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<br />13. <br /> <br />In addition to the bond required under Paragraph 12 hereof, Contractor <br /> <br />shall furnish a good and sufficient corporate surety bond in the penal sum of one hundred <br /> <br />percent (100%) of amount of bid, which bond shall conform strictly with the provisions of <br /> <br />Chapter 7, Title 15, Part 4, Division 3, of the Civil Code of the State of California, and all <br /> <br />amendments thereto. Acceptance of the bond by the City is subject to the review and <br /> <br />approval of the bond by the City Attorney's office. <br /> <br />14. <br /> <br />Pursuant to California Public Contract Code Section 7100, the acceptance <br /> <br />by Contractor of an undisputed payment made under the terms of the Contract shall operate <br /> <br />as, and shall be, a release to City, and their duly authorized agents, from all claim of and/or <br /> <br />liability to Contractor arising by virtue of the Contract related to those amounts. Disputed <br /> <br />contract claims in stated amounts may be specifically excluded by Contractor from the <br /> <br />operation of the release. <br /> <br />15. <br /> <br />The Contractor may substitute securities for the amounts retained by the <br /> <br />City to ensure performance of the Contract in accordance with the provisions of Section <br /> <br />22300 of the Public Contract Code. <br /> <br />16. <br /> <br />The representations made herein, including the bidder's licensing <br /> <br />information hereinafter furnished, are made under penalty of perjury. The undersigned <br /> <br />understands that any bid not containing said licensing information, or containing any <br /> <br />Agmt-275 <br />FX5:djk <br />F :/5 h ared/Redwood/Co u n cil <br />08/12/99 <br /> <br />16 <br />