Laserfiche WebLink
<br />City of Sunny Isles Beach |ITB No. 15-12-02 11 <br /> <br />If the vendor is awarded a contract under this solicitation, the prices proposed by the vendor shall <br />remain fixed and firm during the then existing term of contract. <br /> <br />2.7 PERFORMANCE BOND <br /> <br />The City of Sunny Isles Beach shall require the successful Bidder to furnish a Performance Bond in <br />the amount of 100% of the total Bid Price, with the City of Sunny Isles Beach as the Obligee, as <br />security for the faithful performance of the Contract and for the payment of all persons performing <br />labor or furnishing materials in connection herewith within ten (10) calendar days after notification <br />of the award by the City. The Performance Bond shall continue in effect through the contract <br />term(s). The bonds shall be with a surety company authorized to do b usiness in the State of Florida <br />and having been in business with a record of successful continuous operation for at least five (5) <br />years. <br /> <br />2.8 BID BOND <br /> <br />Intentionally Omitted <br /> <br />2.9 DELIVERY <br /> <br />Intentionally Omitted <br /> <br />2.10 INSURANCE <br /> <br />Upon City’s notification, the Firm shall furnish to the City Manager or his designee a Certificate of <br />Insurance. This Certificate must outline The City as an additional insured and indicate <br />that insurance coverage has been obtained, which meet the requirem ents as outlined <br />below: <br />2.10.1 Comprehensive General Liability Insurance <br />Comprehensive General Liability with minimum limits of One Million Dollars <br />($1,000,000.00) per occurrence combined single limit for Bodily Injury Liability and <br />Property Damage Liability. Coverage must be offered in a form no more restrictive than <br />the latest edition of the Comprehensive General Liability policy, without restrictive <br />endorsements, as filed by the Insurance Services Office, and shall specifically include the <br />following with minimum limits not less than those required for Bodily Injury Liability and <br />Property Damage Liability: <br /> Premises and Operation; <br /> Independent Contractors; <br /> Products and/or Completed Operations Hazard; <br /> Broad Form Property Damage; <br /> Broad Form Contractual Coverage applicable to this specific Contract, including <br />any hold harmless and/or indemnification agreement.