Faber Construction Corporation 4/23/2025

CITY OF EVERETT SPECIAL PROVISIONS LS47-Beverly Lake Sewer Replacement Division 1 – GENERAL REQUIREMENTS January 30, 2025 WO No – UP3529 SP – 50 with a request to furnish a Contract Bond and evidence of insurance and to execute the Contract set forth in the Contract Documents. No Contract is formed until the Contract Execution Date. 1-03.3 Execution of Contract Revise 1-03.3 to read as follows: Within 3 calendar days after receiving the Notice of Award (not including Saturdays, Sundays and Holidays), the successful Bidder shall provide to the City the information necessary to execute the Contract electronically. This information shall include contact information, including the full name, title, email address, and phone number for the authorized signer of the Bidder. Successful Bidder has 14 calendar days after receiving the Notice of Award to complete the following: • Execute the Contract upon receipt from the City’s AdobeSign System. • Submit to the City two original paper payment bonds and two original paper performance bonds submitted on forms contained in Contract Documents and fully executed, with proper power of attorney document(s). • Submit to the City in pdf format certificate of Insurance and additional insured endorsements in accordance with the Contract Documents. Until the City executes the Contract, no Bid shall bind the City nor shall any Work begin within the project limits or within City-furnished sites. The Bidder shall bear all risks for any Work begun outside such areas and for any materials ordered before the Contract is executed by the City. If the Bidder experiences circumstances beyond its control that prevents return of the Contract, bonds, and insurance documents within 14-calendar days after receipt of the Notice of Award, the City may grant more time, provided the City deems the circumstances warrant it. A Contract shall not be formed until the Contract is signed by the Mayor. 1-03.4 Contract Bond Revise 1-03.4 to read as follows: The Contractor shall provide a separate payment bond and performance bond, each in the amount of 100 percent of the Contract Sum and each in the form contained in the Contract Documents. These bonds shall serve as security for the faithful performance of the Work and as security for the faithful payment and satisfaction of the persons furnishing materials and performing labor on the Work. The bonds shall be issued by a corporation duly and legally licensed to transact surety business in the State of Washington. Such bonds shall remain in force throughout the period required to complete the Work, and thereafter for a period of 365 calendar days after Final Acceptance. The bonds must be executed by a duly licensed surety company, which is listed in the latest Circular 570 of the United States Treasury Department, as being acceptable as surety on federal bonds. No surety's liability on the bond shall exceed the underwriting limitations for the respective surety specified in Circular 570. The bonds must be signed by an officer of the Contractor empowered to sign binding instruments. The bonds must be accompanied by a fully executed and original power of attorney for the officer executing on behalf of the surety. The scope of the bonds or the form thereof prescribed in these Contract Documents shall in no way affect or alter the liabilities of the Contractor to the City as set forth in the Contract Documents. 1-03.5 Failure to Execute Contract Supplement 1-03.5 by adding the following: