Eugene Terminal Expansion Project

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„ ~' ~ 1 The Contracto~ and che Sucety, jointiy a~d severtlly. bind themsetves, their heics: executors, administrotors.' successoK and assigns to the Owr~er to pay tor labor, materials and equipment furnished fo~ use in the pertor- . tnance of the, Constnution to~t~acL which a incorpo- ~ated herein_by ~efe~ence. Z~th respett to the Owne~, .tha obligation shell be ~uil and void if the CoM~actor. 2.7 Promptiy makes paymeni. directty o~ indirectty. fo~ a!1 wms due Claima~ts, a~d 2.2 Defends, i~demn~fies. ar-d hotds ham~+less the Owr~e~ ttom clsirru, demar~ds, Iiet~s or suits 6y any pe~son or e~tity whose ctaim, dema~d, lie~ or suit is for. tlie payme~t fo~ labor, materiats or equipment fur nished to~ ase in the pe~fom~ance of the Co~struction •~: . Goc~t~ac~ provided the Owner has pror~ptly notified the Co~troctor and the Svrety tat ' the address desuibed i~ Patag~aph 12~ of any claims. dernands. fiens or suits and te~+dered defease of.such:daims. demarsds, liens o~ wiu te the Convactor a~,d che Su~ety, and provided the~e is cw Ow++er Oefautt. 3 With respett to Claimants, this obligation sha11 be ~utl and void if the~ Cont~attoc promptly makes pay- ~ent~ ditettly ot itld+rectly. for a11 wcru due. 4 The Surety shalt have no obligation to Claimants u~de~ tha Bond until: 41 qauaants who a~e ecr+ployed by w have a dKett eontract with the Contcactor E~ave g'~ven notice co the Su~ety tat the add~ess described ia Pa~ag~aph i2) and sent a copY, or notice the~eof. to the Ow~e~. scating that a eiaim a bei~g made u~dec this Sond and, with substaniiaf accu~acy, the amount of the claim. 4s Ciairna~ts wt~o do not have a di~ect coac~act with the Contractor. ~ Z Have turnisfied w~itten ~otice to the Con- tracto~ and sent a oopy, or ~oi'~ce tEiereof, to the Owner, wittua 90 days afte~ havi~g last ~tonned labor or tast fumished.matefiais ot qui~teni included in the claim stating. with s~irbstantia! accuracy. Lhe amouctit of the claim and ihe aame ot the pa~ty la whocn the mate~ials were tv~r-ished oc supptied or to~ whom the labo~ was done or pe~Eonned: and 2 Kave eitfier received a oejection in wEwte o~. in pan f~o+~ che.Cortccactor, or not ~eceived within 30 days of lumishing the above ~o- tite arty cocrtimuntcation from the Controctor by which the CoM~acio~ tias i~dicated the claim will be paid directty or indirect[y; and . 3. Not having bee~ paid withia the above 30:. days. have sent a written ~otice to the Su~ecy- (at tt-e add~ess descn'bed tn Paragraph 12) and sec~t a tOpy, o~ ~otice theteof. to ti~e Owne~. stating tt~at a daim is being made ur~der. this Sond and enc{osing a eopy.of the p~evious written nocice tumished to tt~e ~ontractor. S tf a notice ~equi~ed by Pa~agraph 4 is given by the Owne~ to the Contractor or to the Surety, that is suf(i- ~ ete~t compliance. ~~ . ... ~~ 6 When the Claima~t has satis{ied the conditio~s of Pa~agraph 4, the Su~ety shail promptly and at the Su~et~s expense take the following aciions: 6.7 Sei~d an answe~ td ihe Claimant, w+ih a copy to the;Owae~, within 45 days afier receipt of the claim, stating the amaunu that are undisputed and the basis fo~ cfiallenging a~y amou~ts that are disputed. 6s Pay o~ ar~ange for payrnent of any u~disputed amounts.. . 7 The SuretYs totat obtigation shati not exceed che amount of this 6o~d. and the amount of this 8ond sha!! be uedited for any payments made i~ good faith by the Surety. 8 Amounts owed by, the Ow~e~ to the Co~tractor uRde~ ' the Constniction Contract shatl be vsed for the pecia- mance of the Construction Contract and to satisfy claims, if anY. under any Construction Pe~formance 8ond. 8y the Cont~actor furnishtng and the Owner accepting this Sond, they agree ihat atl tunds eamed by the Ce~ttactor in the perfoanante of the Corutruction Contract a~e dedicated io satisfy obtigations of the Contractor and the Surety under this Sond: subject to the Owne~'s p~ior- ity to use the tunds for the completion o( the wo~k. 9 The Surety shatl not be IiaWe to the Owner. Cia'ur~ants or othen for obC~gations of t~-e Contracto~ that a~e unc~eiat- ed to tt~e Gonstruction Cont~act. The Owner shaU erot be liable !or payme~t of any costs oc expenses of any Claim- ant vr~der this 8ond, and shalf have under this Bor-d ~o obti- gafwns to make paymec-ts to. g'rve r~otices on beha[f of. or othenvise have~obligataru to Claimants u~de~ ihis Sond. t0?he S~rrety hereby waives notice of any cha~ge. including changes oi time. to ihe Const~uctior Contract o~ to 'refated subcontracts, purchase ordea and othe~ obfigations. 71 No suii o~ actior- shall be cocrtimeaced by a Claimant ur~der tha 8ond other .tha~ in a eourt of eompetent ~'ns diction in ihe totatw~ in which the wock or part ot the w~o~k es bcated oc afte~ the exp+rat+o~ of or-e ycar f~om tF~e date ClI ~~+~ ~ naima~t gave the notice ~equired by 5ubpa~agraph 4 7 or Ctause 4.2.3. or R) on which the tast labor or se~vice was peeiomned bY any~one o~ the tast mate- riais o~ equ~pmetaL~eoe fvmished by Anyone undet tix Con- strvctioc~ Conicad, whieheve~ of d3 or (2~ liac oeeun- If ehe provisions of this Parag~aph are. v~oid o~ pcohib+ted by law. the minianvrt peciod of t'uniWtFon ava~able t,o su~eties as a detense in the jucisdictioa of the suit shalt be app!'+cabie. 12 Notice to the Surety, thc Owner or the Cont~actor shalt be rnaited o~ deiive~ed to the address showr~ on the signatute page. Actua! ~eceipt of rsotice by Su~etY. the Owrser or the Cont~actor, howeve~ accocnptished, sha(I be sutficient eompiiance as of tttie date ~ecetved at the add~ess shown ocs the signature page. 'i 3 When thts 6ond has been iurnished to comply with a statutory or other legat ~equirement in the (ocatan wher.e ihe construction was to be pecfoRned; any provision in this Bond conflicting with said statutory o~ legai tequirement shaU be deemed defeted herefrom and prov~sio~s coa- focmi~g to suth sututory or other (ega! requlrert~e~t shail be deemed incorpo~ated he~ein. The i~te~t is that this 'AIA COCVMCNi A)1~ • PERiOR~.tAN~f~ BONO ANOPArMENT 80~~0 • O[CE+~BER ~9e~ E~ • At~~ .. ~ THf N.cCRtG~~ ~HSTITU7[ O~ ~RCriiTCCTS, t73S -+E~v vORK ~~'E .`t.~~'. w~S-tv+GTpn. OC ?0006 A31Z-~98a S