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<br />City of Sunny Isles Beach |Request for Qualifications No. 18-11-01 10 <br /> <br /> <br />2.4 OPTIONS TO RENEW <br /> <br />The initial contract term shall be for two (2) years. The City, at its sole option, may renew the <br />contract for two (2) one-year renewal terms. Exercising the option to renew is at the sole discretion <br />of the City. <br /> <br />2.5 METHOD OF AWARD <br /> <br />Refer to Section 4 <br /> <br />2.6 PERFORMANCE BOND <br /> <br />Intentionally Omitted <br /> <br />2.7 PAYMENT BOND <br /> <br />Intentionally Omitted <br /> <br />2.8 BID BOND <br /> <br />Intentionally Omitted <br /> <br />2.9 DELIVERY <br /> <br />Intentionally Omitted <br /> <br />2.10 INSURANCE <br /> <br />Upon City’s notification, the Firm shall furnish to the City Manager or his designee, <br />Certificates of Insurance that indicate that insurance coverage has been obtained, which meet the <br />requirements as outlined below: <br /> <br />2.10.1 Comprehensive General Liability Insurance <br /> <br />Contractor shall be required to purchase, maintain, and keep in full force, effect, and good <br />standing, Comprehensive General Liability with primary limits of One Million Dollars <br />($1,000,000) per occurrence and Two Million Dollars ($2,000,000) aggregate during the <br />initial and any renewal term of this Agreement. Coverage must be afforded on a form no <br />more restrictive than the latest edition of the Comprehensive General Liability policy, <br />without restrictive endorsements, as filed by the Insurance Services Office, and must <br />include: <br /> <br /> Premises and Ongoing Completed Operations – on a primary and non-contributory <br />basis including waiver of subrogation on behalf of the City of Sunny Isles Beach. <br /> Independent Contractors