RFP 18-04-02 Disaster Debris Management and Removal Services

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City of Sunny Isles Beach |RFP Disaster Debris Management and Disposal Services 18-04-02 13 Contractor fails to furnish the qualifications submittals or fails to execute and deliver the agreement within thirty (30) days of the Notice of Award, the City may annul the Notice of Award and the Proposal Security of that Contractor will be forfeited. 2.8 PERFORMANCE AND PAYMENT BOND This is a Standby / Pre-Event Agreement. Upon activation of this Agreement by the City, the DMC will be required to provide the City with a Performance and Payment Bond in the amount of 100% of the contract/ Purchase Order value, whichever is greater. Upon activation of a task order by the City, the Contractor will be required to provide Performance and Payment Bonds within three (3) calendar days of a written ‘Notice to Proceed’ by the City. Once activated, the Payment and Performance Bonds shall be in force for a period of not less than one (1) year from the date of original execution by the Bond Surety. Bonds shall be executed by the Contractor and surety company authorized to do business in the State of Florida with an A .M. Best rating of “A-“ (Excellent) or better, which bond shall be conditioned upon the successful completion of all work, labor, services, materials to be provided and furnished, and the payment of all subcontractors, materials and laborers. If the value of the contracted work increases, the Contractor shall be required to provide an updated Performance and Payment Bond in an amount equal to the new value. Contractors must include with their proposal response, a letter from their bonding company / surety that guarantees that the proposing firm will be able to provide Performance and Payment Bonds at the time of an event. Contractors shall factor the annual cost of a Performance and Payment Bond into their administrative costs wh en responding to this proposal. The City will not waive this requirement. 2.9 INSURANCE REQUIREMENTS The Contractor, and its subcontractors, assignees and suppliers, at its own expense, shall keep in force and at all times maintain during the term of this Agreement: 2.9.1 Comprehensive General Liability Comprehensive General Liability with minimum limits of One Million Dollars ($1,000,000.00) per occurrence combined single limit for Bodily Injury Liability and Property Damage Liability. Coverage must be afforded on a form no more restrictive than the latest edition of the Comprehensive General Liability policy, without restrictive endorsements, as filed by the Insurance Services Office, and must include: o Premises and Operation o Workers Compensation (Statutory) o Independent Contractors o Products and/or Completed Operations Hazard o Broad Form Property Damage o Broad Form Contractual Coverage applicable to this specific Contract