Leopardo Companies Inc.
Acme Hospital
Leopardo Companies Inc.
Acme Hospital
condition precedent to payment, Subcontractor shall deliver a bond rider issued by the original qualified surety evidencing that the appropriate increase in penal sums has been accomplished. See Project Manual Section 01290 – Payment Procedures.
SECTION 00610 BONDS
PART 1 - GENERAL
G. A Copy of the AIA 311 Performance and Payment Bond 1970 Edition document is included following this section.
1.01
RELATED DOCUMENTS
A. Attention is directed to Bidding and Contract Requirements, and to Division 1, General Requirements, which are hereby made a part of this Section.
END OF SECTION 00610
B. Specific attention is directed to the requirements described in Section 00200 Instructions to Bidders regarding preparing a Bid Security to be delivered at time of bid.
PART 2 - BOND REQUIREMENTS
2.01 PERFORMANCE BONDS AND PAYMENT BONDS [NOTE: IF LCI HOLDS THE TRADE CONTRACTS, IT IS NOT ALWAYS NECESSARY TO NAME THE OWNER AS A DUAL OBLIGEE ON THE SUBCONTRACTOR BONDS – CHECK THE PRIME CONTRACT TO SEE IF THIS IS REQUIRED. ALSO NOTE: IF THIS IS A PUBLIC PROJECT, MAKE SURE THIS SECTION COMPLIES WITH THE MINIMUM REQUIREMENTS UNDER THE APPLICABLE BIDDING LAW OR ORDINANCE] A. Leopardo Companies Inc. (will/may), require Subcontractor to furnish a Performance Bond and a Payment Bond, in amounts equal to the Agreement price, by a qualified surety [naming both the Owner and Leopardo Companies Inc. as Obligees]. All sureties providing bonds on this Project must be listed in the Department of Treasury’s Circular 570, entitled “Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies” with the bond amounts less than or equal to the underwriting limitation indicated in the Circular, and/or must have an A.M. Best rating of A - or better. Bonds shall be duly executed by the Subcontractor, as principal, and by a surety that is licensed in the state in which the Work is to be performed . B. The Subcontractor shall deliver the required bonds to Leopardo Companies Inc. prior to execution of the Agreement. If the Work is to be commenced prior thereto in response to a letter of intent, the Bidder, at a minimum, shall submit evidence to the satisfaction of Leopardo Companies Inc. that such bonds will be furnished prior to commencement of on site Work. In no event may the Subcontractor commence on-site Work without the required bonds properly issued and delivered. C. [VERIFY WITH OWNER] Performance Bond and Payment Bond form AIA Document A311 (1970 Edition) must be used for this Project. [Add if A311 is used as a Subcontractor Bond: “When A311 is used as a Subcontractor Bond, Leopardo Companies Inc. shall be deemed “Owner” and Subcontractor shall be deemed “Contractor”]. D. The Bidder’s proposed surety must be acceptable to the Owner and Leopardo Companies Inc.. If, at any time, after acceptance of the Subcontractor’s bonds, the surety fails to meet the criteria stated in Paragraph 2.01A. above, the Subcontractor must, as a precondition to continuing Work and receiving further payments, replace the bonds with bonds from a surety that meets the stated criteria.
E. The Performance and Payment Bond penal sums (i.e., the Agreement price) must be listed as a separate line item in the schedule of values described in Section 01290 Payment Procedures in the Project Manual.
F. In the event of a Change Order to the Agreement that increases the Agreement price, the penal sum of any required Performance and Payment Bonds shall also be increased so that each penal sum equals the adjusted Agreement price, or such other percentage of the Agreement price listed in the Project Manual - Section 00200 –Instructions to Bidders. Leopardo Companies Inc. or Owner shall have the right to request submission of bond riders, issued by the original qualified surety, evidencing that such increase to the penal sum of the bonds has been accomplished. Notwithstanding the foregoing, in the next pay application after the Agreement price has been increased by twenty-five percent (25%) or more, as a
PROJECT MANUAL – REV DATE: 1/04
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ISSUE DATE: January 1, 2006
PROJECT MANUAL – REV DATE: 1/04
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ISSUE DATE: January 1, 2006
SECTION 00610 – Bonds
SECTION 00610 – Bonds
Leopardo Companies Inc.
Acme Hospital
Leopardo Companies Inc.
Acme Hospital
SECTION 00620 INSURANCE
SECTION 00630 CONTROLLED INSURANCE PROGRAM (CIP)
PART 1 - GENERAL
[THIS SECTION IS NORMALLY NOT REQUIRED UNLESS THE OWNER OR LEOPARDO COMPANIES INC. PROVIDES A CONTROLLED INSURANCE PROGRAM (CIP) FOR THE PROJECT. THIS WOULD REQUIRE THE BIDDERS TO USE THIS INFORMATION AS A PART OF THE CONTRACT CONDITIONS AND USERS ARE ENCOURAGED TO SEEK LEGAL ADVICE REGARDING PROJECT MANUAL SET UP/TERMINOLOGY WHEN A CCIP OR OCIP IS USED]
1.01
RELATED DOCUMENTS
A. Attention is directed to Bidding and Contract Requirements, and to Division 1, General Requirements, which are hereby made a part of this Section.
PART 1 - GENERAL
B. A sample of the Certificate of Insurance (ACORD) form is in Section 00500 behind the Subcontract Master Agreement form.
1.01
RELATED DOCUMENTS
1.02
STANDARD INSURANCE REQUIREMENTS
A. Attention is directed to Bidding and Contract Requirements, and to Division 1, General Requirements, which are hereby made a part of this Section.
[IF USING LEOPARDO COMPANIES INC. MASTER SUBCNTRACTOR AGREEMENT FOR THIS PROJECT, INSERT THE FOLLOWING:]
1.02 CONTROLLED INSURANCE PROGRAM (CIP) REQUIREMENTS
1. Leopardo Companies Inc. Subcontract Master Agreement Insurance Requirements shall govern this Project. A copy of the Subcontract Master Agreement is included in Section 00500 of the Project Manual along with all the associated terms and conditions of the insurance requirements including the Subcontractor Insurance Requirement Acknowledgement. [INSERT A COPY OF THE DICUMENTS BEHIND THIS SECTION] [IF OWNER HOLDS THE TRADE CONTRACTS AND LEOPARDO COMPANIES INC. IS AN AGENT OF THE OWNER, INSERT THE FOLLOWING AND ATTACH THE “CONTRACTOR INSURANCE REQUIREMENTS FOR AGENCY WORK”]
A. [INSERT
SPECIFIC
CONTROLLED
INSURANCE
PROGRAM
LANGUAGE
AND
REQUIREMENTS]
END OF SECTION 00630
1. Leopardo Companies Inc. Contractor Insurance Requirements for Agency Work, shall govern this Project. A copy of these Insurance Requirements is attached in this Section, immediately following this page.
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PROJECT MANUAL – REV DATE: 1/04
00620-1
ISSUE DATE: January 1, 2006
PROJECT MANUAL – REV DATE: 1/04
00630-1
ISSUE DATE: January 1, 2006
SECTION 00620 – Insurance
SECTION 00630 - Controlled Insurance Program (CIP)
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