26.
27.
C-1.21
liens, guaranteeing payment of all such disputed amounts, including all related costs and
interest in connection with said disputed indebtedness or liens which the Owner may be
compelled to pay upon adjudication.
25.6 If upon substantial completion, full completion is delayed through no fault of the
Contractor, and the Engineer so certifies, the Owner may, upon certificate of the
Engineer, and without termination of the contract, make payment of the balance due for
that portion of the work fully completed and accepted. Such payment shall be made
under the terms and conditions governing final payment, except that it shall not constitute
a waiver of claims.
25.7 The acceptance by the Contractor of final payment shall release the Owner from
all claims and all liability to the Contractor for all things relating to this work and for
every act and neglect of the Owner and others relating to or arising out of this work. No
payment, however, final or otherwise, shall operate to release the Contractor or his
sureties from any obligations of the performance and payment bond under this contract.
Payments by Contractor. The Contractor shall pay the costs:
26.1 For all transportation and utility services not later than the 20th day of the
calendar month following that in which services are rendered;
26.2 For all materials, tools, and other expendable equipment to the extent of 90
percent of the cost thereof, not later than the 20th day of the calendar month following
that in which such materials, tools and equipment are delivered at the site of the work and
the balance of the cost thereof not later than the 30th day following the completion of that
part of the work in or on which such materials, tools and equipment are incorporated or
used; and
26.3 To each of his Subcontractors, not later than the 5th day following each payment
to the Contractor, the respective amounts allowed the Contractor on account of the work
performed by his Subcontractors to the extent of each Subcontractor's interest therein.
Insurance. The Contractor and any Subcontractor shall obtain all the insurance required
under this article and such insurance shall be approved by the Owner.
27.1 The Contractor and all Subcontractors shall procure and shall maintain during the
life of this contract workmen's compensation insurance as required by applicable state
law. The Contractor shall provide and shall cause each Subcontractor to provide
adequate employer's liability insurance.
Limits of Liability: | $100,000 each accident;
$500,000 disease - policy limit;
$100,000 disease - each employee.
27.2 The Contractor shall procure and shall maintain during the life of this contract
Commercial General liability insurance to include contractual liability, explosion,
collapse and underground coverages.
Limits of liability: $1,000,000 each occurrence bodily injury and property
damage;
$2,000,000 general aggregate - include per project
aggregate endorsement;
$2,000,000 products/completed operations aggregate.
