C C ITY OF ERES S S D TANDARD PECIFICATIONS AND RAWINGS 2018 CITY OF CERES ENGINEERING DEPARTMENT 2220 MAGNOLIA STREET CERES, CA 95307 (209)538-5792 1 TABLE OF CONTENTS CHAPTER – 1……………………………………………...………………………………..………………...10 GENERAL PROVISIONS ................................................................................................................................. 10 1-1 DEFINITIONS AND TERMS .................................................................................................................................................... 10 1-2 AWARD AND EXECUTION OF CONTRACT…………………………………………………………………………….... 14 1-2.01 GENERAL TERMS ......................................................................................................................................................... 14 1-2.02 AWARD OF CONTRACT .............................................................................................................................................. 14 1-2.03 CONTRACT BONDS ...................................................................................................................................................... 15 1-2.04 EXECUTION OF CONTRACT ...................................................................................................................................... 16 1-2.05 SUBCONTRACTORS ..................................................................................................................................................... 16 1-2.06 RELIEF OF BIDDER ...................................................................................................................................................... 20 1-3 NATURE OF CONTRACT/CHANGES IN WORK ................................................................................................................. 21 1-3.01 ALTERATION ................................................................................................................................................................ 21 1-3.02 LIMITED CITY POWER ................................................................................................................................................ 21 1-3.03 CHANGES IN WORK .................................................................................................................................................... 21 1-3.04 CONTRACT ITEMS ....................................................................................................................................................... 21 1-3.05 EXTRA WORK ............................................................................................................................................................... 22 1-3.06 GUARANTEE ................................................................................................................................................................. 22 1-3.07 DISPUTED WORK ......................................................................................................................................................... 23 1-4 CONTROL OF WORK ............................................................................................................................................................... 24 1-4.01 AUTHORITY OF THE CITY ENGINEER .................................................................................................................... 24 1-4.02 PLANS AND SPECIFICATIONS ................................................................................................................................... 24 1-4.03 CONFORMITY WITH PLANS AND ALLOWABLE DEVIATIONS .......................................................................... 25 1-4.04 COORDINATION OF PLANS, SPECIFICATIONS AND SPECIAL PROVISIONS ................................................... 25 1-4.05 CONSTRUCTION SCHEDULE ..................................................................................................................................... 28 1-4.06 AUTHORITY OF INSPECTORS ................................................................................................................................... 28 1-4.07 SUPERVISION ................................................................................................................................................................ 29 1-4.08 SURVEYING .................................................................................................................................................................. 29 1-4.09 INSPECTION .................................................................................................................................................................. 29 1-4.10 TESTING ......................................................................................................................................................................... 30 1-4.11 REMOVAL OF DEFECTIVE OR AUTHORIZED WORK ........................................................................................... 30 1-4.12 ADDITIONAL AND EMERGENCY PROTECTION .................................................................................................... 30 1-4.13 SUBSURFACE DATA .................................................................................................................................................... 30 1-4.14 DIFFERING SITE CONDITIONS .................................................................................................................................. 31 1-4.15 BENEFICIAL USE .......................................................................................................................................................... 31 1-4.16 FINAL INSPECTION ...................................................................................................................................................... 32 1-5 CONTROL OF MATERIAL ...................................................................................................................................................... 33 1-5.01 SAMPLES AND TESTS ................................................................................................................................................. 33 1-5.02 SUBMITTALS ................................................................................................................................................................ 33 1-5.03 PROTECTION OF WORK AND MATERIALS ............................................................................................................ 34 1-5.04 DEFECTIVE MATERIALS ............................................................................................................................................ 34 1-5.05 CERTIFICATES OF COMPLIANCE ............................................................................................................................. 35 1-5.06 DISPOSAL OF EXCESS MATERIAL ........................................................................................................................... 35 1-5.07 SUBSTITUTIONS ........................................................................................................................................................... 35 1-5.08 RECORD DRAWINGS ................................................................................................................................................... 36 1-5.09 MANUALS .................................................................................................................................................................... 36 1-6 UTILITIES ................................................................................................................................................................................... 37 1-6.01 LOCATION ..................................................................................................................................................................... 37 1-6.02 PROTECTION ................................................................................................................................................................. 37 1-6.03 NOTIFICATION ............................................................................................................................................................. 37 1-6.04 REMOVAL ...................................................................................................................................................................... 37 1-6.05 RELOCATION ................................................................................................................................................................ 38 1-6.06 DELAYS .......................................................................................................................................................................... 38 1-6.07 COOPERATION ............................................................................................................................................................. 38 1-6.08 EXISTING UTILITIES ................................................................................................................................................... 38 1-6.09 UTILITY COMPANIES .................................................................................................................................................. 39 2 1-7 LEGAL RELATIONS AND RESPONSIBILITIES TO THE PUBLIC .................................................................................. 40 1-7.01 LAWS TO BE OBSERVED ............................................................................................................................................ 40 1-7.02 EMPLOYMENT .............................................................................................................................................................. 40 1-7.03 HOURS OF LABOR ....................................................................................................................................................... 41 1-7.04 PREVAILING WAGES................................................................................................................................................... 41 1-7.05 PERMITS AND LICENSES ............................................................................................................................................ 42 1-7.06 PATENT FEES AND ROYALTIES ............................................................................................................................... 42 1-7.07 COOPERATION AND COLLATERAL WORK ............................................................................................................ 43 1-7.08 USE OF PREMISES ........................................................................................................................................................ 43 1-7.09 PROJECT SITE MAINTENANCE ................................................................................................................................. 44 1-7.10 TEMPORARY LIGHT, POWER, AND WATER .......................................................................................................... 46 1-7.11 PROTECTION AND RESTORATION OF EXISTING IMPROVEMENTS ................................................................. 46 1-7.12 PUBLIC CONVENIENCE AND SAFETY ..................................................................................................................... 47 1-7.13 INDEMNIFICATION ...................................................................................................................................................... 48 1-7.14 INSURANCE REQUIREMENTS ................................................................................................................................... 49 1-7.15 VERIFICATION OF COVERAGE ................................................................................................................................. 50 1-7.16 SUBCONTRACTORS ..................................................................................................................................................... 50 1-7.17 CONTRACTOR’S RESPONSIBILITY FOR WORK .................................................................................................... 50 1-7.18 ADVERTISING ............................................................................................................................................................... 51 1-7.19 HAZARDOUS MATERIALS ......................................................................................................................................... 51 1-7.20 AIR POLLUTION CONTROL ........................................................................................................................................ 51 1-7.21 CONTROL STORM WATER ......................................................................................................................................... 52 1-8 PROSECUTION AND PROGRESS........................................................................................................................................... 53 1-8.01 SUBLETTING AND ASSIGNMENT ............................................................................................................................. 53 1-8.02 PROGRESS OF THE WORK ......................................................................................................................................... 54 1-8.03 CHARACTER OF WORKERS ....................................................................................................................................... 55 1-8.04 TEMPORARY SUSPENSION OF WORK ..................................................................................................................... 55 1-8.05 TIME OF COMPLETION AND LIQUIDATED DAMAGES ........................................................................................ 56 1-8.06 SUSPENSION OF CONTRACT ..................................................................................................................................... 58 1-8.07 RIGHT-OF-WAY ............................................................................................................................................................ 58 1-8.08 DELAYS BY THE CITY OF CERES ............................................................................................................................. 58 1-9 MEASUREMENT & PAYMENT .............................................................................................................................................. 59 1-9.01 MEASUREMENT ........................................................................................................................................................... 59 1-9.02 SCOPE OF PAYMENT ................................................................................................................................................... 59 1-9.03 EXTRA AND FORCE ACCOUNT WORK.................................................................................................................... 59 1-9.04 PROGRESS PAYMENT ................................................................................................................................................. 62 1-9.05 FINAL PROGRESS PAYMENT AND CLAIM ............................................................................................................. 63 1-9.06 INCREASED OR DECREASED CONTRACT QUANTITIES ..................................................................................... 64 1-9.07 RIGHT TO WITHHOLD AMOUNTS ............................................................................................................................ 65 1-9.08 DISPUTE RESOLUTION ............................................................................................................................................... 66 CHAPTER - 2 ...................................................................................................................................................... 68 EARTHWORK .................................................................................................................................................................................. 68 2-1.01 GENERAL ....................................................................................................................................................................... 68 2-1.02 MATERIALS ................................................................................................................................................................... 71 2-1.03 EXECUTION ................................................................................................................................................................... 75 2-1.04 MEASUREMENT AND PAYMENT ............................................................................................................................. 83 CHAPTER - 3 ...................................................................................................................................................... 84 STORM DRAIN ................................................................................................................................................................................. 84 3-1.01 GENERAL ....................................................................................................................................................................... 84 3-1.02 MATERIALS ................................................................................................................................................................... 84 3-1.03 EXECUTION ................................................................................................................................................................... 86 3-1.04 MEASUREMENT AND PAYMENT ............................................................................................................................. 88 CHAPTER - 4 ...................................................................................................................................................... 90 SANITARY SEWER ......................................................................................................................................................................... 90 4-1.01 GENERAL ....................................................................................................................................................................... 90 4-1.02 MATERIALS ................................................................................................................................................................... 90 4-1.03 EXECUTION ................................................................................................................................................................... 93 4-1.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 103 3 CHAPTER - 5 .................................................................................................................................................... 105 WATER SYSTEM ........................................................................................................................................................................... 105 5-1.01 GENERAL ..................................................................................................................................................................... 105 5-1.02 MATERIALS ................................................................................................................................................................. 105 5-1.03 EXECUTION ................................................................................................................................................................. 109 5-1.04 MEASUREMNET AND PAYMENT ........................................................................................................................... 117 CHAPTER - 6 .................................................................................................................................................... 118 STREETS ......................................................................................................................................................................................... 118 6-1.01 GENERAL ..................................................................................................................................................................... 118 6-1.02 MATERIALS ................................................................................................................................................................. 118 6-1.03 EXECUTION ................................................................................................................................................................. 121 6-1.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 129 STREET LIGHTING ...................................................................................................................................................................... 131 6-2.01 GENERAL ..................................................................................................................................................................... 131 6-2.02 MATERIALS ................................................................................................................................................................. 131 6-2.03 EXECUTION ................................................................................................................................................................. 133 6-2.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 136 CHAPTER - 7 .................................................................................................................................................... 137 STREET TREES .............................................................................................................................................................................. 137 7-1.00 INTRODUCTION ......................................................................................................................................................... 137 7-2.00 DEFINITIONS ............................................................................................................................................................... 138 7-3.00 PROTECTION OF TREES DURING CONSTRUCTION ........................................................................................... 143 7-4.00 REMOVAL, REPLACEMENT & PLANTING OF TREES ......................................................................................... 155 7-5.00 HAZARDOUS TREES .................................................................................................................................................. 164 7-6.00 TREE MAINTENANCE GUIDELINES ....................................................................................................................... 168 7-7.00 TREE REPORT ............................................................................................................................................................. 176 CHAPTER - 8 .................................................................................................................................................... 181 EROSION CONTROL .................................................................................................................................................................... 181 8-1.01 GENERAL ..................................................................................................................................................................... 181 8-1.02 (BLANK) ....................................................................................................................................................................... 182 8-1.03 EXECUTION ................................................................................................................................................................. 182 8-1.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 183 CHAPTER - 9 .................................................................................................................................................... 185 TRAFFIC .......................................................................................................................................................................................... 185 TEMPORARY TRAFFIC CONTROL DURING CONSTRUCTION ........................................................................................ 185 9-1.01 GENERAL ..................................................................................................................................................................... 185 9-1.02 MATERIALS ................................................................................................................................................................. 186 9-1.03 EXECUTION ................................................................................................................................................................. 189 9-1.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 191 TRAFFIC STRIPES AND PAVEMENT MARKINGS ................................................................................................................ 192 9-2.01 GENERAL ..................................................................................................................................................................... 192 9-2.02 MATERIALS ................................................................................................................................................................. 192 9-2.03 EXECUTION ................................................................................................................................................................. 193 9-2.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 195 TRAFFIC SIGNS ............................................................................................................................................................................. 196 9-3.01 GENERAL ..................................................................................................................................................................... 196 9-3.02 MATERIALS ................................................................................................................................................................. 197 9-3.03 EXECUTION ................................................................................................................................................................. 198 9-3.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 200 TRAFFIC SIGNALS ....................................................................................................................................................................... 201 9-4.01 GENERAL ..................................................................................................................................................................... 201 9-4.02 MATERIALS ................................................................................................................................................................. 202 9-4.03 EXECUTION ................................................................................................................................................................. 226 9-4.04 MEASUREMENT AND PAYMENT .......................................................................................................................... 230 CHAPTER - 10 .................................................................................................................................................. 231 4 IRRIGATION AND LANDSCAPE ................................................................................................................................................ 231 IRRIGATION SYSTEMS ............................................................................................................................................................... 231 10-1.01 GENERAL ..................................................................................................................................................................... 231 10-1.02 MATERIALS ................................................................................................................................................................. 234 10-1.03 EXECUTION ................................................................................................................................................................. 241 10-1.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 249 LANDSCAPE GRADING ............................................................................................................................................................... 251 10-2.01 GENERAL ..................................................................................................................................................................... 251 10-2.02 MATERIALS ................................................................................................................................................................. 253 10-2.03 EXECUTION ................................................................................................................................................................. 253 10-2.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 257 LANDSCAPE SOIL PREPARATION ........................................................................................................................................... 258 10-3.01 GENERAL ..................................................................................................................................................................... 258 10-3.02 MATERIALS ................................................................................................................................................................. 260 10-3.03 EXECUTION ................................................................................................................................................................. 262 10-3.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 263 CHAPTER - 11 .................................................................................................................................................. 264 PARK FACILITIES ........................................................................................................................................................................ 264 PLAY STRUCTURE ....................................................................................................................................................................... 264 11-1.01 GENERAL ..................................................................................................................................................................... 264 11-1.02 MATERIALS ................................................................................................................................................................. 264 11-1.03 EXECUTION ................................................................................................................................................................. 265 11-1.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 265 SITE FURNITURE .......................................................................................................................................................................... 266 11-2.01 GENERAL ..................................................................................................................................................................... 266 11-2.02 MATERIALS ................................................................................................................................................................. 266 11-2.03 EXECUTION ................................................................................................................................................................. 266 11-2.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 267 SPORT EQUIPMENT ..................................................................................................................................................................... 268 11-3.01 GENERAL ..................................................................................................................................................................... 268 11-3.02 MATERIALS ................................................................................................................................................................. 268 11-3.03 EXECUTION ................................................................................................................................................................. 269 11-3.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 269 TRAIL PAVEMENT-DECOMPOSED GRANITE ........................................................................................................................ 270 11-4.01 GENERAL ..................................................................................................................................................................... 270 11-4.02 MATERIALS ................................................................................................................................................................. 270 11-4.03 EXECUTION ................................................................................................................................................................. 270 11-4.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 271 TRAIL PAVEMENT-ASPHALT CONCRETE .............................................................................................................................. 272 11-5.01 GENERAL ..................................................................................................................................................................... 272 11-5.02 MATERIALS ................................................................................................................................................................. 272 11-5.03 EXECUTION ................................................................................................................................................................. 272 11-5.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 272 CHAPTER - 12 .................................................................................................................................................. 274 MISCELLANEOUS ........................................................................................................................................................................ 274 MOBILIZATION ............................................................................................................................................................................ 274 12-1.01 GENERAL ..................................................................................................................................................................... 274 12-1.02 (BLANK) ....................................................................................................................................................................... 274 12-1.03 (BLANK) ....................................................................................................................................................................... 274 12-1.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 274 FENCING ......................................................................................................................................................................................... 276 12-2.01 GENERAL ..................................................................................................................................................................... 276 12-2.02 MATERIALS ................................................................................................................................................................. 276 12-2.03 EXECUTION ................................................................................................................................................................. 280 CONCRETE STRUCTURES ......................................................................................................................................................... 282 12-3.01 GENERAL ..................................................................................................................................................................... 282 12-3.02 MATERIALS ................................................................................................................................................................. 282 12-3.03 EXECUTION ................................................................................................................................................................. 282 12-3.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 282 5 PAINTING ....................................................................................................................................................................................... 283 12-4.01 GENERAL ..................................................................................................................................................................... 283 12-4.02 MATERIALS ................................................................................................................................................................. 283 12-4.03 EXECUTION ................................................................................................................................................................. 283 12-4.04 MEASUREMENT AND PAYMENT ........................................................................................................................... 283 6 CITY OF CERES STANDARD SPECIFICATIONS TABLE OF DRAWINGS STREETS ST-01 Typical Street Sections ST-02 Cul-De-Sac & Minor Street with Bike Lanes (50’ R/W & 60’ R/W) ST-03 2 Lane Collector Street with Bike Lanes (60’ R/W & 70’ R/W) ST-04 2 Lane/ 4 Lane Collector (Industrial) Street (70’ R/W & 110’ R/W) ST-05 4 Lane Collector Street with Bike Lanes (80’ R/W & 90’ R/W) ST-06 4 Lane Major & 4 Lane Collector (Divided) Street (100’ R/W & 90’ R/W) ST-07 4 Lane Major Street with Bike Lanes (100’ R/W) ST-08 4 Lane/ 6 Lane Expressway Street (110’ R/W) ST-09 Standard Cul-De-Sac Street ST-10 Standard Intersection Knuckle Street ST-11A Structural Street Section Requirements ST-11B Structural Street Section Requirements ST-12 City Alley Sections ST-13 Midblock Bus Turnout ST-14 Nearside Bus Turnout ST-15 Farside Bus Turnout CONCRETE CONSTRUCTION C-01 Curb & Gutter Standards C-02 Sidewalk Standards C-03 Control Joint Details C-04 Residential Driveway Approach C-05 Commercial/Industrial Driveway Approach C-06 Alley Approach C-07 Cross Gutter Detail C-08A Pedestrian ADA Curb Ramp – Corner installation C-08B Pedestrian ADA Curb Ramp – Cases (A,B,C,D) C-08C Pedestrian ADA Curb Ramp – Cases (E,F) C-09 Raised Center Median Detail C-10 Raised Crosswalk C-11 Sidewalk Widening for Obstruction TRENCHING AND BACKFILLING T-01 Typical Trench Excavation and Backfill WATER SYSTEMS W-01A Requirements for Wet Utilities Separation W-01B General Notes Wet Utilities Separation W-02A New Water Service Connection, 1 Inch W-02B New Water Service Connection, 1-1/2 Inch W-02C New Water Service Connection, 2 Inch W-02D New Water Service Connection, 3 Inch & Larger W-03A 1 Inch Water Service Line Bullhead W-03B 1-1/2 Inch Water Service Line Bullhead W-03C 2 Inch Water Service Line Bullhead for 1 inch & 2 inch W-03D 2 Inch Water Service Line Bullhead W-03E 1 Inch Water & Fire Service - Residential W-04A Reduced Pressure Principle Assembly 3 inches and Larger W-04B Double Check Detector Assembly 3 inches and Larger 7 W-04B Double Check Detector Assembly 3 inches and Larger W-04C Double Check Valve/Meter Assembly 3 inches and Larger W-04D Reduced Pressure Principle Backflow Assembly 1 inch through 2 inches W-05 Fire Hydrant Assembly W-06 Thrust Block Details W-07 Water Valve Box Detail W-08 Waterline Blowoff Assembly – Construction use only W-09 Private Well Destruction Standard W-10 Water Quality Sampling Station SANITARY SEWER SYSTEM S-01 Sanitary Sewer Data S-02 Sanitary Sewer Manhole S-03 Standard Drop Manhole S-04 Manhole Frame & Cover S-05 House Service Lateral S-06 Service Lateral Connections S-07 Requirements of Sanitary Sewer in Vicinity of Water Main S-08 Typical Grease Interceptor S-09 Typical Sand & Oil Interceptor STORM DRAIN SYSTEM SD-01 Storm Drop Inlet SD-02 Grate Detail for Storm D.I. SD-03 Storm Drain Manhole Detail SD-04 Standard Drywell Drainage Unit SD-05 Storm Drain Junction Structure SD-06 Standard Manhole over Pipe SD-07 Standard Transition Structure SD-08 PCC Collar Connection SD-09 French Drain Detail SD-10A Standard Drainage Basin SD-10B Drainage Basin Details SD-10C Catch Basin Details SD-11 Curb Drain under Sidewalk SD-12A Storm Drainage Standard Design SD-12B Storm Drainage Standard Design STREET LIGHTING L-01 Standard Streetlight L-02A Streetlight Location L-02B Streetlight Location L-03 Grounding Electrode System L-04 Conduit Trench Detail L-05 Streetlight Notes TRAFFIC TC-01 Left Turn Pocket & Median Opening TC-02 Street Sign Location TC-03 Street Sign Installation TC-04 Street Sign Details TC-05 Street Sign on Streetlight Pole TC-06 Stop Sign Installation TC-07 Transition Barricade Detail TC-08 Road End Barricade Detail TC-09 Off Street Parking Standard Requirement TC-10 Off Street Parking Details TC-11 Disable/Accessible Parking – Single Stall 8 TC-12 Disable/Accessible Parking – Double Stalls TC-13 Disable/Accessible Parking Signs TC-14 Disable/Accessible Parking – General Notes LANDSCAPE AND IRRIGATION LS-01 Root Barrier Detail LS-02 Tree Staking Detail LS-03 Residential & Right-Of-Way Plantings LS-04 Bubbler Installation Details LS-05 Irrigation Ball Valve Assembly Detail LS-06 Remote Control Valve Assembly Detail LS-07 Standard Quick Coupler Valve Assembly Detail LS-08 Drip Emitter Assembly Detail LS-09 Drip Valve Assembly LS-10 Sleeving Detail LS-11 Trenching Detail LS-12 Pop-Up Spray Heads LS-13 Backflow Preventer Assembly Detail LS-14 Controller Assembly Installation LS-15 Standard Controller Assembly LS-16 Centralized Controller High Antenna Assembly LS-18 Master Valve/Flow Sensor LS-18 Concrete Mow Strip Detail FENCING F-01 Standard Fence Details F-02 Typical High Fence with Barbed Wire F-03 Typical High Fence without Barbed Wire F-04 Typical Swing Gates with Barbed Wire F-05 Typical Swing Gates without Barbed Wire F-06 Typical Round & Square Fence Post Details REFUSE R-01 Refuse & Recycle Bin Enclosure R-02 Refuse & Recycle Bin Enclosure Details MISCELLANEOUS M-01 Boring Standard M-02 Survey Monument M-03 Bollard Detail 9 C - 1 HAPTER GENERAL PROVISIONS 1-1 DEFINITIONS AND TERMS Wherever in these specifications the following terms are used (or in documents or instruments where these specifications govern) the intent and meaning shall be interpreted as provided in this section. Working titles with a masculine gender, such as “workman” and “journeyman” and the pronoun “he” are used in these specifications and, for the sake of brevity, refer to all, regardless of gender. AAPCC – American Association of Poison Control Centers AASHTO – American Association of State Highway Transportation Officials ACT OF GOD - A natural event, not preventable by any human agency, such as flood, storms, or lightning. Forces of nature that no one has control over, and therefore cannot be held accountable. AGREEMENT - See Contract. ASTM - American Society for Testing and Materials AWWA - American Water Works Association ADDENDA - Written or graphic instruments issued prior to the opening of bids which clarify, correct or alters the bidding documents. Also applies to contract documents. BID - The offer of a proposal from a bidder, submitted on a City-approved form, setting the prices for the work to be performed. BIDDER - Any individual, firm or corporation submitting a proposal for work, acting directly or through a duly authorized representative. BIDDER’S GUARANTY - Cash, certified check, cashiers check or bond submitted by a bidder as a guaranty that the bidder will enter into a contract with the City of Ceres for work, if awarded to the bidder. BOND (SURETY) - A bond issued by an entity on behalf of a second party, guaranteeing that the second party will fulfill an obligation or series of obligations to a third party. In the event that the obligations are not met, the third party will recover its losses via the bond. 10
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