05-28-1985 Council Packet - Laserfiche WebLink

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6.1.7 Roi ter Insu_rancP: If a permanent boiler is to he installed as part of the project, the Owner -will be responsible for maintaining all boiler and machinery coverage. This coverage will be pared in effect when the equipment is ready for inspection and operation. This coverage shall include the i.n- terests of the Owner, the: Contractor, Subcontractors an,1 Sub -subcontractors. 6.2 PERFORMANCE. AND CYPHER BONDS .. . 6.2.1 "ontractor Shall furnish Performance and vayment Bonds, each in an amount at least equal to the Contract Price .-.s security for the faithful per- formance and payment of all Contractor's obligations under the. Contract Docu- ments . These Rontis sha I 1 remai a in of f,-ct at least tint i 1 one year of ter the date of final pa�,mtn, , except As otherwise provided by law. Contractor shall also furnish such otlie Bonds as are required by the Contract Documents. All Bonds shall he it th,- forms prescribed by the Contract Documents and be exe- cuted by ouch Sureties as (Al are licensed to conduct business in the state where the Project is located, and (B) are named in the current list of "Companies Holding Certificates of Authority as Acceptable Sureties on Federal Roads and as Acceptable Reinsuring Compnnies" as published in Circular 570 (amended) by the Audit Staff Bureau of Arcounts, U.S. Treasury Department. All Bonds signed by an agent mast be accompanied by a certified c,)py of the authority to act. 6.2.2 If the Surety on any Bond furnished by Contractor is declared bankrupt or becomes insol, of or its right to Jo business is termirated in any state where any part o. the Project is located or it ceases to meet the requirements of clauses fA) and (Bl of Paragraph 6.2.1, Contractor shall within five days thereafter substitutes. another Bond and Surety, both of which shAll he accept- able to Owner. 6.3 PATENTS, FEES AND ROYAi,TIES Contractor shall pay all license fees and royalties and assume al! cnst'a incident to the use in the performance of the Work of :,ny invention, design, process, product or device which is the subject of patent rights or copyrights held by others. If a parriculAr invention, design, pt,.ess, product or device is speci:ied in the Contract. Documents for ust, in the-,erformance of the Work and it to the actual knowledge of r'wner or Fnginter is use is subject to patent rights or copyrights calling for the payment of any license fee or royalty to others, the Nxistence of such rights shall be disclosed by (honer in the Contract Documents. Contractor shall indemnify and hold harmless Owner and Fngineer and anyone directly or indirectly employeA by either of them from and against all claims, damages, lt)ssesa and expenties (including attorneys" feesl arising out of any infringement of patent rights it copyrights incident to the use in the performance of the Work or resulting from the incorporation in the Wnrk of any invention, .iesipn. process, product tr device not specified in the Contract Documents, and shall defend all such ,-iitms in ronne..�ion with any Alleged infringemi-it of such rights. 1 /8S - llSnieh Copyright 1Q85 Ronatatroo, Rosene, AnderliM 6 Associates, Inc