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4. CONTRACTOR agrees to complete the WORD OF IMPROVEMENT within the time specified in <br /> the Time for Completion of Improvements section of the BID PROPOSAL (Exhibit "A") including <br /> commencing construction within the timeframe therein specified after issuance of a Notice to <br /> Proceed. <br /> 5. The CONTRACTOR will pay, and will require all subcontractors to pay, all employees on the <br /> WORD OF IMPROVEMENT a salary or wage at least equal to the prevailing salary or wage <br /> established for such work as set forth in the wage determinations for this work in accordance with <br /> applicable State and Federal law. <br /> 6. If applicable, the CONTRACTOR shall adhere to the CITY'S Community Workforce Agreement <br /> (CWA), a pre-hire collective bargaining agreement, which establishes the labor relations policies and <br /> procedures for CONTRACTOR to follow in the crafts persons employed to complete the WORK OF <br /> IMPROVEMENT as more fully described in the CWA. The CWA may be found on the City's <br /> website at: <br /> litip://www.saiita-w-ta,org/pwa/doew-neiits/CWA.pd <br /> 7. CONTRACTOR shall, after award of this Contract, furnish two bonds to be approved by the CITY, <br /> one in the amount of One Hundred Percent (100%) of the Contract price, to guarantee the faithful <br /> performance of the work (Performance Bond), and one in the amount of One Hundred Percent <br /> (100%) of the Contract price to guarantee payment of all claims for labor and materials furnished <br /> (Payment Bond). This Contract shall not become effective until such bonds are supplied to and <br /> approved by the CITY. <br /> 8. CONTRACTOR shall, prior to the release of the performance and payment bonds or the retention <br /> payment, furnish a warranty performance and payment bond (Warranty.Bond). Said Warranty Bond <br /> shall also be required as a condition of project acceptance. For projects up to Five Hundred <br /> Thousand Dollars ($500,000), the Warranty Bond amount shall be the greater of Ten Thousand <br /> Dollars ($10,000) or Twenty Percent (20%) of the final contract price. For projects above Five <br /> Hundred Thousand Dollars ($500,000), the Warranty Bond amount shall be the greater of One <br /> Hundred Thousand Dollars ($100,000) or Ten Percent (10%)of the final contract price. <br /> 9. CONTRACTOR shall, after award of this Contract, furnish Certificates of Liability Insurance and <br /> Worker's Compensation Insurance as outlined in the General Provisions, to be approved by the <br /> CITY. <br /> 11 <br /> City Council 23A-26- 30 7/2634 <br />