Res 2002-216 - Laserfiche WebLink

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C. Procure and maintain commercial general liability insurance coverage for all construction operations under the contract; D. Solicit bids from qualifIed contractors; E. Obtain the City's approval of the bidder to which the award is made; F. A ward a contract to the bidder whose bid represents the best value to the Parties, based on cost, durability, and safety, and the qualifications and experience of the bidders; G. Execute a contract with the Contractor for the construction of the Project; the form of the contract will be subject to approval by the City, and the contract must include requirements that 1) the Contractor must maintain commercial general liability insurance coverage for all of its operations and those of its subcontractors under the contract, 2) all persons engaged in work under the contract must be covered by workers' compensation insurance, m1d 3) the Contractor will indemnify and hold the Parties harmless for damages or injuries related to the construction of the Project; l-I. Ensure that the Contractor constructs the Project in a good and workmanlike manner; I. Obtain a performance bond and a payment bond in the full amount of the construction contract from the Contractor, naming the Project Manager and the City as obligees; J. Submit invoices from the Engineer and the Contractor to the City for approval, on forms approved by the City, and submit approved invoices to the Parties for their respective shares of payments due to the Engineer and the Contractor in accordance with Paragraph 7 below; K. Make payments to the Engineer and the Contractor as the payments become due, subject to payment by the Parties of their respective shares of such payments under Paragraph 7 below; L. Submit change orders to the City for review and approval; and M. Ensure that the Contractor completes the construction of the Project no later than March 30, 2004. 5. Connection Fee. The City may establish and collect an assessment or fee, separate from a wastewater impact fee, for connections to the Facilities, to recover oversizing and related costs. The City agrees not to charge this assessment or fee to a Party to the extent that the Party is requesting wastewater service within the Party's Reserved Capacity under Paragraph 8 below. 6. City Inspections and Acceptance. The City agrees, at no cost to the other Parties, to: A. Inspect the construction of the Project as construction progresses; B. Inspect the Project upon completion of construction; and C. Issue a certificate of acceptance of the Project to the Project Manager and Contractor when 1) all required inspections are passed, 2) the Project Manager submits a one-year warranty against defects in materials and workmanship in the Project, executed by the Contractor, and 3) the Engineer submits complete as-built drawings for the Project to the City. 7. Escrow of Funds; Cost Sharing. A. Each of the Parties, other thm1 the City, agree to pay the following sums to the Project Manager, for the sole purpose of covering the financial obligations of the Parties under this Agreement: 1. 25% of the estimated Project costs attributable to the Party as described in the attached Exhibit C, no later than January 15, 2003; provided, that any party that does not make this payment by this date shall be deemed to have withdrawn from this Agreement; and if any party so withdraws, the Engineer will calculate an adjustment to the cost sharing percentages in the attached Exhibit C to ref1ect the Party's withdrawal with respect to the Project costs, and the 3