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self-insurer, he may so act, and in such case, the insurance required by this <br />paragraph need not be provided. <br /> <br />Contractor is advised of the provisions of Section 3700 of the California Labor <br />Code, which requires every employer to be insured against liability for Workers' <br />Compensation or to undertake self-insurance in accordance with the provisions <br />of that Code, and shall comply with such provisions before commencing the <br />performance of the work of this Contract. <br /> <br />Before the Agreement between City and Contractor is entered into, Contractor <br />shall submit written evidence that it and any subcontractors have obtained for <br />the period of the Contract full Workers' Compensation insurance coverage for <br />all persons whom they employ or may employ in carrying out the work under this <br />Contract. This insurance shall be in accordance with the requirements of the <br />most current and applicable state Workers' Compensation insurance laws. In <br />accordance with the provisions of Section 1861 of the California Labor Code, <br />the Contractor in signing this Agreement certifies to City as true the following <br />statement: <br /> <br />I am aware of the previsions of Section 3700 of the Labor <br />Code which requires every employer to be insured against <br />liability for workers' compensation or to undertake self- <br />insurance in accordance with the provisions of that Code, and <br />I will comply with such provisions before commencing the <br />performance of the work of this Contract. <br /> <br />In accordance with the provisions of Section 1727 of the Califomia Labor Code, <br />City, before making payment to Contractor of money due under a contract for <br />public works, shall withhold and retain therefrom all amounts which have been <br />forfeited pursuant to any stipulation in the Contract, and the terms of Chapter 1, <br />Part 7, Division 2 of the California Labor Code (commencing with Section 1720). <br />But no sum shall be withheld, retained or forfeited, except from the final <br />payment, without a full investigation by either the Division of Labor Law <br />Enforcement or by City. <br /> <br />It is hereby agreed by the parties to the Agreement that in case all work called for <br />under the Agreement is not finished or completed on or before the time set forth <br />in this Agreement, damage will be sustained by City, and that it is and will be <br />impracticable and extremely difficult to ascertain and determine the actual <br />damage which the City will sustain in event of and by reason of such delay; it is <br />therefore agreed Contractor will pay to City the sum calculated at the rate of Five <br />Hundred and No/100 dollars ($500.00) per day as liquidated damages for each <br />and every calendar day's delay in finishing the work in excess of the number of <br />days prescribed, and Contractor agrees to pay said liquidated damages as herein <br />provided, and in case the same are not paid, agrees that City may deduct the <br />amount thereof from any monies due or that may become due under this <br />Agreement. <br /> <br />Agmt~137 <br />FXS~r <br />F:~hared/Redwood/Council <br />08~3~I <br /> <br /> <br />