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Docusign Envelope ID:21C696F2-FD37-4E21-94A2-C2BE6A22794A <br /> previous month. With each application for payment,Firm shall submit payroll information,receipts,invoices and <br /> any other evidence of payment which Owner or its designated representatives shall deem necessary to support the <br /> amount requested. <br /> Owner shall promptly review the Payment Requisition and notify Professional Firm whether the Payment <br /> Request is approved or disapproved, in whole or in part. Owner shall promptly pay Professional Firm for all <br /> approved services and expenses. For purposes of Texas Government Code §2251.02 1(a)(2),the date performance <br /> of services is completed is the date when the Owner's representative approves the Payment Requisition. <br /> Owner shall have the right to withhold from payments due the Firm such sums as are necessary to protect <br /> Owner against any loss or damage which may result from negligence by Professional Firm or failure of the Firm <br /> to perform its obligations under this Agreement. <br /> ARTICLE 11 <br /> PROFESSIONAL FIRM'S ACCOUNTING RECORDS <br /> Records of the Firm costs, reimbursable expenses pertaining to the Project and payments shall be available <br /> to Owner or its authorized representative during business hours and shall be retained for three (3) years after final <br /> Payment or abandonment of the Project,unless Owner otherwise instructs Professional Firm in writing. The Firm's <br /> records shall be kept on the basis of generally accepted accounting principles. <br /> ARTICLE 12 <br /> INSURANCE <br /> For services performed on Owner's premises, Professional Firm shall furnish to Owner Certificates of <br /> Insurance as set forth below prior to the commencement of any work hereunder and shall maintain such coverage <br /> during the full term of the Agreement. On the Certificate of Insurance, name the City of San Marcos, c/o <br /> Purchasing & Contracting Division, 630 East Hopkins Street, San Marcos, Texas 78666 as an additional <br /> insured. Required insurance shall not be cancelable without thirty (30)days'prior written notice to Owner. <br /> Business automobile liability insurance with minimum limits of liability for bodily injury and property <br /> damage combined of not less than $1,000,000 per occurrence. Contractor will maintain a standard ISO <br /> version of Business automobile liability insurance or its equivalent providing coverage for all owned, <br /> non-owned and hired automobiles. Owner will be included as an additional insured party. <br /> Commercial General Liability Insurance: Including Bodily Injury and Property Damage Liability, <br /> Independent Contractors Liability, Contractual Liability, Product Liability and Completed Operations <br /> Liability in an amount not less than $1,000,000 combined single limit, per occurrence, and $2,000,000 <br /> aggregate. City will be included as an additional insured party. <br /> Umbrella Form Excess Liability with minimum limits of$1,000,000. Umbrella coverage must follow <br /> form with the primary coverage. <br /> Workers' compensation insurance in accordance with and as required by the Workers' Compensation <br /> Act of the State of Texas in amounts sufficient to satisfy statutory requirements or <br /> $500,000.00/$500,000.00 for Employer's Liability.Worker's Compensation policy shall include a waiver <br /> of subrogation in favor of the Owner. <br /> Certificate of coverage or certificate means a copy of a certificate of insurance, a certificate of authority <br /> to self-insure issued by the Commission, or a coverage agreement(TWCC-81, TWCC-82, TWCC-83, or <br /> TWCC-84), showing statutory workers' compensation insurance coverage for the person's or entity's <br /> employees providing services on the Project, for the duration of the Project. <br /> Rev 01.11.2023 Page 8 of 14 <br />