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12 <br />CITY OF SUNNY ISLES BEACH <br />18070 Collins Ave. | Sunny Isles Beach, FL 33160 <br />305.792.1707 | sibfl.net | Purchasing@sibfl.net <br />CITY OF SUNNY ISLES BEACH <br />18070 Collins Ave. | Sunny Isles Beach, FL 33160 <br />305.792.1707 | sibfl.net | Purchasing@sibfl.net <br />Should the Contractor fail to complete requirements set forth in this scope of work, the City will suffer <br />damage. The amount of damage suffered by the City is difficult, if not impossible, to determine at this time. <br />Therefore, the Contractor shall pay the City, as liquidated damages, the following: <br />a.The Contractor shall pay the City, as liquidated damages, $1,000.00 per calendar day of delay <br />to mobilize in the City with the resources required to begin debris removal operations within <br />seventy-two (72) hours of being issued Notice to Proceed. <br />b.The Contractor shall pay the City, as liquidated damages, $500.00 per load of disaster debris <br />collected in the City that is not disposed of at a City approved DMS or City approved Final Disposal <br />Site and/or any associated fines levied by a third party. <br />Application of liquidated damages does not release the Contractor of all liability associated with <br />hauling and depositing material to an unauthorized location. <br />The amounts specified above are mutually agreed upon as a reasonable and proper amount of <br />damage the City should suffer by failure of the Contractor to complete requirements set forth in <br />the scope of work. <br />2.10 PERFORMANCE AND PAYMENT BOND <br />This is a Standby / Pre-Event Agreement. Upon activation of a task order by the City, the Contractor will be <br />required to provide Performance and Payment Bonds within three (3) calendar days of a written ‘Notice to <br />Proceed’ by the City, each Bond shall be the amount equal to the total one hundred percent (100%) of the <br />amount of the contract. Once activated, the Payment and Performance Bonds shall be in force for a period <br />of not less than one (1) year from the date of original execution by the Bond Surety. Bonds shall be executed <br />by the Contractor and surety company authorized to do business in the State of Florida with an A.M. Best <br />rating of “A-“ (Excellent) or better, which bond shall be conditioned upon the successful completion of all <br />work, labor, services, materials to be provided and furnished, and the payment of all subcontractors, <br />materials and laborers. If the value of the contracted work increases, the Contractor shall be required to <br />provide an updated Performance and Payment Bond in an amount equal to the new value. <br />Bidder MUST include with their proposal response, a letter from their bonding company / surety <br />authorized to do business in the State of Florida, in the amount of One Million Dollars ($1,000,000.00) <br />that guarantees that the proposing bidder will be able to provide Performance and Payment Bonds at <br />the time of an event. Contractors shall factor the annual cost of a Performance and Payment Bond into <br />their administrative costs when responding to this proposal. The City will not waive this requirement. <br />2.11 INSURANCE REQUIREMENTS <br />The Contractor, and its subcontractors, assignees and suppliers, at its own expense, shall keep in force <br />and at all times maintain during the term of this Agreement: <br />2.11.1 Comprehensive General Liability <br />Comprehensive General Liability with minimum limits of Two Million Dollars ($2,000,000.00) per occurrence <br />combined single limit for Bodily Injury Liability and Property Damage Liability. Coverage must be afforded <br />on a form no more restrictive than the latest edition of the Comprehensive General Liability policy, without <br />restrictive endorsements, as filed by the Insurance Services Office, and must include: