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<br />City of Sunny Isles Beach |Request for Qualifications No. 20-10-01 10 <br /> <br />2.3 OPTIONS TO RENEW <br /> <br />The initial contract term shall be for two (2) years for the professional services. The City, at its sole <br />option, may renew the contract for three (3) one-year renewal terms. Exercising the option to <br />renew is at the sole discretion of the City. <br /> <br />2.4 METHOD OF AWARD <br /> <br />Refer to Section 4 <br /> <br />2.5 PERFORMANCE AND PAYMENT BOND <br /> <br />Intentionally Omitted <br /> <br />2.6 BID BOND <br /> <br />Intentionally Omitted <br /> <br />2.7 DELIVERY <br /> <br />Intentionally Omitted <br /> <br />2.8 INSURANCE <br /> <br />Upon City’s notification, the Firm shall furnish to the City Manager, Certificates of Insurance that <br />indicates that insurance coverage has been obtained for the duration of the contract, and five (5) <br />years after the completion of the construction project, which meet the requirements as outlined <br />below: <br /> <br /> 2.8.1 Comprehensive General Liability Insurance <br /> <br />Contractor shall be required to purchase, maintain, and keep in full force, effect, and good <br />standing, Comprehensive General Liability with primary limits of One Million Dollars <br />($1,000,000) per occurrence and Two Million Dollars ($2,000,000) aggregate during the <br />initial and any renewal term of this Agreement. Coverage must be afforded on a form no <br />more restrictive than the latest edition of the Comprehensive General Liability policy, <br />without restrictive endorsements, as filed by the Insurance Services Office, and must <br />include: <br /> <br />• Premises and Ongoing Completed Operations – on a primary and non-contributory <br />basis including waiver of subrogation on behalf of the City of Sunny Isles Beach. <br />• Independent Contractors <br />• Broad Form Property Damage <br />• Broad Form Contractual Coverage applicable to this specific Contract, including <br />any hold Harmless and/or indemnification agreement. Personal Injury Coverage