1973.06.11 CC Minutes - Laserfiche WebLink

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cect:oi 1:)t,it ,. , .,; rrocecdings, Contract : tither lioLu!nrnts.•— the Ciranct. ,i,:ti submit to the Governm.nt such :lata, r...oca'ts, records and documents relating to the financing, construction, and operation of the project as the Gov,rkinient may require. Approval of the Government must be obtained prior to the assignment of any interest in or part of any contract relating to the Project. Section 17. Construction by Contract.—AH work on the Project shall be done under contract and every opportunity shall be given for free,open and competitive bidding for each and every construction, material,and equipment contract. The Grantee shall give such publicity by advertisement or calls for bids by it for the furnishing to it of work, labor, materials, and equipment as required by applicable law and as will provide adequate competition;and the award of each contract therefor shall be made,to the lowest responsible bidder as soon as practicable: Provided, that in the selection of equipment or materials the Grantee may, in the interest of standardization or ultimate economy, if the advantage of such standardization or such ultimate economy is clearly evident, and if permissible under applicable local law, award a contract to a responsible bidder other than the lowest in price. The Grantee shall prior to the award of a contract, obtain verification from the Government proposed contractor is not debarred from participating in Federally assisted construction activities. • Similar verification is required for subcontracts relating to the Project. Section 18. Changes in Construction Contract.—Any change in a construction contract shall be submitted to the Government. Section 19. Contract Security.—The Grantee shall require that each construction contractor shall furnish a performance bond in an amount at least equal to 100 percent of his contract price as security for the faithful performance of his contract and also a payment bond in an amount not less than 100 percent of his contract price or in a penal sum not less than that prescribed by State, territorial, or local law, whichever is greater as security for the payment of all persons performing labor on the Project under his contract and furnishing materials in connection with his contract. The performance bond and the payment bond may be in one or separate instruments in accordance with local law. Section 20. Insurance During Construction.—The Grantee shall require that each of its contractors and all subcontractors maintain during the life of his contract, Workmen's Compensation insurance, Public Liability, Property Damage, and Vehicle Liability Insurance, in amounts and on terms satisfactory to the Government. Until the Project is completed and accepted by the Grantee, the Grantee or (at the option of the Grantee) the contractor is required to maintain Builders Risk Insurance(fire and extended coverage)on a 100 percent basis (completed value form) on the insurable portion of the Project for the benefit of the Grantee the prime contractor,and all subcontractors,as their interests may appear. :. Section 21. Wage Rates.—The Grantee shall comply with the provisions of the Act of March 3, 1931 (Davis-Bacon Act, 40 USC Sec. 1276), as amended, and the applicable rules and regulations issued by the Secretary of Labor thereunder which are incorporated herein by reference. The Grantee shall cause to be # inserted in each contract or subcontract subject to the Davis-Bacon Act the specific provisions required by the regulations of the Secretary of Labor. Section 22. Contract Work Hours.The Grantee shall comply with the provisions of the Contract Work Hours Standards Act(40 USC secs. 327-332)and the applicable rules and regulations issued by the Secretary of • Labor thereunder which are incorporated herein by reference. The grantee shall cause to be inserted in each contract or subcontract subject to the Work Hours Standards Act the specific provisions required by the above • regulations. Section 23. Copeland Act.—The Grantee shall comply with the provisions of the Act (Anti-Kickback). 48 Stat. 1948, as amended, and the applicable rules and regulations issued by the Secretary of Labor thereunder which are incorporated herein by reference. The Grantee shall cause to be inserted in each contract op subcontract subject to the Copeland Act the specific provisions required by the above regulations. 4 HUD-41Q0(7—n) • J • • • • ti