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S <br /> Colorado as to the form or substance, or if a company issuing any such policy shall be or <br /> at any time become unsatisfactory to the Stat of Colorado, the Contractor shall promptly <br /> obtain a new policy, submit the same to the Principle Representative for approval and <br /> thereafter submit a Certificate of insurance as specified above. <br /> Upon failure of the Contractor to furnish,deliver and maintain such insurance as provided <br /> above, the Contract at the sole discretion of the State of Colorado may be immediately <br /> declared suspended, discontinued or terminated. Failure of the Contractor in obtaining <br /> and/or maintaining any required insurance shall not relieve the contractor from any liability <br /> under the Contract, nor shall the insurance requirements be construed to conflict with the <br /> obligations of the Contractor concerning indemnification. <br /> F. Prior to cancellation of or material change in any requisite policy, a minimum of ten (10) <br /> days written notice shall be given to the Principle Representative. <br /> G. All requisite insurance shall be obtained from financially responsible insurance companies; <br /> licensed in the Stat of Colorado and acceptable to the State. <br /> 7. Receipt, review or acceptance by the State of all Insurance Policies, Certificates of <br /> Insurance and Bonds required under this Contract shall not be construed as a waiver or <br /> relieve the Contractor from hits obligations to meet the insurance and bond requirements <br /> of the Contract. <br /> Bidders are advised to consult with their insurance carrier concerning these requirements. Submit <br /> a bid only if you are prepared to complete these requirements. <br /> Article 4. THREE-WAY AGREEMENT <br /> If a three-way Agreement for Reclamation Activities is required,the Contractor shall enter into a three-way <br /> agreement between the Contractor,the State of Colorado and the private landowner(a sample is included <br /> in Appendix 1), and maintain for the.duration of the work, in addition to that specified above, additional <br /> insurance coverage of: <br /> a. Comprehensive General Liability Insurance, which includes operations & premises <br /> coverage, products/completed operation coverage, all on an occurrence basis,.all with <br /> combined single limit of liability of$1,000,000; <br /> b. Statutory Worker's Compensation and Occupational Disease Disability Insurance; <br /> C. Employers' Liability Insurance with limits of$500,000 each occurrence; and <br /> d. Automobile Insurance with a combined single limit of liability of$1,000,000. <br /> and furnish evidence of the insurance coverage as prescribed the three-way agreement. <br /> If a three-way Agreement for Reclamation Activities is required,the Contractor will be required to furnish lien <br /> waivers to the private landowner. See Number 5 of the sample three-way Agreement for Reclamation <br /> Activities. The landowner's address will be furnished to the Contractor with the Notice to Proceed. <br /> Article S. PROJECT SCHEDULE <br /> The successful bidder shall, prior to the execution of an Agreement,furnish a plan for construction of the <br /> work showing (1)the date(s) he expects to move various pieces of equipment onto the work site, and (2) <br /> the dates and period(s) he proposes to perform each phase of the project work. <br /> Colorado Division of Minerals&Geology GENERAL BID SPECIFICATIONS <br /> 1996 Page 3 <br /> II <br />