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<br />CITY OF SUNNY ISLES BEACH |REQUEST FOR PROPOSAL NO. 14-07-01 - REVISED 11 <br /> <br /> <br />2.5) METHOD OF AWARD: <br /> <br />See Section 4 <br /> <br />2.6) PRICE: <br /> <br />Prices shall remain fixed and firm through the term of the contract. <br /> <br /> <br />2.7) PERFORMANCE BOND: <br /> <br />The City of Sunny Isles Beach shall require the successful Proposer to furnish a Performance and <br />Payment Bond in the amount of 100% of the total Proposal Price, with the City of Sunny Is les <br />Beach as the Obligee, as security for the faithful performance of the Contract and for the payment <br />of all persons performing labor of furnishing materials in connection herewith within ten (10) <br />calendar days after notification of the award by the City. The binds shall be with a surety company <br />authorized to do business in the State of Florida. <br /> <br /> <br />2.8) BID BOND <br /> <br />The City of Sunny Isles Beach shall require that every Proposer furnish a Bid Bond in the amount <br />of 5% of the total Proposal Price. <br /> <br /> <br />2.9) DELIVERY: <br /> <br />Intentionally Omitted <br /> <br /> <br />2.10) INSURANCE: <br /> <br />2.10.1) Comprehensive General Liability Insurance <br />Comprehensive General Liability with minimum limits of One Five Million Dollars <br />($1,000,000.00) (5,000,000.00) per occurrence combined single limit for Bodily Injury <br />Liability and Property Damage Liability. Coverage must be offered in a form no more <br />restrictive than the latest edition of the Comprehensive General Liability policy, without <br />restrictive endorsements, as filed by the Insurance Services Office, and shall specifically <br />include the following with minimum limits not less than those required for Bodily Injury Liability <br />and Property Damage Liability: <br /> Premises and Operation; <br /> Independent Contractors;