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ITB 23-03-01 Sunny Isles Beach Central Island Area Drainage Improvement and <br />North Miami Beach Distribution System Watermain Replacements <br />surveys to establish reference points are set forth intheContractDocuments. <br /> <br />9.3 Technical Clarifications and Interpretations: <br />9.3.1 The CITYshall issue, with reasonable promptness, such written clarifications or <br />interpretations of the Contract Documents as it may determine necessary, which <br />shall be consistent with or reasonably inferable from the overall intent of the <br />Contract Documents. Should the CONTRACTOR fail to request interpretation of <br />questionable items in the Contract Documents, the CITY shall not entertain any <br />excuse for failure to execute the Work in a satisfactory manner. <br /> <br />9.3.2 The CITYshall interpretand decidematters concerningperformanceunderthe <br />requirements of the Contract Documents, and shall make decisions on all claims, <br />disputes or other matters in question. Written notice of each claim, dispute or <br />other matter will be delivered by claimant to the other Party but in no event later <br />than five (5) days after the occurrence of the event, and written supporting date <br />will be submitted to the other Party within five (5) days after such occurrence. <br />All written decisions of the CITY on any claim or dispute will be final and binding. <br /> <br />9.4 The CONTRACTOR shall perform all Work to the reasonable satisfaction of the CITY in <br />accordance with the Contract Documents. In cases of disagreement or ambiguity, the CITY <br />shall decide all questions, difficulties, and disputes of whatever nature, which may arise <br />under or by reason of this Agreement or the quality, amount and value of the Work, and <br />the CITY’s decisions on all claims, questions and determination are final. <br />ARTICLE 10– BONDSAND INSURANCE <br />10.1Public Construction and Other Bonds: <br />NTRACTOR shall furnish Public Construction or Performance and Payment Bonds (“Bond”), <br />The CO <br />each in an amount at least equal to the Contract Price as security for the faithful performance and <br />payment of all the CONTRACTOR’s obligations under the Contract Documents. These Bonds shall <br />remain in effect until at least one (1) year after the date of final payment, except as otherwise <br />provided by law. All Bonds shall be furnished and provided by the surety and shall be in <br />substantially the same form as prescribed by the Contract Documents and be executed by such <br />sureties as (i) are licensed to conduct business in the State of Florida, and (ii) are named in the <br />current list of Companies Holding Certificates of Authority as Acceptable Sureties on Federal <br />Bonds and as Acceptable Reinsuring Companies as published in Circular 570 (amended) by <br />the Audit Staff Bureau of Accounts, U.S. Treasury Department and (iii) otherwise meet the <br />requirements set forth herein that apply to sureties. All Bonds signed by an agent must be <br />accompanied by a certified copy of the authority to act. <br /> <br />10.1.1 Performance Bond: The CONTRACTOR shall execute and record in the public records <br />of Dade County, Florida a payment and performance bond in an amount at least <br />equal to the Contract Price with a surety insurer authorized to do business in the <br />State of Florida as surety (“Bond”), in accordance with Section 255.05, Florida <br />Statues (2014) as may be amended or revised, as security for faithful performance <br />and payment of all of the CONTRACTOR’s obligations under the Contract Documents. <br /> <br />PAGE 17OF 38 <br /> <br />