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<br />undertake the completion of performance of Services, Contractor agrees to indemnify the City for all costs <br />incurred with respect to the completion of those Services and any damages the City may suffer as a result of <br />the failure of perfonnance by Contractor. <br /> <br />3. COMPENSATION: Payment to Contractor for all charges under this Agreement shall be in <br />accordance with this Agreement and a schedule of charges or tasks reflected in Attachment "A". The total <br />amount of compensation payable by the City to the Contractor shall be an amount uot to exceed <br />$225,140.00. The Contractor shall make no other charges to the City for supplies, labor, licenses, pennits, <br />overhead or any other expenses or costs unless any such expense or cost is incurred by Contractor with the <br />prior written approval of the City, If the City disputes any charges on the invoices, it may make payment of <br />the uncontested amounts and withhold payment on the contested amounts until they are resolved by agreement <br />with Contractor. <br /> <br />4. UNDISCLOSED CONDITIONS: In the event that undisclosed conditions are discovered during <br />the perfonnance of this Agreement, the City shall have the right to cancel this Agreement upon thirty (30) <br />days written notice to contractor. Upon tennination, the City may re-bid the project if the contractor fails to <br />perform under this Agreement due to the undisclosed conditions, <br /> <br />5. INSURANCE: Contractor shall, at its sole cost and expense, during the period of any work <br />being perfonned under this Agreement, procure and maintain the following minimum insurance coverage to <br />protect the City and Contractor against all loss, claims, damage and liabilities caused by Contractor, its agents, <br />contractors or employees, as more particularly set forth below: <br /> <br />General liability insurance, including broad form contractual liability coverage for bodily <br />injury and property damage liability with limits of One Million Dollars ($1,000,000) combined <br />single limit occurrence, <br /> <br />Such insurance shall not diminish Contractors indemnification obligations hereunder. The insurance <br />policy shall be issued by such company, in such forms and with such limits of liability and deductibles as are <br />acceptable to the City and shall be endorsed to be primary over any insurance, which the City may maintain. <br />Prior to the execution of this Agreement, and at any time upon request, Contractor shall furnish to the <br />City certificates of insurance evidencing the minimum required coverage and appropriately endorsed <br />for contractual liability with the City named as an additional insured. All policies shall contain a waiver <br />of subrogation endorsement. All policies and certificates shall be in forms and issued by insurance companies <br />acceptable to the City's Risk Management Department. All insurance policies and certificates of insurance <br />shall provide that the policies may not be canceled or altered without thirty (30) calendar days prior written <br />notice to the City's Risk Management Department. The City reserves the right from time to time to change the <br />insurance coverage and limits ofIiability required to be maintained by Contractor hereunder. <br /> <br />6. OWNERSHIP OF DOCUMENTS: The parties agree that all documentation and work product <br />produced pursuant to this Agreement shall become the exclusive property of the City. <br /> <br />7. RELATION TO PARTIES: It is understood and agreed that nothing contained in this Agreement <br />shall be deemed to create a partnership, joint venture, other association, or an employer/employee relationship <br />between the Contractor and the City. Contractor shall be in the relation of an independent contractor and is to <br />have entire charge, control and supervision of the work to be performed hereunder. <br /> <br />Page 2 <br /> <br />Graph-Plex Signage Agreement <br /> <br />SIB <br />