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thereof. Upon the City Engineer's review and approval, including <br />adjustments if any, City shall make a progress payment to the Contractor. <br /> <br />B. 5% Retention. Five percent (5%) of the amount due shall be retained by <br />the City as retention. The City shall retain five percent (5%) of the <br />contract amount for thirty-five (35) days after the Notice of Completion <br />for the work is recorded. The Contractor may elect to receive 100 percent <br />of payments due under the contract documents from time to time, without <br />retention from any portion of the payment by the City, by depositing <br />securities of equivalent value with the City in accordance with the <br />provisions of Section 22300 of the California Public Contract Code. Such <br />securities, if deposited by the Contractor, shall be valued by the City, <br />whose decision on valuation of the securities shall be final. Securities <br />eligible for investment under this provision shall be limited to those listed <br />in Section 16430 of the California Government Code. <br /> <br />4. Incorporation of Contract Documents. This Contract expressly incorporates all <br />terms and conditions contained in the Contract Documents. In the event there is <br />any conflict between this Contract and the Contract Documents, this Contract <br />shall control. <br /> <br />5. Indemnification. Contractor shall indemnify, save and hold harmless from and <br />defend the City, members of the City Council and their agents, servants and <br />employees, against any and all claims, costs, demands, causes of action, suits, <br />losses, expense or other detriment or liability arising from or out of acts or <br />omissions of Contractor, its agents, sub-contractors, officials or employees, in <br />connection with the execution of the work covered by this Contract or any <br />amendments thereto. <br /> <br />6. Certification re: Workers' Compensation. In accordance with Section 1861 of the <br />California Labor Code, each contractor to whom a public works contract is <br />awarded shall sign and file with the awarding body the following certification <br />prior to performing the work of the contract: "I am aware of the provisions of <br />Section 3700 of the Labor Code which require every employer to be insured <br />against liability for workers' compensation or to undertake self-insurance in <br />accordance with the provisions of that code, and I will comply with such <br />provisions before commencing the performance of the work of this contract." <br /> <br />7. Department of Industrial Relations: Pursuant to Labor Code section 1771.1, the <br />Bidder and its Subcontractors must be registered and qualified to perform public <br />work pursuant to section 1725.5 of the Labor Code, subject to limited legal <br />exceptions. <br /> <br />8. Independent Contractor. The Contractor is an independent contractor retained by <br />the City to perform the work described herein. All personnel employed by the <br />Docusign Envelope ID: 32A7B322-709A-806E-8189-E80A4CA20C27Docusign Envelope ID: 379E6F4E-E7EA-8FA3-8200-F2CFCEE4481A