Wea eae hilo hy a SCHEDULE C - GENERAL CONDITIONS OF CONTRACT PERFORMANCE BOND The Contractor Will be required to post a performance bond in the amount of $2,500 with the Municipality for the duration of the Contract for the purpose aS ourlined in Clause 8 of Schedule B of this Contract. The bond is to be in the form of an irrevocable letter of credit or other form acceptable to the City Treasurer. INDEMNITY CLAUSE The Contractor covenants to save harmless and effectual ly indemnify the Municipality against a) All actions and proceedings, costs, damages, expenses, claims and demands whatsoever and by whomsoever brought by reason of the performance by the Contractor of the terms of this Contract. b) All expenses and costs which may be incurred by reason of liens for non= payment of labour or materials, Workers! Compensation assessments, Unemployment Insurance, Federal or Provincial Tax, check off, All actions and Proceedings, casts, damages, expenses, claims and demands arising from the Contractoris trespass or damage to private property or properties owned by other persons than the Municipality. PUBLIC LIABILITY, PROPERTY DAMAGE, FIRE INSURANCE Prior to any commencement of arly work hereunder the Contractor shal | obtain and maintain insurance policies acceptable to and approved by the Municipality. All insurance policies are to have the Municipality as a named insured. Copies of al| insurance poitcies will have to be Presented to the Municipality upon signing of the contract, and proof of annual renewal will be ‘required during the term thereof. All insurance policies are also to contain a clause that they are non=cancel lable without prior notification to the Municipality. The following insurance is required with |imits nor less than those shown: a) Comprehensive Public Liability insurance and Property Damage Insurance providing coverage up to two million dollars ($2,000,000) inclusive against liability tor bodily injury or death and/or damage to Property on an all risk occurrence basis.