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Reso 2020-3052
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Reso 2020-3052
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Last modified
2/25/2021 9:27:08 AM
Creation date
2/21/2020 3:19:44 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2020-3052
Date (mm/dd/yyyy)
02/20/2020
Description
Approve 1st Amend w/PFM Financial Advisors for Financial Consulting Svcs
Supplemental fields
Expiration Date
2/20/2022
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• <br /> • <br /> r1 lA TI-DA DE COUNTY,FLORIDA Contract No.RFQO00O8 <br /> Florida Statute 440- <br /> 2. Public Liability insurance on a comprehensive basis in an amount not less than <br /> $300,000 combined single limit per occurrence for bodily injury and property damage. • <br /> Miami-Dade County must be shown as an additional insured with respect to this <br /> • coverage. The mailing address of Miami-Dade County 111 N.W. 1st Street, Suite <br /> 1300, Niiarni, Florida 33128-1974, as tho certificate holder, must appear on the <br /> certificate of insurance, <br /> 3. Automobile Liability Insurance covering all owned, non-owned, and hired vehicles used <br /> in connecticm with the Services, in an amount not less than $300,0-00 combined single <br /> limit per occurrence for bodily injury and property damage. • <br /> 4. Professional Liability Insurance in en amount not less than$1,000,000. • <br /> The company must be rated no less than "A-"as to management, and no less than "Class Vit" <br /> as to financial strength by A.M. Best Company, Cldwick, New Jersey, or its equivalent, subject <br /> to the approval of the County Risk Management Division. <br /> OR <br /> The company must hold a valid Florida Certificate of Authority as shown in the latest"List of Ali <br /> Insurance Companies Authorized or Approved to Do Business in Honda", issued by the State of <br /> Florida Department of Financial Services and are members of the Florida Guaranty Fund. <br /> Compliance with the foregoing requirements shall not relieve the Contractor of this ability and <br /> obligation under this section or under any ether section in this Agreement. <br /> Award of this Contract Is contingent upon the receipt of the insurance documents, as required, <br /> within ten (10) business days. if the insurance certificate is received within the -specified <br /> timeframe but not in the reamer prescribed in this Agreement, the Contractor shell have an <br /> additional five (5) business days to submit a corrected certificate to the County. if the <br /> Contractor fails to submit the required insurance documents in the manner prescribed in this <br /> • Agreement viithin fifteen (15) business days, the Contractor shall he in default of the contractual <br /> terms and conditions and award of the Contract may be rescinded, unless such iirnefrsnie for <br /> submission has been extended by the County. <br /> The Contractor shall be responsible for ensuring that the insurance certificates required in - <br /> conjunction with this Section remain in force for the duration of the contractual period of the <br /> Contract, including any and all option years or extension periods that may he granted by the <br /> County- ff insurance certificates are scheduled to expire during the contractual period, the <br /> Contractor shall de responsible for submitting new or renewed insurance certificates to the <br /> County at a minimum of thirty (30) calendar days in advance of such expiration. In the event <br /> that expired certificates are not replaced with new or renewed certificates which cover the <br /> contractual period,the County shalt suspend the Contract until such time as the new or renewed <br /> certificates are received by the County in the manner prescribed herein; provided, however,that <br /> this suspended period does not exceed thirty (30) calender days. Thereafter, the County may,. <br /> at its sole discretion;terminate this contract. <br /> ARTICLE 'It MANNER OF PERFORMANCE <br /> a) The Contractor shall provide the Services described herein in a competent and <br /> Page 7 of 25 <br /> Rev.5118/14 --' - <br /> 2 - <br />
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