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In addition to the bond required under Paragraph 9 hereof, Contractor shall <br /> furnish a good and sufficient corporate surety bond in the penal sum of one <br /> hundred percent (100 %) of amount of bid, which bond shall conform strictly <br /> with the provisions of Chapter 7, Title 15, Part 4, Division 3, of the Civil <br /> Code of the State of California, and all amendments thereto. Acceptance of <br /> the bond by the City is subject to the review and approval of the bond by the <br /> City Attorney's office. <br /> Pursuant to California Public Contract Code Section 7100, the acceptance <br /> by Contractor of an undisputed payment made under the terms of the <br /> Contract shall operate as, and shall be, a release to City, and their duly <br /> authorized agents, from all claim of and /or liability to Contractor arising by <br /> virtue of the Contract related to those amounts. Disputed contract claims in <br /> stated amounts may be specifically excluded by Contractor from the <br /> operation of the release. <br /> The Contractor may substitute securities for the amounts retained by the <br /> City to ensure performance of the Contract in accordance with the <br /> provisions of Section 22300 of the Public Contract Code. <br /> 10. Representations. Contractor has visited the Site and has examined <br /> thoroughly and understood the nature and extent of the Work, Site, locality, <br /> actual conditions, as built conditions, and all local conditions and federal, <br /> state and local laws and regulations that in any manner may affect cost, <br /> progress, performance or furnishing of Work or which relate to any aspect of <br /> the design and the means, methods, techniques, sequences or procedures of <br /> construction to be employed by Contractor and safety precautions and <br /> programs incident thereto. <br /> The representations made herein, including the bidder's licensing <br /> information hereinafter furnished, are made under penalty of perjury. The <br /> undersigned understands that any bid not containing said licensing <br /> information, or containing any information which is subsequently proven <br /> false, shall be considered non - responsive, and shall be rejected by City. <br /> /// <br /> /// <br /> /// <br /> /// <br />