_GENERAL DOCUMENTS - C1981017 ‎(258)‎

• Permit No: C1981017
• IBM Index Class Name: GENERAL DOCUMENTS
• Doc Name: Bid Documents ‎(IMP)‎ Stabilization CBNP
• Permit Index Doc Type: General Correspondence
• Media Type: D
• Archive: No

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 at his own expense 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):
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;
3. Automobile liability(Minimum). The contractor must carry a minimum of$600,000 combined single limit.
The Certificates of Insurance and insurance policies required above shall be subject to the following stipulations:
1. 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 is also required.
2. The clause entitled"Other Insurance Provisions"contained in any policy including the State of Colorado
as an additional named insured shall not apply to the State of Colorado.
3. The insurance companies issuing the policy or policies shall have no recourse against the State of
Colorado for payment of any premiums due or for any assessments under nay form of any policy.
4. Any and all deductibles or self-insured retention contained in any insurance policy shall be assumed by
and at the sole risk of the Contractor.
5. If any of the Said policies shall be or at any time become unsatisfactory to the State of Colorado as to the
form or substance,or if a company issuing any such policy shall be or at any time become unsatisfactory
to the State of Colorado, the Contractor shall promptly obtain a new policy, submit the same to the
Principle Representative for approval and thereafter submit a Certificate of insurance as specified above.
Upon failure of the Contractor to furnish,deliver and maintain such insurance as provided above, the
Contract at the sole discretion of the State of Colorado may be immediately declared suspended,
discontinued or terminated. Failure of the Contractor in obtaining and/or maintaining any required
insurance shall not relieve the contractor from any liability under the Contract, nor shall the insurance
requirements be construed to conflict with the obligations of the Contractor concerning indemnification.
6. Prior to cancellation of or material change in any requisite policy, a minimum of ten (10)days written
notice shall be given to the Principle Representative.
7. All requisite insurance shall be obtained from financially responsible insurance companies,licensed in
the State of Colorado and acceptable to the State.
8. Receipt,review or acceptance by the State of all Insurance Policies,Certificates of Insurance and Bonds
required under this Contract shall not be construed as a waiver or relieve the Contractor from hits
obligations to meet the insurance and bond requirements of the Contract.
Bidders are advised to consult with their insurance carrier concerning these requirements. Submit a bid only if
you are prepared to complete these requirements.
Article 4. THREE-WAY AGREEMENT
If a three-way Agreement for Reclamation Activities is required, the Contractor shall enter into a three-way agreement
between the Contractor, the State of Colorado and the private landowner (a sample is included in Appendix 1), and
maintain for the duration of the work, in addition to that specified above,additional insurance coverage of:
Colorado Division of Minerals and Geology GENERAL BID SPECIFICATIONS
June 1, 2002 Page 2