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CITY OF SUNNY ISLES BEACH Bid No. 01-09-01 Page No. 8 PARKS/1VIEDIANS/RIGHT-OF-WAY MAINTENANCE INVITATION TO BID ADDITIONAL INSURED: CITY OF SUNNY ISLES BEACH 17070 Collins Avenue, Suite 250 Sunny Isles Beach, FL 33160 5.1: Comprehensive automobile liability insurance covering all owned, non -owned, rented, hired or borrowed vehicles used in connection with the award, in an amount not less that S 1,000,000.00 combined single limit per occurrence for bodily injury and property damage. The City of Sunny Isles Beach shall be named as additional insured. 5.1.2: All insurance shall be issued by companies rated A:7 or better per A.M. Best's Key Rating Guide, latest edition and authorized to issue insurance in the State of Florida. It shall be the responsibility of the vendor 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 vendor, 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 Insurance Manager within 30 days prior to cancellation of such policies. This requirement shall be reflected on the Certificate of Insurance. 5.1.3: 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 within thirty (30) days of awarding without further City Commission action. The bidder hereby holds the City harmless and agrees to indemnify City and covenants not to sue the City by virtue of such rescission. fi 5.1.4: COPYRIGHTS AND/OR PATENT RIGHTS: Bidder warrants that there has been no violation of copyrights or patent rights in manufacturing, producing or selling of goods shipped or ordered, as a result of this bid. The seller agrees to indemnify City from any and all liability, loss or expense occasioned by any such violation. 5.1.5: UNDISCLOSED CONDITIONS: In the event that undisclosed conditions are discovered during the performance of this Agreement, the City shall have the right to cancel this Agreement upon thirty (30) days written notice to contractor. Upon termination, the City may re -bid the project if the contractor fails to perform under this Agreement due to the undisclosed conditions.