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..... ANY EXCEPTIONS TO THE INSURANCE REQUIREMENTS IN THIS SECTION MUST BE APPROVED IN WRITING BY THE CITY. 1.8 PERFORMANCE AND PAYMENT BONDS Proposer shall, at its sole cost and expense, during the period of any work being performed under this Agreement, procure and maintain performance and payment bonds each equal to 100% of the Contract Amount awarded to the successful Proposer. The Performance and Payment Bonds must be written by a Surety licensed to do business in the State of Florida and otherwise acceptable to the City of Sunny Isles Beach. As per Florida Statute Section 255.05, the Proposer shall be required to record the Performance and Payment Bonds in the public records of Miami- Dade County. 1.9 BID BOND Each Bid shall be required to be accompanied by a Bid Bond, duly executed by the Proposer as principal and having as surety thereon a surety company licensed to do business in the State of Florida , satisfactory and payable to the City of Sunny Isles Beach, Florida, and listed in the latest issue of U.S. Treasury Circular 570, in the amount of 5 % (five percent) of the Proposal. 1.10 ADDITIONAL INFORMATION OR CLARIFICATION Requests for additional information or clarifications must be made in writing and received by the City Manger specified in the Public Notice section of this RFP, in accordance with the deadline for receipt of questions also specified in the Public Section of this RFP. The request for additional information and clarification must contain the RFP number and title, contractor's name, name of contractor's contact person, address, phone number, and facsimile number. Electronic facsimile requesting additional information must be received by the City Manager for this RFP at the fax number (305) 792-1561. Facsimiles must have a cover sheet which includes, at a minimum, the contractor's name, name of contractor's contact person, address, number of pages transmitted, phone number, facsimile number, and RFP number and title. The City will issue responses to inquiries and any other corrections or amendments it deems necessary in written addenda issued prior to the Submission deadline. Contractors should not rely on any representations, statements or explanations other than those made in this RFP or in any written addendum to this RFP. Where there appears to be conflict between the RFP and any addenda issued, the last addendum issued shall prevail. 1.11 SELECTION, AWARD, AND PROTEST PROCEDURES The City will select the contractor the City determines to be the lowest responsible, responsive contractor ("Successful Contractor") whose proposal represents the best value to, and is in the best interests of, the City. The City will act, at its sole discretion, in what it considers to be the best value and best interest of the City. The City will evaluate the comparable experience, capability, project management, workload, financial strength, and other factors the City deems 8