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Docusign Envelope ID: BB4FCDA1-A564-4=-13116-E72FBD797168 <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 § 2251.021(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 Finn'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 15 <br />