FGDAB Affidavits and Guarantees (Cf. FEAB) FGDAB
All contractors shall submit proof of their coverage of liability and workers' compensation insurance as required by Michigan law to the business office. All bids on construction projects shall stipulate that the contractor shall provide liability coverage which total at least $1,000,000.00.
On occasion, and at the board's discretion, a contractor may be added to the district's workers' compensation insurance and/or liability insurance plan.
The general contractor shall provide a performance bond equal to at least 5 percent of the contract amount to protect the district from the failure of the contractor or contractors to perform the terms and conditions of the contract.
The architect shall assume the responsibility that all product guarantees, warranties and workmanship guarantees for materials and performance of services are duly executed and that signed documents are delivered to the district.
LEGAL REF: MCL, 129.201-211; Worker's Compensation Act