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Pursuant to California Government Code Section 8546.7 the parties to this Agreement shall be subject to the examination and audit of representative of the Auditor General of the State of California for a period of three (3) years after final payment under the Agreement. The examination and audit shall be confined to those matters connected with the performance of this Agreement including, but not limited to, the cost of administering the Agreement. 11. SECURITY. Developer shall cause Wentz Group to require each and every subcontractor performing dewatering, shoring, piling, structural concrete, waterproofing, plumbing, fire protection, HVAC, or electrical work in connection with the Public Parking Facility, and any other contractors that the Developer and City agree upon, prior to the commencement of excavation, or construction in connection with the Project, to furnish to City and Agency, and file with the City Clerk and Agency Secretary, a bond or instrument of credit of the kind described in Section 66499, et seq. of the California Government Code, securing the faithful performance of the Contractor's obligations under this Agreement within the time herein specified, which bond or instrument of credit shall be in an amount determined by the City and Agency. Developer shall likewise cause each and every Contractor performing dewatering, shoring, piling, structural concrete, waterproofing, plumbing, fire protection, HVAC, or electrical work in connection with the Project, and any other contractors that the Developer and City agree upon, prior to the commencement of excavation or construction in connection with the Project, to furnish and file with the City Clerk and Agency Secretary a bond, deposit, or instrument of credit of the kind described in Sections 66499 et seq. of the California Government Code securing the payment by Contractor for labor, materials, equipment or services furnished in connection with the Project and the doing of all other work herein agreed to be done by Developer. The amount of the security shall be One Hundred Percent (100%) of the value of the Contractor's contract for the Project. The security shall include, in addition to the principal amounts, a guarantee of the payment of costs and reasonable expenses and fees, including reasonable attorneys' fees, incurred by City and/or Agency in the event of successful enforcement of such security. All bonds shall be issued by a corporate surety admitted in the State of California and shall name the City and the Agency as joint obligees. Atty/Agr/Agr.147 101403 Final L. Beck 18