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GENERAL CONDITIONS 1. Drfinition of tenon Whenever the terra -C,ontrRetor",(w "CHIEF.CONSTRUCTION." is used they shall be one and the some, The word "Owner" shall refer to the Buyer or Purchwt er. 2. Fork, MatcriaU acid Srrvicesc Unless otherwise stipulated. CHIEF; CONS'I'RU(',TION shall provide and pay for all materials. labor by CHIEF CONSTRUCTION normal work forces and sub-contractors, services. tools. eTuip- rnent, and transportation necessary for the excc.•ution and completion of the work. 'unless otherwise specified, all materials shall be new and both workmanship and material shall be of good quality. The Owner reserves the right to let contracts to other cc.. -ratters, at any time. for any work or materials outside of the Contract 3. Guarantee. CHIEF CONS''RUCTION guarantees all workmanship and materials for a period of one year from dhte of first use or acceptance. (whichever occurs first). and shall replace any defective work or materials appearing during this, period. ordinary wear and tear scceptpd, but shall not be responsi- bie for consequential damages or any further loss resulting from such defect. CHIEF CONSTRUI.-MON as representutivi:s'of manufacturers, extends to the owner all writ- ' ton warranties and ,guarantees made by the manufacturer on merchandise sold. Where claims arise under tl"sc:se warranties„ the makers ::aettlement.s are to be conclusive and the same will not be repon- sible for conge {uent'a; damages. Nothing in the above intends or implies that this guarantee shall apply to items which have been a.buged or ne;:;;ected by the Owner. 4. Insurance. The Contractor %hall, at his own expanse, carry and maintain Workman's Compensation and Public Liability Insurance. Nblic. Liability polic:ici shall be for at least the sum of $100,000 for damages- to one person and for at least the sum of $300,000`;for'damages in one accident- Property damage coverage shall lrs .n the amount of $50,000. The Contractor shall comply with the Workman's Campen."tion l:ews that apply to this construction. Contractor is to furnish Builder's Ilisk Insurance during; construction of the building; on the amount of Contract, signrxl with CHIEF CONS,"TITUCTION. Owner to take over insurance coverage an building; upon possession or completion of building, whichever comes first. 5. Salem Tax. The Contractor shall pay all nereswary Sales Taxes, Use Taxes and Federal Exciwe Taxes on all materials required for the completion of the work. f. Emergency Termination of Contract. If the work should be stapped uruler any court or public authority for. a period of thirty days hrough no act or fault, of..the Contxacttwrar of anyone employed by hinu orif'the Owner should fall to make a payment to the Contractor.wkhin tan days of ita`rrfatgrity and presentation . or it µ p •k i•f stopped directly or indirectly by the re«iislt of the os urec icon of existence:of i National Ern' r ssnry - then the Contractor may give notice to the Owr-e' -r, stop vrork,or temirtate this G6ntract, and recover from the Owner Irayrrr,.nt for all work execuwd and reasonable profit or d Mges. .a a