City Council Agenda and Packet 1998 02 03

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(30) days after the date of Contractor 's invoice therefor. the amounts due Contractor under the invoices shall bear interest at the ratle of 12% per annum or the maximum permissible by applicable law. whichever is less. from the thirtieth day following the date of the invoice until paid unless the delay in payment resulted from unsatisfactory work or documentation therefor. Payment shall be made for work performed in proportion to the percentage of the task completed. 5.0 PROJECT REPRESENTATION 5.1 The City designates Peggy Flaherty as the responsible City staff member to provide direction to the Contractor during the conduct of the project. The Contractor shall comply with the directions given by Ms. Flaherty. 5.2 The Contractor designates Marc McLean as the Project Manager. The City may rely upon the guidance, opinions, and recomme:ndations provided by the Contractor and its representatives. Should any of the representatives listed in Exhibit B be replaced, particularly Mr. McLean, and such replacement require the City or the Contractor to undertake additional reevaluations, coordination. orientations, etc., the Contractor shall be fully responsible for all such additional costs and services. 6.0 TERM The Contractor's services under this Agreement shall commence on January 30, 1998 and shall continue until and be completed no later than July 31,1998. 7.0 INSURANCE I .1 The Contractor shall procure and maintain, and shall cause each subcontractor of the Contractor to procure and maintain, the minimum insurance coverages listed below. In the case of any claims- made policy, the necessary retroactive dates and extended reporting periods shall be procured by the Contractor to maintain such continuous coverage. 7.1.1 Workers' Compensation insurance as required by the Labor Code of the State of Colorado ~d Employers Liability Insurance. Evidence of qualified self-insured status may be substituted. 7.1.2 General Liability insurance with minimum combined single limits of ONE MILLION DOLLARS ($1,000,000) eac:h occurrence and ONE MILLION DOLLARS ($1,000,000) aggregate. The policy shaJl include the City of Louisville, its officers and its employees, as additional insureds, with primary coverage as respects the City of Louisville, its officers and its employees. 7.1.3 Comprehensive Automobile Liability insurance with minimum combined single limits for bodily injury and prope:rty damage of not less than ONE HUNDRED AND FIFTY THOUSAND DOLLARS ($150,000) per person in anyone occurrence and SIX HUNDRED THOUSAND DOLLARS ($600,000) for two or more persons in anyone occurrence, and 2