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<br />City of Sunny Isles Beach |Invitation to Bid No. 14-10-02 11 <br /> <br />The City reserves the right to reject any price adjustments submitted by the Proposer and/or to <br />not exercise any otherwise available option period based on such price adjustments. Continuation <br />of the contract beyond the initial period, and any option subsequently exercised, is a City <br />prerogative, and not a right of the Proposer. This prerogative wi ll be exercised only when such <br />continuation is in the best interest of the City. <br /> <br />Should the Proposer decline the City’s right to exercise the option period, the City may consider <br />the Proposer in default which decision may affect that Proposer’s eligibilit y for future contracts. <br /> <br />NOTE: IF MULTIPLE PROPOSERS ARE INVOLVED UNDER THE GIVEN CONTRACT, ANY <br />OPTIONS TO RENEW WILL BE RESTRICTED TO THE SPECIFIC ITEMS OF WORK <br />INITIALLY AWARDED TO ANY SPECIFIC PROPOSER. <br /> <br /> <br />2.5 METHOD OF AWARD: <br />The contract will be awarded to the lowest responsible and responsive bidder whose bid best serves <br />the interest of and represents the best value to the City in conformity with section 62 -8 of the City <br />code. <br /> <br />2.6 PRICE: <br />Prices shall remain fixed and firm through the term of the contract. <br /> <br />2.7 PERFORMANCE BOND: <br />Intentionally Omitted <br /> <br />2.8 BID BOND <br />Intentionally Omitted <br /> <br />2.9 DELIVERY: <br />Intentionally Omitted <br /> <br />2.10 INSURANCE: <br />2.10.1 Comprehensive General Liability Insurance <br />Comprehensive General Liability with minimum limits of One Million Dollars <br />($1,000,000.00) per occurrence combined single limit for Bodily Injury Liability and <br />Property Damage Liability. Coverage must be offered in a form no more restrictive than <br />the latest edition of the Comprehensive General Liability policy, without restrictive <br />endorsements, as filed by the Insurance Services Office, and shall specifically include the <br />following with minimum limits not less than those required for Bodily Injury Liability and <br />Property Damage Liability: <br /> Premises and Operation; <br /> Independent Contractors; <br /> Products and/or Completed Operations Hazard;