CORE & MAIN LP (#2027020) - Laserfiche WebLink

7 h.Subcontractors. All subcontractors shall provide certificates of insurance to City for its approval prior to commencement of work. Contractor shall be responsible for the acts and omissions of its subcontractors in accordance with Section 12 (“Indemnification”). 16.Bonds Required. Concurrently with the execution of this Agreement, Contractor shall furnish the CITY with the following security in a form satisfactory to the City Attorney: a.Faithful Performance. Either a cash deposit, a corporate surety bond issued by a company duly and legally licensed to conduct a general surety business in the State of California, or an instrument of credit in the amount of $9,535,236.31 to assure CITY that the Work will be satisfactorily completed (the “Faithful Performance Bond”). The City shall release the Faithful Performance Bond no later than forty-five (45) days after the recordation of the Notice of Completion (California Civil Code §8182) for the Improvements or ninety (90) days if no Notice of Completion is recorded. b.Labor and Materials. Either a cash deposit, a corporate surety bond issued by a company duly and legally licensed to conduct a general surety business in the State of California, or an instrument of credit in the amount of $9,535,236.31 to assure City that Contractor’s subcontractors, and other persons furnishing labor, materials or equipment shall be paid therefor (the “Labor and Materials Bond”).The City shall release the Labor and Materials Bond no later than forty-five (45) days after the recordation of the Notice of Completion for the Improvements or ninety (90) days if no Notice of Completion is recorded. c.Form. Bonds shall be in a form as set forth in Attachment _____. 17.Independent Contractor. The Contractor is an independent contractor retained by the City to perform the work described herein. All personnel employed by the Contractor, including subcontractors, and personnel of said subcontractors, are not and shall not be employees of the City. 18.Contractor’s Warranty. Contractor shall provide the City with warranties for Water Meters and AMI components as specified in the Scope of Work and as set forth in Exhibit C Kamstrup North America Product Warranty, including any work that may be required of Contractor consistent with the warranties. Contractor further warrants that any failure on Kamstrup meters installed as the part of the Project in excess of 200 meters measured over 60 consecutive days would constitute Excessive Failures. If Excessive Failures occur, Contractor agrees to provide the City with timely and reasonable meter change-out services and related activities at its own expense, including labor, travel, materials, transportation, testing, repair, replacement, deinstallation, dismantling, and reinstallation. 19.Contractor shall require that the provider of the AMI system and the City execute an OPX AMI agreement in conjunction with the CPX agreement. Docusign Envelope ID: D15BA154-47D3-8EAA-8171-B89F63E73DD1