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<br />shall not be excess of Contractor's insurance and shall not be contributory <br />with it. <br /> <br />9. <br /> <br /> <br />~ <br /> <br />10 In-.a~ bond requircd under raragraph 9 hereof, COlltlCllilul ~hall Furnish · <br />a good an . . nt corporate surety bond in the penal sum of one hundred <br />percent (100%) of amou . which bond shall conform strictly with the <br />provisions of Chapter 7, Title 15, Part 4, . isiG~of the Civil Code of the State of <br />California, and all amendments thereto. AcceptarlC'el:5H nd by the City is <br /> <br />s " . <br /> <br /> <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 andlor 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 /> <br /> <br />III <br /> <br />III <br /> <br />III <br /> <br />III <br /> <br />6 <br />