INVITATION TO BID 25-04-01 BELLA VISTA SEAWALL CONSTRUCTION REPLACEMENT

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16 ITB 25-04-01 BELLA VISTA SEAWALL REPLACEMENT CITY OF SUNNY ISLES BEACH 18070 Collins Ave. | Sunny Isles Beach, FL 33160 305.792.1707 | sibfl.net | Purchasing@sibfl.net on “All Risk” basis during transit and installation. The policy must be issued with a deductible of not more than $50,000 per claim. • Waiver of Subrogation: All insurance policies supplied shall include a waiver of any right of subrogation, as allowed by law, of the insurers there under against the City of Sunny Isles Beach and all its employees, insurers and underwriters, at least as broad as form CG 24 04 05 09 or equivalent. The waiver of subrogation required for all insurance policies provided shall not include any restrictions relative to negligence or injuries resulting to employees of Contractor or its sub- Contractors. 2.11.5. Cancellation and Re-Insurance It shall be the responsibility of the bidder and insurer to notify the City Manager of the City of Sunny Isles Beach of cancellation, lapse, or material modification of any insurance policies insuring the Proposers, which relate to the activities of such vendor and the City of Sunny Isles Beach. Such notification shall be in writing, and shall be submitted to the City finance support service director thirty (30) days prior to cancellation of such policies. This requirement shall be reflected on the certificate of insurance. Failure to fully and satisfactorily comply with the city's insurance and bonding requirements set forth herein will authorize the City Manager to implement a rescission of the Bid award without further City Commission action. NOTE: THE CITY OF SUNNY ISLES BEACH, CONTRACT NUMBER AND TITLE MUST APPEAR ON EACH CERTIFICATE OF INSURANCE. THE CITY OF SUNNY ISLES BEACH MUST BE SHOWN AS AN ADDITIONAL INSURED WITH RESPECT TO THIS COVERAGE. 2.12 PROGRESS PAYMENTS Progress payments shall be considered based upon the Contractor’s Applications for Payment submitted to the Project Manager and upon Certificates for Payment subsequently issued to the City by the Project Manager. The City shall make progress payments to the Contractor on account of the Contract Price subject to the terms and conditions in the resultant Agreement. Each invoice or payment application must be accompanied by all supporting documentation and other information reasonably requested by City, including, but not limited to a Partial Release of Lien or Final Release of Lien as appropriate in the forms set forth in Chapter 713.20, Florida Statutes. Reference herein to Chapter 713, Florida Statutes is for convenience, and shall not be construed as a waiver of sovereign immunity or authority for imposition of liens against public property. Each progress payment shall be reduced by five percent (5%) retainage. Subject to other requirements of the Contract Documents, retainage shall be released after final completion of the Work and City’s receipt of acceptable reports and other documentation including certification of payment to subcontractors, if any, and a Final Release of Lien in the form set forth in Section 713.20, Florida Statutes.