Reso 2018-2831 - Laserfiche WebLink

Home Browse Search

whether performed by Contractor, or persons employed or utilized by Contractor. 26.3 This indemnity will survive the cancellation or expiration of this Agreement. This indemnity will be interpreted under and construed to conform to the laws of the State of Florida. 26.4 Contractor shall require all Sub-Contractor agreements to include a provision that they shall indemnify the City. ARTICLE 27. INSURANCE REQUIREMENTS 27.1_ Contractor shall not start Work under this Agreement until it has delivered to the City certificates of insurance clearly indicating that the Contractor is in compliance with the Insurance Requirements required by Section 2.12 of ITB No. 18-04-01 which is incorporated herein by reference. 27.2 Contractor shall maintain coverage with equal or better rating as required herein for the term of this Agreement. Contractor shall provide written notice to the City Manager or his designee of any material change, cancellation and/or notice of non-renewal of the insurance at least 30 (thirty) days prior to the anticipated change or event. Contractor shall furnish a copy of the insurance policy or policies upon request of the City Manager or his designee. 27.3 Contractor shall furnish copies of insurance policies pertaining to this Agreement to the City Manager or his designee within ten(10)days of written request. If the initial insurance expires prior to the completion of the Work, renewal copies of policies shall be furnished at least thirty (30) days prior to the date of their expiration. 27.4 The City reserves the right to require modifications, increases,or changes in the Insurance Requirements, and shall provide a thirty (30) day written notice thereof to the Contractor. ARTICLE 28. PAYMENT AND PERFORMANCE BOND 28.1 Performance and Payment Bond. Contractor shall provide the following performance and payment bond in connection with the Work. 28.2 The Contractor shall furnish a Performance and Payment Bond within ten (10) calendar days after issuance of the Notice of Award by the City in an amount of Six Hundred Ninety Four Thousand Nine Hundred Dollars (5694,900.00) guaranteeing to City the full payment of all suppliers, material, laborers, or Sub-Contractors employed pursuant to the Work described in this Agreement. The Performance and Payment Bond shall be with a Surety company meeting the qualifications of the Contract Documents. The Performance and Payment Bond shall continue in effect for one and one half years after final completion and acceptance of the Work described in this Agreement. Pursuant to the requirements of Section 255.05(1), Florida Statutes, Contractor shall ensure that the Performance and Payment Bond referenced above shall be recorded in the public records of Miami-Dade County and provide City with evidence of such recording. The Performance and Payment Bond must be executed by a Surety company authorized to do business in the State of Florida as a surety, having a resident agent in the State of Florida and having been in business with a record of successful continuous operation for at least five (5) years. The Surety company shall hold a current certificate of authority as acceptable surety on federal bonds in accordance with the United States Department of Treasury Circular 570, current Revisions. City 17