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I <br /> Until the Contracting Agency executes a contract, no proposal shall bind the Contracting 1 <br /> Agency nor shall any work begin within the project limits or within Contracting Agency- <br /> furnished sites. The Contractor shall bear all risks for any work begun outside such <br /> areas and for any materials ordered before the contract is executed by the Contracting <br /> Agency. <br /> If the bidder experiences circumstances beyond their control that prevents return of the I <br /> contract documents within the calendar days after the award date stated above, the <br /> Contracting Agency may grant up to a maximum of 20 additional calendar days <br /> for return of the documents, provided the Contracting Agency deems the circumstances <br /> warrant it. <br /> 1-03,4.RTF I <br /> 1-03.4 Contract Bond <br /> (July 23, 2015 APWA GSP) I <br /> Delete the first paragraph and replace it with the following: <br /> The successful bidder shall provide executed payment and performance bond(s) for the I <br /> full contract amount. The bond may be a combined payment and performance bond; or <br /> be separate payment and performance bonds. In the case of separate payment and <br /> performance bonds, each shall be for the full contract amount. The bond(s) shall: <br /> 1. Be on Contracting Agency-furnished form(s); <br /> 2. Be signed by an approved surety (or sureties) that: <br /> a. Is registered with the Washington State Insurance Commissioner, and <br /> b. Appears on the current Authorized Insurance List in the State of Washington <br /> published by the Office of the Insurance Commissioner, <br /> 3. Guarantee that the Contractor will perform and comply with all obligations, duties, <br /> and conditions under the Contract, including but not limited to the duty and obligation <br /> to indemnify, defend, and protect the Contracting Agency against all losses and <br /> claims related directly or indirectly from any failure: <br /> a. Of the Contractor (or any of the employees, subcontractors, or lower tier <br /> subcontractors of the Contractor) to faithfully perform and comply with all contract <br /> obligations, conditions, and duties, or <br /> b. Of the Contractor (or the subcontractors or lower tier subcontractors of the <br /> Contractor) to pay all laborers, mechanics, subcontractors, lower tier <br /> subcontractors, material person, or any other person who provides supplies or <br /> provisions for carrying out the work; <br /> 4. Be conditioned upon the payment of taxes, increases, and penalties incurred on the <br /> project under titles 50, 51, and 82 RCW; and <br /> 5. Be accompanied by a power of attorney for the Surety's officer empowered to sign <br /> the bond; and <br /> 6. Be signed by an officer of the Contractor empowered to sign official statements (sole <br /> proprietor or partner). If the Contractor is a corporation, the bond(s) must be signed <br /> by the president or vice president, unless accompanied by written proof of the <br /> authority of the individual signing the bond(s) to bind the corporation (i.e., corporate <br /> resolution, power of attorney, or a letter to such effect signed by the president or vice <br /> president). <br /> CITYWIDE INTERSECTION SIGNING <br /> FED AID#HSIP-000S(439);COE#3628 14 November 16, 2016 <br />