site.
2. General Liability (Public Liability & Property Damage) (Minimum):
a. Combined single limit of $600,000 written on an occurrence basis;
b. Any aggregate will not be less than $1 million;
C. The contractor must purchase additional insurance if claims reduce the annual
aggregate below $600,000;
d. The State of Colorado must be named as additional insured on each
comprehensive general liability policy;
e. Certificates of insurance must be provided to the State within 10 working days
after receipt of Award; and,
f. Insurance shall include provisions providing notification to the State 10 days
prior to cancellation of the coverage.
3. Automobile Liability (Minimum). The contractor must carry a minimum of $600,000
combined single limit.
The State of Colorado MUST be named as an Additional Insured on the certificate of insurance. An
Additional Insured Endorsement amending such policy or policies must be presented to the DMG prior
to issuance of the Notice to Proceed. Bidders are advised to consult with their insurance carrier
concerning these requirements. Submit a bid only if you are prepared to complete these requirements.
DMG-2