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<br /> <br />12 <br /> <br />CITY OF SUNNY ISLES BEACH <br />18070 Collins Ave. | Sunny Isles Beach, FL 33160 <br />305.792.1707 | sibfl.net | Purchasing@sibfl.net <br />2.8 LIQUIDATED DAMAGES <br /> <br />Failure to complete all the work within the time specified above, including any extension granted <br />in writing by the City, shall obligate the Contractor to pay the City, as liquidated damages and not <br />as a penalty, a minimum amount equal to One Hundred Dollars ($100) for each calendar day of <br />delay in the completion of all the work. The liquidated damages will be defined per project. If any <br />liquidated damages are unpaid by the Contractor, the City shall be entitled to deduct these unpaid <br />liquidated damages from the monies due the Contractor. <br /> <br />2.9 FIRM BID PRICE <br /> <br />If the Bidder is awarded a contract under this solicitation, the prices proposed by the Bidder shall <br />remain fixed and firm during the term of the contract, as defined in section 2.5 <br /> <br />2.10 PERFORMANCE AND PAYMENT BOND <br /> <br />Intentionally omitted. <br /> <br />2.11 DELIVERY & PROTECTION OF MATERIAL AND EQUIPMENT <br />Requirements warrant that lead-times for furnishing of equipment and supplies will need to be <br />considered to accommodate the projects. Due to long fabrication and delivery lead times, <br />Contractor must have equipment and materials on hand to maintain orderly progress of the Work. <br /> <br />2.12 INSURANCE <br /> <br /> Comprehensive General Liability Insurance <br />General Liability for Bodily Injury & Property Damage with limits of $1,000,000 per occurrence <br />and $2,000,000 annual aggregate on a primary and non-contributory basis, including the City of <br />Sunny Isles Beach as Additional Insured, with a Waiver of Subrogation to the City and a Hold <br />Harmless Agreement. Coverage must be offered in a form no more restrictive than the latest <br />edition of the Comprehensive General Liability policy, without restrictive endorsements, as filed <br />by the Insurance Services Office, and shall specifically include the following with minimum limits <br />not less than those required for Bodily Injury Liability and Property Damage Liability: <br />• Premises and Operation; <br />• Independent Contractors; <br />• Products and/or Completed Operations Hazard; <br />• Broad Form Property Damage; <br /> Broad Form Contractual Coverage applicable to this specific Contract, including <br />any hold harmless and/or indemnification agreement. <br />• Personal Injury Coverage with Employee and Contractual Exclusions removed, <br />with minimum limits of coverage equal to those required for Bodily Injury Liability and <br />Property Damage Liability.