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9. Miscellaneous. Contractor shall provide, on the execution of this Agreement, a <br /> good and sufficient corporate surety bond in the penal sum of one hundred percent <br /> (100%) of amount bid, which bond shall be conditioned upon the faithful <br /> perFormance of all work required to be performed by Contractor under this <br /> � Agreement. Said bond shall be liable for any and all penalties and obligations <br /> which may be incurred by Contractor under this Agreement. Acceptance of the <br /> bond by the City is subject to �the review and approval of the bond by the City <br /> Attorney's office. <br /> In addition to the bond required under Paragraph 9 hereof, Contractor shall furnish <br /> a good and sufficient corporate surety bond in the penal sum of one hundred � <br /> percent (100%) of amount of bid, which bond shall conform strictly with the <br /> provisions of Chapter 7, Title 15, Part 4, Division 3, of the Civil Code of the State of <br /> California, and all amendments thereto. Acceptance of the bond by the City is <br /> subject to the review and approval of the bond by the City Attomey's office. <br /> 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 and/or 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 /> 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 /> 10. Representations. Contractor has visited the Site and has examined thoroughly <br /> and understood the nature and extent of the Work, Site, locality, actual conditions, <br /> as built conditions, and all local conditions and federal, state and local laws and <br /> regulations that in any manner may affect cost, progress, performance or furnishing <br /> of Work or which relate to any aspect of the design and the means, methods, <br /> techniques, sequences or procedures of construction to be employed by Contractor <br /> and safety precautions and programs incident thereto. <br /> 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 /> 4 <br />