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required to be performed by Contractor under this Agreement. Said bond shall be <br /> liable for any and all penalties and obligations which may be incurred by <br /> Contractor under this Agreement. Acceptance of the bond by the City is subject to <br /> the review and approval of the bond by the City Attorney's office. <br /> <br /> 10. In addition to the bond required under Paragraph 9 hereof, Contractor shall furnish <br /> a good and sufficient corporate surety bond in the penal sum of one hundred <br /> percent (100%) of amount of bid, which bond shall conform strictly with the <br /> provisions of Chapter 7, Title 15, Part 4, Division 3, of the Civil Code of the State of <br /> California, and all amendments thereto. Acceptance of the bond by the City is <br /> subject to the review and approval of the bond by the City Attorney's office. <br /> <br /> 11. Pursuant to California Public Contract Code Section 7100, the acceptance by <br /> Contractor of an undisputed payment made under the terms of the Contract shall <br /> operate as, and shall be, a release to City, and their duly authorized agents, from <br /> all claim of and/or liability to Contractor arising by virtue of the Contract related to <br /> those amounts. Disputed contract claims in stated amounts may be specifically <br /> excluded by Contractor from the operation of the release. <br /> <br /> 12. The Contractor may substitute securities for the amounts retained by the City to <br /> ensure performance of the Contract in accordance with the provisions of Section <br /> 22300 of the Public Contract Code. <br /> <br /> 13. The representations made herein, including the bidder's licensing information <br /> hereinafter furnished, are made under penalty of perjury. The undersigned <br /> understands that any bid not containing said licensing information, or containing <br /> any information which is subsequently proven false, shall be considered non- <br /> responsive, and shall be rejected by City. <br /> <br /> IN WITNESS WHEREOF, the parties hereto have executed this Agreement <br /> this '-~'~.'-~ day of '-~:~ . ,2001. <br /> <br /> CITY OF RED_.~H~OD CITY, a municipal <br /> corpo ~ti~~t~t~al ifornia <br /> <br /> By /..~'(. / <br /> /-/' City Manager <br />~-~TTEST: <br /> City Clerk <br /> TEC Accutite, Inc. <br /> 35 South Linden Avenue <br /> Southsan Francisco, CA 94080 <br /> (650) 952-5551/-"---"~ <br /> <br /> Eddy Tab,t, President <br /> <br /> Agrnt-434 7 <br /> F:Shared/Redwood/Council <br /> DES:djk <br /> 01/08/01 <br /> <br /> <br />