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H. To the fullest extent permitted by Laws and Regulations, Contractar shall indemnify and hold <br />harmless Owner and Engineer, and the officers, directors, members, partners, employees, agents, <br />consultants, and subcontractors of each and any of them from and against all claims, costs, losses, <br />and damages (including but not limited to all fees and charges of engineers, architects, attorneys, <br />and other professionals and all court or arbitration or other dispute resolution costs) arising out of <br />or relating to a Hazardous Environmental Condition created by Contractor or by anyone for <br />whom Contractor is responsible. Nothing in this Paragraph 4.06.H shall obligate Contractor to <br />indemnify any individual or entity from and against the consequences of that individual's or <br />entity's own negligence. <br />1. The provisions of Paragraphs 4.02, 4.03, and 4.04 do not apply to a Hazardous Environmental <br />Condition uncovered or revealed at the Site. <br />ARTICLE 5- BONDS AND INSURANCE <br />5.01 Performance, Payment, and Other Bonds <br />A. Contractor shall furnish performance and payment bonds, each in an amount at least equal to the <br />Contract Price as security for the faithful performance and payment of all of Contractor's <br />obligations under the Contract Documents. These bonds shall remain in effect until one year after <br />the date when final payment becomes due or until completion of the correction period specified <br />in Paragraph 13.07, whichever is later, except as provided otherwise by Laws or Regulations or <br />by the Contract Documents. Contractor shall also furnish such other bonds as are required by the <br />Contract Documents. <br />B. All bonds shall be in the form prescribed by the Contract Documents except as provided <br />otherwise by Laws or Regulations, and shall be executed by such sureties as are named in the list <br />of "Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as <br />Acceptable Reinsuring Companies" as published in Circular 570 (amended) by the Financial <br />Management Service, Surety Bond Branch, U.S. Department of the Treasury. All bonds signed <br />by an agent or attorney-in-fact must be accompanied by a certified copy of that individual's <br />authority to bind the surety. The evidence of authority shall show that it is effective on the date <br />the agent or attorney-in-fact signed each bond. <br />C. If the surety on any bond furnished by Contractor is declared bankrupt or becomes insolvent or its <br />right to do business is terminated in any state where any part of the Project is located or it ceases <br />to meet the requirements of Paragraph 5.01.13, Contractor shall promptly notify Owner and <br />Engineer and shall, within 20 days after the event giving rise to such notification, provide another <br />bond and surety, both of which shall comply with the requirements of Paragraphs 5.01.B and <br />5.02. <br />5.02 Licensed Sureties and Insurers <br />A. All bonds and insurance required by the Contract Documents to be purchased and maintained by <br />Owner or Contractor shall be obtained from surety or insurance companies that are duly licensed <br />or authorized in the jurisdiction in which the Project is located to issue bonds or insurance <br />policies for the limits and coverages so required. Such surety and insurance companies shall also <br />EJCDC C-700 Standard General Conditions of the ConstrucHon Conhact <br />Copyright 0 2007 National Society of Professional Engineers for EJCDC. All rights reserved. <br />Paee 16 of 62 _ <br />