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<br />Section 2 <br />Special Terms and Conditions <br /> <br />2.1 PURPOSE OF BID: <br /> <br />The City of Sunny Isles Beach (the "City") intends to secure the services of a qualified Property & <br />Casualty Comprehensive Insurance and other required insurances. It is the intent of this proposal <br />document that all work shall result in compliance with the specifications documents and all <br />regulatory requirements applicable to such service. <br /> <br />2.2 PRE-BID CONFERENCE (NON-MANDATORY): <br /> <br />Intentionally Omitted <br /> <br />2.3 TERM <br /> <br />This contract will commence on the first calendar day of the month succeeding approval of the <br />contract by the City Commission, or designee, unless otherwise stipulated in the Notice of Award <br />letter, which is distributed by the City's Purchasing Agent; and contingent upon the completion <br />and submittal of all required proposal documents. This contract shall remain in effect for one (1) <br />year; provided that the services rendered by the Proposer during the contract period are <br />satisfactory . <br /> <br />2.4 OPTIONS TO RENEW <br /> <br />Prior to, or upon completion, of that initial term, the City shall have the option at its sole <br />discretion to renew this contract for an additional four (4) one year renewals. <br /> <br />2.5 METHOD OF AWARD <br /> <br />See section 4 <br /> <br />2.6 PRICE <br /> <br />Prices shall remain fixed and firm through the term of the contract <br /> <br />2.7 PERFORMANCE BOND <br /> <br />Intentionally Omitted <br /> <br />2.8 DELIVERY <br /> <br />Intentionally Omitted <br /> <br />2.9 INSURANCE <br /> <br />Intentionally Omitted <br /> <br />2.10 MONTHLY INVOICES PAYMENTS <br /> <br />Cut-off date is the close of the last business day of the month. Proposer shall submit by the 10th <br /> <br />PAGE 12 OF 24 <br />BID No. 11-08-01 <br />