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M. Insurance. <br />RedSpeed shall not commence Services until it has provided evidence satisfactory to the <br />City that it has secured all insurance pursuant to Exhibit B. In addition, RedSpeed shall not allow <br />any Subcontractor to commence work on any subcontract until it has provided evidence <br />satisfactory to the City that the Subcontractor has secured all insurance pursuant to Exhibit B. <br />N. Safety. <br />RedSpeed shall execute and maintain its work so as to avoid injury or damage to any person <br />or property. In carrying out its Services, RedSpeed shall at all times be in compliance with all <br />applicable local, state and federal laws, rules and regulations, and shall exercise all necessary <br />precautions for the safety of employees appropriate to the nature of the work and the conditions <br />under which the work is to be performed. <br />O. Accounting; Records. <br />RedSpeed shall maintain complete and accurate records with respect to all costs and <br />expenses incurred under this Agreement. All such records shall be clearly identifiable. RedSpeed <br />shall allow a representative of City during normal business hours to examine, audit, and make <br />transcripts or copies of such records and any other documents created pursuant to this Agreement. <br />RedSpeed shall allow inspection of all work, data, documents, proceedings, and activities related <br />to this Agreement for a period of 3 years from the date of final payment under this Agreement. <br />5. FEES AND PAYMENTS. <br />A. Description of Pricing; Fee includes all costs required and associated with SPE system <br />installation, maintenance and ongoing field and back-office operations. Includes camera <br />equipment, installation, maintenance, Rekor (or other major brand ALPR provider) licenses and <br />integration, violation processing services, DMV records access, standard mailing of required <br />documents, lockbox and credit card processing services, call center support for general program <br />questions, public awareness program support, and access to web -based SPE System for Traffic <br />Enforcement Officer review: <br />B. During any term of the Agreement, the City shall receive or retain $39.00 or 65% <br />whichever is greater of the Statutory monetary Allocation (this amount/percentage pertains to each <br />fine collected by RedSpeed). RedSpeed shall receive the lesser of $21.00 or 35% of the City's <br />Statutory monetary Allocation for each paid citation. <br />C. Payment of Compensation. City shall review all invoices and pay all approved charges <br />thereon consistent with Section 218.73, Florida Statutes, as amended. <br />Page 6 of 31 <br />