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These vendors shall then be deemed to be pre-qualified to participate in subsequent spot market purchases as required by the City on either an as-needed or on a periodic basis. When such spot market purchases are initiated, the pre-qualified vendors shall be invited to offer a fixed price for a specific individual purchase, or a specific purchasing period. The vendor then offering the lowest fixed price shall be awarded for the specific period or specific purchase. The award to one vendor for a specific period or individual action does not preclude the remaining pre-qualified vendors from submitting spot market offers for other specific purchases. It shall be the sole prerogative of the City as to the number of vendors who will be initially included under this contract. During the term of this contract, the City reserves the right to add or delete vendors as it deems necessary in its best interests. If the City elects to add vendors, they must meet the same minimum qualifications established for the original competition. 2.6 PRICE If the Proposer is awarded a contract under this solicitation, the discounts proposed by the proposer shall remain fixed and firm during the Initial term of contract and each subsequent renewal. 2.7 PERFORMANCE BOND Intentionally Omitted 2.8 DELIVERY All bidders shall quote prices based on F.O.B. Destination and shall hold title to the goods until such time as they are delivered to, and accepted by, an authorized City representative 2.9 INDEMNIFICATION Comprehensive General Liability with minimum limits of One Million Dollars ($1,000,000.00) per occurrence combined single limit for Bodily Injury Liability and Property Damage Liability. Coverage must be afforded on a form no more restrictive than the latest edition of the Comprehensive General Liability policy, without restrictive endorsements, as filed by the Insurance Services Office, and must include: o Premises and Operation o Independent Contractors o Products and/or Completed Operations Hazard o Broad Form Property Da mage o Broad Form Contractual Coverage applicable to this specific Contract, including any hold harmless and/or indemnification agreement. o Personal Injury Coverage with Employee and Contractual Exclusions removed, with minimum limits of coverage equal to those required for Bodily Injury Liability and Property Damage Liability. City of Sunny Isles Beach I Request for Proposal No. 12-01-05