Opening of Bids - Century Center Parking Lot Entry Gate Improvements Proj No 118-035A - Larson Danielson Construction - 3

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ARTICLE XXXIII GENERAL SAVINGS CLAUSE Section 1. Any provision contained herein that is contrary to or held in violation of the Labor -Management Relations Act of 1947, as amended, or of any other law now in force or hereafter enacted, or, hereafter becoming effective, shall be void and of no force or effect, and this Agreement shall be construed as if said void provision herein were not a part thereof, it being intended, however, that the other provisions of this Agreement shall not be affected thereby. It is further agreed that, should compliance with any law or amendment therefore, or any order or regulation issued thereunder, now or hereafter in force and effect, prohibit the carrying out of any of the provisions of this Agreement, then to the extent of such deviation or prohibition, this Agreement shall be deemed to have been automatically amended effective on the effective date of such law, order or regulations. Such amendment to this Agreement shall remain in effect only so long as said law, amendment, order or regulation continues in force or until the expiration of this Agreement, whichever event shall first occur. ARTICLE XXXIV BONDING Section 1. Every Employer who employs members of the Union and agrees to be covered or maintain the provisions of this Agreement shall be required by the Union to submit a surety bond payable in the combined name of Indiana Laborers Welfare Fund and Lake County & Vicinity Construction Workers Pension Trust Fund to insure the payment of fringe benefit obligations accruing under this Agreement. The Employer shall furnish a surety bond as prescribed below upon initial execution of this Agreement and within fourteen (14) days after January 1st of each year thereafter. Surety Bond shall be remitted to Lake County & Vicinity Construction Workers Pension Trust Fund, 2111 West Lincoln Highway, Merrillville, IN 46410. The amount of the surety bond shall be based on the previous year's monthly man hour average report to be provided by the contractor with its yearly bond as follows: 1-9 men $15,000.00 10-19 men $30,000.00 20-39 men $50,000.00 40 or more men $100,000.00 Section 2. A surety provider must have an A.M. Best rating of A- and asset class VIII or better. All surety companies will be reviewed to insure that they meet the rating requirement. 38