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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />a. The Surety Company shall have at least the following minimum <br />ratings: <br /> <br />Amount of Bond <br />Cateqorv <br />100,000 to 1,000,000 B++ <br />1,000,001 to 2,000,000 A- <br />2,000,001 to 5,000,000 A <br /> <br />Policvholder's Ratinq <br /> <br />Financial Size <br /> <br />Class V or higher <br />Class VI or higher <br />Class VII or higher <br /> <br />b. All Surety Companies are subject to review and approval by the <br />Owner and may be rejected without cause. All bonds signed by an <br />Agency must be accompanied by a certificate of authority to act. <br /> <br />15.5 The Surety Company shall submit verification from the Department of <br />Insurance Office of the Treasurer stating the surety company's license and <br />certificate of authorization to do business in the State of Florida. <br /> <br />16. SUBCONTRACTOR LIST <br /> <br />16.1 In conjunction with the Bid Form, Bidder shall submit a list of names of the <br />subcontractors and major material suppliers proposed for the principal <br />portions of the Work. Submit list on form provided by the Architect. <br /> <br />16.2 Prior to award of Contract, the Owner will notify the Bidder in writing if they <br />have an objection to any person or entity listed. Upon such reasonable <br />objection, the Bidder shall propose an acceptable substitute person or <br />entity in accordance with Article 6.06 of the General Conditions. <br /> <br />17. BID PROTEST <br /> <br />17.1 In the event of a timely protest, the City Manager or his/her designee shall <br />stay the award of the contract unless, after consulting with the City <br />Attorney and the affected director, he/she determines that the award of the <br />contract without delay is necessary to protect substantial interests of the <br />Owner. <br /> <br />17.2 The city shall require a deposit from a protester to compensate the Owner <br />for the expenses of administering the protest. If the protest is decided in <br />the protester's favor, the entire deposit shall be returned to the protester. If <br />the protest is not decided in the protester's favor, the deposit shall be <br />forfeited to the Owner. The deposit shall be in the form of a cashier's <br />check and shall be in the amount of 1 % of the amount of the pending <br />award, with a minimum deposit of $500 and a maximum deposit of <br />$10,000. <br /> <br />04/08 Final Version <br /> <br />00100-7 <br /> <br />