HomeMy WebLinkAboutRolfe Construction - 2014 AgreementSECTION 00500
AGREEMENT
Joint Trunk Sewer Replacement
PROJECT NUMBER 14 -PW -208
THIS AGREEMENT, made this Z� day of /qu9u�S�" Zo�H
by and between the City of Gilroy, hereinafter called the "City," and Rolfe Construction
hereinafter called the "Contractor."
WITNESSETH:
WHEREAS, the City has caused the Contract Documents to be prepared
comprised of bidding and contract requirements and technical specifications and
drawings for the construction of the Joint Trunk Sewer Replacement, Project No. 14-
PW -208, as described therein, and
WHEREAS, the Contractor has offered to perform the proposed work in
accordance with the terms of the Contract Documents.
NOW, THEREFORE, in consideration of the mutual covenants and
agreements of the parties herein contained and to be performed, the City and
Contractor agree as follows:
Article 1. Work.
Contractor shall complete the Work as specified or indicated in the Contract
Documents.
Article 2. Contract Time.
The Work shall be completed by the Contractor in accordance with the Contract
Documents within the time period required by Paragraph 00810 -2.0, Time Allowed for
Completion, subject to extension as expressly provided in the Contract Documents.
14 -Pw -208 AGREEMENT
Joint Trunk Sewer Replacement SECTION 00500 -25
4822 - 5697- 8712v2
RLC104706002
Article 3. Liquidated Damages.
The city and the contractor recognize that the city will suffer substantial damages
and significant financial loss as a result of the contractor's delays in performance
of the work described in the contract documents. The city and the contractor
hereby acknowledge and agree that the damages and financial loss sustained as
a result of any such delays in performance will be extremely difficult and
impractical to ascertain. Therefore, the city and contractor hereby agree that in
the event of such delays in performance, the city shall be entitled to
compensation by way of liquidated damages (and not penalty) for the detriment
resulting therefrom in accordance with paragraph 00700 -6.5, liquidated damages,
of the contract documents. The city and the contractor further agree that the
amounts designated as liquidated damages are a reasonable estimate of the
city's damages and financial loss in the event of any such delays in performance
considering all of the circumstances existing as of the date of this agreement,
including the relationship of such amounts to the range of harm to the city which
reasonably could be anticipated as of the date of this agreement and the
expectation that proof of actual damages would be extremely difficult and
impractical.
By initialing this paragraph below, the parties hereto signify their approval and
consent to the terms of this article 3.
City's Initials Contractors Initials
Article 4. Contract Price.
In consideration of the Contractors performance of the Work in accordance with the
Contract Documents, the City shall pay the Contract Price set forth in the Contract
Documents.
Article 5. Contract Documents.
The Contract Documents which comprise the entire agreement between City and
Contractor concerning the Work consist of this Agreement (Section 00500 of the
Contract Documents) and the following, all of which are hereby incorporated into this
Agreement by reference with the same force and effect as if set forth in full.
Notice to Prospective Bidders
Instructions to Bidders
14 -PW -208 AGREEMENT
Joint Trunk Sewer Replacement SECTION 00500 -26
4822 - 5697- 8712v2
RL004706002
Bid Documents
Designation of Subcontractors
Bid' 'Guaranty Bond
Agreement
Acknowledgements
Performance Bond
Payment Bond
General Conditions
Supplementary Conditions
General Requirements:
Standard Specifications (Caitrans)
Technical 'Specifications
Drawings
Addenda, if any
',Executed Change Orders, if any
Maintenance Bond;
Notice of Award
Notice to Proceed:
Article 6. Miscellaneous.
Capitalized terms used in this Agreement which are defined In Section 0109.0,
References, of the Contract Documents will have the meanings set forth in Section
01090, References.
Contractor shall: not' assign any rights, obligations,, duties or responsibilities - under or
interest in the Contract `Documents without the prior written; consent of the City,, which
consent may be withheld by the City in its sole discretion. No; assignment by the
Contractor of any rights,: obligations, duties or responsibilities under or interests in the
Contract Documents wilt be binding on the City without the prior written :consent :of the
City (which consent :may be withheld in City's sole .discretion); .and specifically but
without limitation monies that may become due and monies that are .due May not. be
assigned without such, consent (except to the extent that: tie effect of this restriction
May be limited by law), and unless specifically stated to the contrary in any written
consent to an assignment, executed by the City,,, no assignment will release: or
discharge the assignor from any liability, duty, obligation, or responsibility under the,
Contract Documents.
Subject to the foregoing, the Contract Documents shall_ 6e binding upon and shall. inure
to the- benefit of the parties hereto and' their, ;respective successors and assigns..
Nothing contained in the Contract Documents shall in any way constitute a personal
14 -PW -208 ,AGREEMENT
Joint Trunk Sewer Replacement SECTION 00500 -27
4x22- sss��ztn2
RLCI 07402
obligation of or impose any personal liability on any employees, officers, directors,
agents or representatives of the City or its successor and assigns.
In accordance with California Business and Professions Code Section 7030, the
Contractor is required by law to be licensed and regulated by the Contractors' State
License Board which has jurisdiction to investigate complaints against Contractors if a
complaint regarding a latent act or omission is filed within four years of the date of the
alleged violation. A complaint regarding a latent act or omission pertaining to structural
defects must be filed within 10 years of the date of the alleged violation. Any questions
concerning the Contractor may be referred to the Registrar, Contractors' State License
Board, P.O. Box 26000, Sacramento, California 95826.
IN ITNESS WHEREOF, this agreement has been executed on this.-j�
day of it
Dennis Rolfe
Name of Contractor Signature of City
Signature of Contractor
Partner
Title of Signator
ATTEST:
Signature
Title of Signator
14 -PW -208
Joint Trunk Sewer Replacement
4822 - 5697 - 87122
RLC104706002
LIN.
e of Signator
Approved as to Form:
Gilroy City Attomey's Office
nLM' By.
** *END OF SECTION * **
Si
Title d Signator
S
AGREEMENT
SECTION 00500 -28
ROLFE -2 OP ID: RL2
ACORN"
CERTIFICATE OF LIABILITY INSURANCE
BATE (NMmi fwn
08/27/2014
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE 6ERTI1FICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES
BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(SL AUTHORIZED
REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the pollcy(les) must be endorsed. If SUBROGATION IS WAIVED, subject to
the terms, and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the
certificate holder in lieu of such endorsement s
PRODUCER
Leap/Car enter/Kemps Insurance
3187 Collins Dr.
Mercedt. CA 95348
Michael J. Carpenter
CONTACT
NAME.
No Arc No):
nODRESSi
026892068
01/31/2014
01131 /2015
INSURER(S) AFFORDING COVERAGE
NAIC
INSURERA:State COMP Insurance Fund
35076
MED EXP (Any one person)
INSURED Rolfe Construction
INsuRERa: Nat] Fire Ins of Hartford
20478
3573 Southern Pacific Avenue
Atwater, CA 95301
INSURER C: Continental Casualty Co.
20443
INSURER D: American Cas Co of Reading PA
20427
INSURER E
$ 2,000,00
Emp Ben.
INSURER F :
C
AUTOMOBILE
X
X
COVERAGES CERTIFICATE NUMBER- RFVISION NUMRFR-
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE_ LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD
INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,
EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
TYPE OF INSURANCE
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
City of Gilroy
POLICY NUMBER
MID
MMIODIYYYY
LIMITS
B
GENERAL LIABILITY
X COMMERCIAL GENERAL LIABILITY
CLAIMS -MADE 7 OCCUR
X
X
026892068
01/31/2014
01131 /2015
EACH OCCURRENCE
$ 1,000,00
PREMISES Ea occurrence
$ 10,00
MED EXP (Any one person)
$ 5,00
PERSONAL & ADV INJURY
$ 1,000000
GENERAL AGGREGATE
$ 2,000,00.
GEN'L AGGREGATE LIMIT APPLIES PER:
POLICY X PRO- LOC
PRODUCTS- COMP /OP AGG
$ 2,000,00
Emp Ben.
$ 1,000,00
C
AUTOMOBILE
X
X
LIABILITY
ANY AUTO
ALL OWNED SCHEDULED
AUTOS AUTOS
NON -OWNED
HIRED AUTOS X AUTOS
X
X
025892085
01/31/2014
01/31/2015
COMBINED SIN-7LE—LIMIT
Ea accident)
$
BODILY INJURY (Per person)
$
BODILY INJURY (Per accident)
$
PROPERTY DAMAGE
PER ACCIDENT
$
S -
D
X
UMBRELLA LIAR
EXCESS LIAS
X
OCCUR
CLAIMS -MADE
4026892071
01/31!2014
01/31/2015
EACH OCCURRENCE
$ 5,000,00
AGGREGATE
$ 5,000,00
DEC) I X I RETENTION$ 10000
$
A
WORKERS COMPENSATION
AND EMPLOYERS' LIABILITY
ANY PROPRIETORIPARTNERIEXECUTIVE YIN
OFRCER/MEMBER EXCLUDED?
(Mandatory in NH)
If yes. describe under
- DESCRIPTION OF OPERATIONS below
NIA
X
000820 -9 -13
10/01/2013
10/01/2014
X WC STATU- 0TH -
E.L. EACH ACCIDENT
$ 1000,000
E.L. DISEASE- EA EMPLOYEE
$ 1,000,00
E.L. DISEASE- POLICY LIMIT_
-$._ 1,000,00
B
Leased/Rented
Equipment
026892068
01/31/2014
01/31/2015
100,00
Ded 1,00
DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICLES (Attach ACORD 101, Additional Remarks Schodule, V more space Is rsqulmd)
City of Gilroy, Its Officers, Elected or Appointed Officials, Employees,
ents and Volunteers are named as Additional Insured with respects to
General & Auto Liability per attached forms. Waiver of Subrogation applies
to General and Auto Liability and Workers Comp
GERTIRr-ATF MOI nFR PAMPCLI ATlnal
GILRO -3
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
City of Gilroy
THE ,EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN
Public Works Division
ACCORDANCE WITH THE POLICY PROVISIONS.
7351 Rosanna St.
AUTHORIZED REPRESENTATIVE
Gilroy, CA 95020
O 1988 -2010 ACORD CORPORATION. All rights reserved.
ACORD 25 (2010/05) The ACORD name and logo are registered marks of ACORD
POLICY NUMBER: 4026892085 COMMERCIAL AUTO
CA 20 48 02 99
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
DESIGNATED INSURED
This endorsement modifies insurance provided under the following:
BUSINESS AUTO COVERAGE FORM
GARAGE COVERAGE FORM
MOTOR CARRIER COVERAGE FORM
TRUCKERS COVERAGE FORM
With respect to coverage provided by this endorsement, the provisions of the Coverage Form apply unless
modified by this endorsement.
This endorsement identifies person(s) or organization(s) who are "insureds" under the Who Is An Insured Provision
of the Coverage Form. This endorsement does not alter coverage provided in the Coverage Form. .
This endorsement changes the policy effective on the inception date of the policy unless another date is indicated
below.
Endorsement Effective: 5/21/2014
Countersigned By: opt ctawrta
Named Insured: Rolfe Construction
SCHEDULE
Name of Person(s) or Organization(s):
Any person or organization that the Named Insured is obligated to provide Insurance where required by a written
contract or agreement is an insured, but only with respect to legal responsibility for acts or omissions of a person
for whom Liability Coverage is afforded under this policy.
(If no entry appears above, information required to complete this endorsement will be shown in the Declarations
as applicable to the endorsement.)
Each person or organization shown in the Schedule is an "insured" for Liability Coverage, but only to the extent
that person or organization qualifies as an "insured" under the Who Is An Insured Provision contained in Section II
of the Coverage Form.
CA 20 48 02 99 Copyright, Insurance Services Office, Inc., 1998 Page 1 of i
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1=9
a*
POLICY NUMBER: 4026892068
COMMERCIAL GENERAL LIABILITY
CG 24 04 05 09
WAIVER OF TRANSFER OF RIGHTS OF RECOVERY
AGAINST OTHERS TO US
This endorsement modifies insurance provided under the following:
COMMERCIAL GENERAL LIABILITY COVERAGE PART
PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART
SCHEDULE
Name Of Person Or Organisation:
REFER TO 02404
will be shown In
The following is added to Paragraph 8. Transfer Of
Rights Of Recovery Against Others To Us of
Sedtion IN — Conditions:
We waive any right of recovery we may have against
the person or organization shown in the Schedule
above because of payments we make for injury or
damage arising out of your ongoing operations or 'your
work . done under a contract with that person or
organization and included In the 'products-completed
operations hazard.' This waiver applies only to the
person or organization shown in the Schedule above.
CG 24 04 05 09 Copyright, Insurance Services Oi%e, Ina, 2008 Page I of 1
POLICY NUMBER: 4026892068
COMMERCIAL GENERAL LIABILITY
CG 25 03 OS 09
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
DESIGNATED CONSTRUCTION PROJECT(S)
GENERAL AGGREGATE LIMIT .
This endorsement modifies insurance provided under the following:
COMMERCIAL GENERAL LIABILITY COVERAGE PART
SCHEDULE
EACH OF YOUR CONSTRUCTION PROJECTS
LOCATED AWAY FROM PREMISES OWNED BY
OR RENTED TO YOU
Information required to complete this Schedule, If not shown above, will be shown in the Declarations. 1
A. For all sums which the insured becomes legally
3. Any payments made under Coverage A for
obligated to pay as damages caused by
damages or under Coverage C for medical
'occurrences' under Section 1— Coverage A. and
expenses shall reduce the Designated
for all medical expenses caused by accidents under
Construction Project General Aggregate Limit
Section 1 — Coverage C, which can be attributed
for that designated construction project Such
only to ongoing operations at a single designated
payments shall not reduce the General
construction project shown in the Schedule above:
Aggregate Limit shown in the Declarations nor
1. A separate Designated . Construction Project
shag they reduce any other Designated
Construction Project General Aggregate Limit
General Aggregate Limit applies to each
designated construction project, and that limit is
for any other designated construction project
equal to the amount of the General Aggregate
shown in the Schedule above.
Limit shown in the Declarations.
4. The limits shown in the Declarations for Each
2. The Designated Construction Project General
Occurrence, Damage To Premises Rented To
Aggregate Limit is the most we will pay for the
You and Medical Expense continue to apply..
However, instead of being subject to the
sum of all damages under Coverage A, except
damages because of °bodily injury" or "properly
General Aggregate Limit' shown In the
damage' included n the "products - completed ed
Declarations, such limits will be subject to the
d
Designated
applicable Designate Construction Project
operations hazard; and for medical expenses
under Coverage C regardless of the number of
General Aggregate
�
a. Insureds;
b. Claims made or "suits" brought; or
a Persons or organizations making claims or
em
bringing'sub."
in
CG 2S 03 05 09 Copyright, insurance Services Office, Inc., 2008 Page 1 of 2
B. For all sums which the insured becomes legally C.
obligated to pay as damages caused by
°occurrences° under Section t — Coverage A. and
for all medical expenses caused by accidents under
Section I — Coverage C, which cannot be attributed
only to ongoing operations at a single designated
concoction project shown in the Schedule above:
1. Any payments made under Coverage A for
damages or under Coverage C for medical
expenses shall reduce the amount available D.
under the General Aggregate Umit or the
Products-completed Operations Aggregate
Urnit, whichever is applicable; and
2. Such payments shall not reduce any
Designated Construction Project General
Aggregate limit.
When coverage for liability arising out of the
'products- completed operations hazard' is
provided, any payments for damages because of
'bodily injury' or °property damage" included in the
°products - completed operations hazard' Will reduce
the Products- completed Operations Aggregate
Unlit, and not reduce the General Aggregate limit
nor the Designated Construction Project General
Aggregate Unit.
K the applicable designated construction project
has been abandoned, delayed, or abandoned and
then restarted, or if the authorized contracting
parties deviate from plans, blueprints, designs,
specifications or timetables. the project will still be
deemed to be the same construction project.
E. The provisions of Section Ili — Umits Of Insurance
not otherwise modified by this endorsement shall
continue to apply as stipulated.
Page 2 of 2 Copyright, Insurance Services Office, Inc., 2008 CO 25 03 05 09
WAIVER OF SUBROGATION REP A2
STATE 820 -13 000009
RENEE
NF
1- 24 -12 -14
PAGE 1
HOME OFFICE
SAM FRANCISCO EFFECTIVE AUGUST 14, 2014 AT 12.01 A.M.
ALL EFFECTIVE DATES ARE AND EXPIRING OCTOBER 1, 2014 AT 12.01 A.M.
AT 1201 AM PACIFIC
STANDARD TWEL OR THE
TIME INDICATED AT
PACIFIC STANDARD TIME
ROLFE CONSTRUCTION
3573 S OUT BERN PACIFIC AVE
ATWATER, CA 95301
ANYTHING IN THIS POLICY TO THE CONTRARY NOTWITHSTANDING,
IT IS AGREED THAT THE STA'T'E COMPENSATION INSURANCE FUND
WAIVES ANY RIGHT OF SUBROGATION AGAINST,
CITY OF GILROY
WHICH MI%JT ARISE BY REASON OF ANY PAYMENT UNDER THIS
POLICY IN CONNECTION WITH WORK PERFORMED BY.
ROLFE CONSTRUCTION
IT IS FURTHER AGREED THAT THE INSURED SHALL MAINTAIN
PAYROLL RECORDS ACCURATELY SEGREGATING TilE REMUNERATION
OF EMPLOYEES WHILE ENGAGED IN WORK FOR THE ABOVE
EMPLOYER.
IT IS FURTHER AGREED THAT PREMIUM ON' THE EARNINGS OF SUCH
EMPLOYEES SHALL BE INCREASED BY 03 %.
NOTHING W THIS ENDORSEMENT CONTAINED SWILL arm #imm TO VARY, ALTER. WAIVE
OR EXTEND ANY OF THE TERMS. CONDITIONS. AGREEMENTS. OR LIMITATIONS OF THIS
POLICY OTHER THAN AS STATED. NOTHIN O ELSEWHERE IN THIS POLICY SHALL BE
HELD TO VARY, ALTER, WAIVE OR LIMIT THE TERMS, CONDITIONS, AGREEMENTS OR
LIMITATIONS OF THIS ENDORSEMENT.
COUNTERSIGNED ARID ISSUED AT SAANFRFRANC4=r
(f4
AUTHORIZH� REPRESENT IVE
SCIF FOL U 10217 *EV.7 -10111
AUGUST 18, 2014 2570
PRESIDENT AID CEO
OLD w 217
POLICY NUMBER: 4026892068
COMMERCIAL GENERAL LIABILITY
CG 20 37 0413
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
ADDITIONAL INSURED - OWNERS, LESSEES OR
CONTRACTORS - COMPLETED OPERATIONS
This endorsement modifies insurance provided under the following:
COMMERCIAL GENERAL LIABILITY'COVERAGE PART
PRODUCTS /COMPLETED OPERATIONS LIABILITY COVERAGE PART
SCHEDULE
Name Of Additional Insured Person(s)
Or Oraanization(s)
City of Gilroy, Its Officers, Elected or Appointed Officials, Employees,
Agents and Volunteers
Location And Description Of Completed Operations
City of Gilroy Joint Trunk Sewer
7351 Rosanna St.
Gilroy CA 95020
I Information required to complete this Schedule, if not shown above, will be shown in the Declarations..
A. Section II — Who Is An Insured is amended to
include as an additional insured the person(s) or
organization(s) shown in the Schedule, but only
with respect to liability for "bodily injury" or
"property damage" caused, in whole or in part, by
"your work" at the location designated and
described in the Schedule of this endorsement
performed for that additional insured and
included in the "products- completed operations
hazard."
However:
1. The insurance afforded to such additional
insured only applies to the extent permitted by
law; and
2. If coverage provided to the additional insured is
required by a contract or agreement, the
insurance afforded to such additional insured will
not be broader than that which you are required
by the contract or agreement to provide for such
additional insured.
CG 20 37 0413 Copyright, Insurance Services Office, Inc., 2012 Page 1 of 2
B. With respect to the insurance afforded to these
additional insureds, the following is added to
Section III — Limits Of Insurance:
If coverage provided to the additional insured is
required by a contract or agreement, the most we
will pay on behalf of the additional insured is the
amount of insurance:
1. Required by the contract or agreement; or
2. Available under the applicable Limits of
Insurance shown in the Declarations;
whichever is less.
This endorsement shall not increase the
applicable Limits of Insurance shown in the
Declarations.
Page 2 of 2 0 ISO Properties, Inc., 2004 CG 20 37 0413 ❑
POLICY NUMBER: 4026892068
COMMERCIAL GENERAL LIABILITY
CG 2010 0413
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
ADDITIONAL, INSURED ® OWNERS, LESSEES OR
CONTRACTORS ® SCHEDULED PERSON OR
ORGANIZATION
This endorsement modifies insurance provided under the following:
COMMERCIAL GENERAL LIABILITY COVERAGE PART
SCHEDULE
Name Of Additional Insured Person(s)
Or Oraanization(si
City of Gilroy, Its Officers, Elected or Appointed Officials, Employees,
Agents and Volunteers
Location(s) Of Covered Operations
City of Gilroy Joint Trunk Sewer
7351 Rosanna St.
Gilroy CA 95020
I Information required to complete this Schedule, if not shown above, will be shown in the Declarations.
A. Section II — Who Is An Insured is amended to 1. Your acts or omissions; or
include as an additional insured the person(s) or 2. The acts or omissions of those acting on your
organization(s) shown in the Schedule, but only behalf;
with respect to liability for "bodily injury" "property
damage" or "personal and advertising injury'
caused, in whole or in part, by:
CG 2010 0413 Copyright, Insurance Services Office, Inc., 2012 Page 1 of 2
in the performance of your ongoing operations for
the additional insured(s) at the location(s)
designated above.
However:
1. The insurance afforded to such additional
insured only applies to the extent permitted by
law; and
2. If coverage provided to the additional insured is
required by a contract or agreement, the
insurance afforded to such additional insured
will not be broader than that which you are
required by the contract or agreement to
provide for such additional insured.
B. With respect to the insurance afforded to these
additional insureds, the following additional
exclusions apply:
This insurance does not apply to "bodily injury" or
"property damage" occurring after:
1. All work, including materials, parts or
equipment furnished in connection with such
work, on the project (other than service,
maintenance or repairs) to be performed by or
on behalf of the additional insured(s) at the.
location of the covered operations has been
completed; or
2. That portion of 'your work" out of which the
injury or damage arises has been put to its
intended use by any person or organization
other than another contractor or subcontractor
engaged in performing operations for a
principal as a part of the same project.
C. With respect to the insurance afforded to these
additional insureds, the following is added to
Section III — Limits Of Insurance:
If coverage provided to the additional insured is
required by a contract or agreement, the most we
will pay on behalf of the additional insured is the
amount of insurance:
1. Required by the contract or agreement; or
2. Available under the applicable Limits of
Insurance shown in the Declarations;
whichever is less.
This endorsement shall not increase the applicable
Limits of Insurance shown in the Declarations.
Page 2 of 2 Copyright, Insurance Services Office, Inc., 2012 CG 2010 0413