Agenda - Council - 12/10/2013 - Laserfiche WebLink

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.5 Every Bond under this Paragraph 11.4.1 must display the Surety's Bond Number. A rider including the following provisions shall be attached to each Bond: (1) Surety hereby agrees that it consents to and waives notice of any addition, alteration, omission, change, or other modification of the Contractor Documents which, singularly or in the Aggregate, does not exceed twenty-five percent (25%) of the Contract Sum. Except as to increases in the Contractor Sum in excess of the percentage set forth above in this Clause 11.4.1.5(1), any other addition, alteration, change, extension of time, or other modification of the Contractor Documents, or a forbearance on the part of either the Owner or the Contractor to the other, shall not release the Surety of its obligations hereunder and notice to the Surety of such matters is hereby waived. (2) Surety further agrees that in event of any default by the Owner in the performance of the Owner's obligations to the Contractor under the Contract, the Contractor or Surety shall cause written notice of such default (specifying said default in detail) to be given to the Owner, and the Owner shall have thirty (30) days from time after receipt of such notice within which to cure such default, or such additional reasonable period of time as may be required if the nature of such default is such that it cannot be cured within thirty (30) days. Such Notice of Default shall be sent by certified or registered U.S. Mail, return receipt required, first class postage prepaid, to Lender and the Owner. (3) Surety agrees that it is obligated under the bonds to any successor, grantee or assignee of the Owner. Add the following Paragraphs to Paragraph 11.4: 11.4.3 The Contractor shall keep the surety informed of the progress of the Work, and, where necessary, obtain the surety's consent to, or waiver of: (1) notice of changes in the Work; (2) request for reduction or release of retention; (3) request for final payment; and (4) any other materials required by the surety. The Owner shall be notified by the Contractor, in writing, of all communications with the surety. The Owner may, in the Owner's sole discretion, inform surety of the progress of the Work and obtain consents as necessary to protect the Owner's rights, interest, privileges and benefits under and pursuant to any bond issued in connection with the Work. The following is a supplement to the General Conditions and Standard Form of Agreement between Owner and Contractor (AIA Document A101) dated 2007. Worker's Compensation - Requirement of M.S.A. § 176.182 Contractor represents and warrants that it has, and will maintain during the performance of this agreement, workers' compensation insurance coverage required pursuant to M.S. § 176.181, subd. 2, and that the certificate of insurance or the written order of the Commissioner of Commerce permitting self insurance of worker's compensation insurance coverage provided to City prior to execution of this agreement is current and in force and effect. Note: This provision is required pursuant to M.S.A. § 176.182 which prohibits a municipality from entering into any contract for the doing of any public work before receiving from all other contracting parties acceptable evidence of compliance with the Worker's Compensation Insurance Coverage requirement of § 176.181, subd. 2. SUPPLEMENTARY CONDITIONS 00800-9