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<br />Acceptance of the bond by the City is subject to the review and approval of the bond by <br />the City Attorney's office. <br /> <br />10. In addition to the bond required under Paragraph 9 hereof, Contractor shall furnish a <br />good and sufficient corporate surety bond in the penal sum of one hundred percent <br />(100%) of amount of bid, which bond shall conform strictly with the provisions of Chapter <br />7, Title 15, Part 4, Division 3, of the Civil Code of the State of California, and all <br />amendments thereto. Acceptance of the bond by the City is subject to the review and <br />approval of the bond by the City A ttorney's office. <br /> <br />11. Pursuant to California Public Contract Code Section 7100, the acceptance by Contractor <br />of an undisputed payment made under the terms of the Contract shall operate as, and <br />shall be, a release to City, and their duly authorized agents, from all claim of and/or <br />liability to Contractor arising by virtue of the Contract related to those amounts. Disputed <br />contract claims in stated amounts may be specifically excluded by Contractor from the <br />operation of the release. <br /> <br />12. The Contractor may substitute securities for the amounts retained by the City to ensure <br />performance of the Contract in accordance with the provisions of Section 22300 of the <br />Public Contract Code. <br /> <br />13. The representations made herein, including the bidder's licensing information hereinafter <br />furnished, are made under penalty of perjury. The undersigned understands that any bid <br />not containing said licensing information, or containing any information which is <br />subsequently proven false, shall be considered non-responsive, and shall be rejected by <br />City. <br /> <br />INJAlITNESS WHEREOF, the parties hereto have executed this Agreement this.<h7/ day of <br />~U72F~ . 2006. <br /> <br />CITY OF REDWOOD CITY, a charter city and <br />municipal corporation in the State of California <br /> <br />~s.~~. ,~ <br /> <br />Patricia Howe, City Clerk <br /> <br />~~ <br /> <br />E Everett, City Manager <br /> <br />By <br /> <br />POWER ENGINEERING CONTRACTORS <br />1501 VIKING STREET, SUITE 200 <br />ALAMEDA, CA 94501 <br /> <br />By (~t\ h,1l <br />Title: \(~L~ 1S~+ht', ff"f)\:'e,,-l:.J:tldl."\~,-er <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />6 <br />