16 Resolution awarding the bid asbestos abatement at One Oak Place Apt.

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Brady Environmental Services, Inc. 2.22 - PERFORMANCE AND PAYMENT BONDS Contractor shall be required to furnish good and sufficient Performance and Payment Bonds, for all work covered by this contract which is determined to be $25,000.00 or greater. A Performance Bond and a Payment Bond in a form satisfactory to the owner shall be furnished in the full amount of this agreement, and the cost thereof shall be paid by contractor. These bonds will be furnished by an insurance company on the list of Acceptable Sureties by the Department of the Treasury within the limits stated thereon. 2.22.1 If at any time during the continuance of the contract the surety becomes irresponsible, the owner shall have the right to require additional and sufficient sureties which the contractor shall furnish to the satisfaction of the owner within ten (10) days after notice to do so. 2.22.2 The Performance Bond shall guarantee the faithful performance of all covenants, stipulations and conditions of the contract. The Payment Bond shall guarantee the faithful payment of all obligations which may arise under the contract. 2.23 - RIGHT OF SURVEILLANCE AND EXAMINATION The owner shall have the right through the owner's field representatiye to monitor contractor's performance of the work and as appropriate to examine the equipment and materials furnished and the work performed, and to enforce contractor's compliance with and conformance to the requirements of the contract documents. The contractor shall furnish all reasonable assistance required by these individuals for the proper examination of the work. 2.23.1 It is the intent of this contract that all work shall be in strict accordance with the specifications and good industry practice. If the owner's field representative discovers work incompatible with the consultant or manufacturer specifications, the field representative will report the condition to the contractor's superintendent or other appropriate supervisory official. The contractor shall immediately remove such substandard work or take other appropriate actions as directed to correct unacceptable conditions. The provisions of this paragraph shall apply to all phases of the work of this contract. 2.24 - MATERIALS Unless specifically provided otherwise in each case, all materials furnished under this contract shall conform to applicable standard specifications and latest proven industry practices, shall be from a reputable manufacturer currently engaged in production of such materials, and shall be new, unused, and undamaged. Installation of such materials shall be in strict accordance with manufacturer's specifications and recommended procedures. MSDS records for all replacement materials installed shall be provided with all close out documents for each project performed. 11 of 17 M 000198