Specs

Bridgestone Retail Operations, LLC
PROJECT MANUAL
Version: January 2012
1. The Contractor shall, prior to the start of the Work, furnish and deliver to the Owner a performance bond
and a payment bond (collectively the “Bonds”) each in an amount equivalent to one hundred percent (100%) of the
Contract Price as security for the faithful performance and completion of all the Contractor’s obligations under the
Contract Documents and covering the payment of all materials used in the performance of this Contract and for all
labor and services performed under this Contract, whether by the Contractor, Subcontractors or otherwise. The
Bonds shall, without limitation, cover the Contractor’s warranty and liquidated damages obligations under this
Contract. Each surety providing the Bonds must have a Best’s rating not less than A/X and be licensed in the state
where the job site is located and shall be named in the current list of “Companies Holding Certificates of Authority
as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies” as published in Circular 570
(amended) by the Audit Staff Bureau of Accounts, U.S. Treasury Department. All Bonds signed by an agent must
be accompanied by a certified copy of his or her authority to act. It shall be the duty of the Contractor to advise the
surety or sureties of any Change Orders that result in an increase to the Contract Price and to ensure that the amount
of the Bonds are updated to reflect and cover any such increases throughout the course of the Project.
2. If the surety behind any Bond furnished by the Contractor is declared bankrupt or becomes insolvent or its
right to do business is terminated in the State or it ceases to meet any of the requirements of Section 11(A)(1), the
Contractor shall, within five (5) days thereafter, substitute another Bond of equivalent value and surety, both of
which must be acceptable to the Owner. In addition, no further progress payments under the Contract will be made
by the Owner until the Contractor complies with the provisions of this Section 11(A)(2).
B. Insurance. Contractor shall provide certificates and, upon request of Owner, policies of insurance
evidencing the minimum insurance coverages and limits set forth below within ten (10) days following Owner’s
execution of this Contract and prior to the commencement of the Work. Such policies shall be in form, and from
companies, acceptable to Owner, with a current A.M. Best’s rating of not less than A-VII, unless otherwise
approved in writing by Owner and authorized to do business in the state where the Work is to be performed. Owner,
including Owner’s directors, officers, managers, members, and employees, shall be named as an additional insured
on such policies by endorsement to the policies listed in Items ii, iii and iv below. The additional insured
endorsement shall be at least as broad as the current edition of the Insurance Services Offices (ISO) form CG 2010.
The insurance coverages and limits set forth below shall be deemed to be minimum coverages and limits and shall
not be construed in any way as a limitation on Contractor’s duty to carry adequate insurance or on Contractor’s
liability for losses or damages under this Contract. Contractor shall maintain, at its sole cost and expense, the
following minimum insurance coverages and limits at all times while providing, performing, or completing the
Work, including any correction of any failure to meet warranty, are as follows:
i. Workers’ Compensation and Employer’s Liability. Limits shall not be less than: (a) Workers’
Compensation: statutory, (b) Employer’s Liability: $500,000.00 ea. accident-injury, (c) $500,000.00 ea.
employee-disease, and (d) $500,000.00 disease-policy. Such insurance shall evidence that coverage applies to
the states in which the Work is to be performed.
ii. Comprehensive Motor Vehicle Liability. Limits for vehicles owned, non-owned or rented shall not be
less than $1,000,000.00 bodily injury and property damage combined single limit. Without limiting the
foregoing, coverage shall be at least as broad as that provided under the current edition of the ISO Business
Automobile Policy, CA 0001.
iii. Commercial General Liability. Limits shall not be less than $1,000,000.00 Bodily Injury and Property
Damage Combined Single Limit with the General Aggregate limit applying, on a per project basis. Coverage is
to be written on an “occurrence” basis, and shall include: (a) premises operations, (b) products/completed
operations, (c) independent contractors, (d) personal injury (with employment exclusion deleted), (e) broad
form property damage endorsement, (f) “X,” “C,” and “U”, and (g) contractual liability (which coverage shall
specifically include the indemnification set forth in Section 12 of these Standard General Conditions). Without
limiting the foregoing, coverage shall be at least as broad as that provided under the current edition of the ISO
Commercial General Liability Policy, CG 0001.
iv. Umbrella Liability. Limits shall not be less than $4,000,000.00 Bodily Injury and Property Damage
Combined Single Limit, with the General Aggregate limit applying on a per project basis. This Policy shall
apply in excess of the limits stated in Items i, ii, and iii above.
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