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, . f ~ -- - --- - - _ --- - .. ------ . _---- -------- - _ ---------_ --- -- _ _ _ ~. . . Exhibit 'F' ADDENDUM TO CONTRACT, FTA CONTRACT REQUIREMENTS • ~ ' Page 14 of 23 (c) A payment bond is required only when a performance bond is required, and if the use of payment bond is in the Recipient's interest. (d) When it is deternuned that a payment bond is required, the Contractor shall be required to obtain payment bonds as follows: 1. The penal amount of payment bonds shall equal: , (i) Fifty percent of the contract price if the contract price is not more than $1 million; (ii) Forty percent of the contract price if the contract price is more than $1 million but not more than $5 million; or (iii) Two and one half million if the contract price is increased. Advance Payment Bonding Requirements ~ The Contractor may be required to obtain an advance payment bond if the contract contains an advance payment provision and a performance bond is not fumished. The Recipient shall detemune the amount of the advance payment bond necessary to protect the Recipient. If the Recipient requires such bonding after execudon of the Contract, then Recipient will pay the reasonable cost of the bond premium. Patent Infringement Bonding Requirements (Patent Indemnity) The Contractor may be required to obtain a patent indemnity bond if a performance bond is not furnished and the financial responsibility of the Contractor is unknown or doubtful. The Recipient ~, shall determine the amount of the patent indemnity to protect the Recipien~ If the Recipient requires such bonding after execution of the Contract, then Recipient will pay the reasonable cost of the bond premium. Warranty of the Work and Maintenance Bonds (Construction Contracts) 1. The Contractor warrants to Recipient, ttie Architect and/or Engineer that all materials and equipment furnished ander this Contract will be of tughest quality and new unless otherwise specified by Recipient, free from faults and defects and in conform,ance with the Contract Documents. All work not so conforming to these standards shall be considered defective. If required by the Recipient, the Contractor shall furnish satisfactory evidence as to the kind and quality of materials and equipment. 2. The Work furnished must be of first quality and the worlananship must be the best obtainable in the various trades. The Work must be of safe, substantial and durable construction in all respects. The Contractor hereby guazantees the Work against defective materials or faulty workmanship for a minimum period of one (1) year after Final Payment by Recipient and shall replace or repair any defective materials or equipment or faulty workmanship during the period of the guarantee at no cost to Recipient~ As additional security for these guarantees, the Contractor shall, prior to the release of Final Payment, furnish sepazate Maintenance (or Guarantee) Bonds in form acceptable to Recipient written by the same corporate surety that provides the Performance Bond and Labor and Material Payment Bond for this Contract. These bonds shall secure the Contractor's obligation to replace or repair defective materials and faulty workmanship for a minimum period of one (1) year after Final Payment and shall be written in an amount equal to ONE HiJNDRED PERCENT (1009b) of the CONTRACT SLJM, as adjusted (if at all). Addendum, FI'A Contract Requirements Page - 13 0223990116