Reso 2016-2525 - Laserfiche WebLink

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ARTICLE 4. PAYMENT AND PERFORMANCE BOND 4.1 In accordance with Section 5.1 of the General Conditions at Exhibit"A"and Section SGC- 5.1 of the Supplementary General Conditions at Exhibit "B", Contractor shall not perform Work under this Agreement until it has delivered to the City a Performance Bond and a Payment Bond requiring that Contractor furnish a Performance and Payment Bond in the amount of 100% of the total Contract Price with the City named as the Obligee, as security for the faithful performance of this Agreement and for the payment of all persons performing labor or furnishing materials in connection with Work under this Agreement. 4.2 Pursuant to the requirements of Section 255.05(1)(a), Florida Statutes, as may be amended from time to time, Contractor shall ensure that the Bond(s) are recorded in the Official Records of Miami-Dade County and provide the City with evidence of such recording. ARTICLE 5. INSURANCE The Contractor shall obtain and maintain insurance as set forth in Section 5.2 of the General Conditions at Exhibit "A" and Section SGC-5.2 of the Supplementary General Conditions at Exhibit "B". ARTICLE 6. INDEMNIFICATION The Contractor shall indemnify, defend and hold harmless the City pursuant to the provisions set forth in Section 6.13 of the General Conditions at Exhibit "A" and Section SGC-6.13 of the Supplementary General Conditions at Exhibit "B". ARTICLE 7. TERMINATION OF AGREEMENT BY CITY The City shall have the right to terminate this Agreement with or without cause pursuant to Sections 15.2 and 15.3 of the General Conditions at Exhibit "A" and the conditions described herein. 7.1 Termination for Cause. Specifically, in the event of default by Contractor, the City may provide Ten (10) days written notice to Contractor, notifying Contractor of the City's intent to terminate the Agreement and providing the Contractor with an opportunity to cure the default within this Ten (10) day period. It shall be considered a default by the Contractor whenever Contractor shall (1) declare bankruptcy, become insolvent, or assign its assets for the benefit of its creditors; (2) fail to provide materials or workmanship meeting the requirements of the Contract Documents; (3) disregard or violate any provisions of the Contract Documents or Engineer of Record's or City's designated representative's instructions; (4) fail to prosecute the Work according to the approved progress schedule; or (5) fail to provide a qualified superintendent, competent workmen, or materials or equipment meeting the requirements of the Contract Documents. If the Contractor fails to remedy the conditions constituting default within the time allowed, the City may then issue the notice of termination for cause. 7.2 Termination for convenience. The City may also terminate this Agreement without cause, and for any or no reason, at any time during the term of this Agreement upon Ten(10) days rj