FORD OF MIDWAY MALL BID - Laserfiche WebLink

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")' SOF sot, W, The vendor agrees that if any part of the Work under the Contract is sublet, they will require the Sub-vendor(s) to carry insurance as required, and that they will require the Sub- vendor(s) to furnish to them insurance certificates similar to those required by the City in this section. 2.1.1 Cancellation and Re -Insurance: If any insurance should be canceled or changed by the insurance company or should any insurance expire -during the period of this contract, the Contractor shall be responsible for securing other acceptable insurance for the coverage specified in this section in order to maintain coverage during the life of this Contract. All deductibles must be declared by the Contractor and must be approved by the City. At the option of the City, either the Contractor shall eliminate or reduce such deductible or the Contractor shall procure a Bond, in a form satisfactory to the City, covering the same. 2.11.2 Garage Liability coverage for Garage Operations with minimum limits of not less than One Million Dollars ($1,000,000) per occurrence. Garage keeper's Legal Liability with minimum limits of not less than One Million Dollars ($1,000,000) per occurrence • Waiver of Subrogation on behalf of the city. • The City of Sunny Isles Beach named as Additional Insured. • Coverage to be provided on a Non-contributory and Primary format. Workers' Compensation in accordance with Florida Statute including $1,000,000 Employers' Liability form. Waiver of Subrogation on behalf of the City of Sunny Isles. Beach. A $5,000,000 Umbrella/Excess Liability policy over and above all of the coverage forms mentioned above. 2.12 MONTHLY INVOICES PAYMENTS Cut-off date is the close of the last business day of the month. Contractor shall submit by the 10th day of the following month Contractor's completed Statement of Services/Invoice. Should the 10th fall on a weekend or holiday, Contractor shall submit his application on the next workday. Contractor is advised that processing of invoices must follow this schedule, as the City has funding requirements and other payment obligations which may prevent payment of late Statement of Services for that month's billing cycle. A late Statement of Services with a recommendation for payment will be paid in the next month's billing cycle. City of Sunny Isles Beach I Invitation to Bid No. 22-08-01