Resolution 2010-75 - Laserfiche WebLink

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agent(s) completing the certificate. The City reserves the right to request and receive a certified copy of any policy. e. Failure on the part of Contractor to procure or maintain policies providing the required coverages, conditions, and minimum limits shall constitute a material breach of contract upon which the City may immediately terminate this Agreement, or at its discretion may procure or renew any such policy or any extended reporting period thereto and may pay any and all premiums in connection therewith, and all monies so paid by the City shall be repaid by Contractor to the City upon demand, or the City may offset the cost of the premiums against monies due to Contractor. f. The parties hereto understand and agree that the City is relying on, and does not waive or intend to waive by any provision of this contract, the monetary limitations (presently $150,000 per person and $600,000 per occurrence) or any other rights, immunities, and protections provided by the Colorado Governmental Immunity Act, § 24 -10 -101 et seq., 10 C.R.S., as from time to time amended, or otherwise available to the City, its officers, or its employees. g. Contractor shall furnish a performance and labor and materials payment bond in an amount equal to 50% of the contract price, as security for the faithful performance and payment of all Contractor's obligations hereunder. The bond(s) shall remain in effect at least until 30 days after the date of final settlement. All bonds shall be in forms acceptable to the City and executed by such sureties licensed to conduct business in Colorado that are acceptable to the City. 14. Evidence of Satisfaction of Liens. Contractor shall provide City with written evidence that all persons who have done any portion of the Work or have furnished material under this Agreement and are entitled to liens therefor under any laws of the State of Colorado have been fully paid or are not entitled to such liens. Contractor shall also provide to the City upon completion of the Work (i) "as- built" drawings, both in hard copy and electronic file format acceptable to the City, showing the locations of all installed facilities and containing, such other information as the City shall require; and (ii) copies of all documents and records pertinent to the installation, commissioning, operation, maintenance and ownership of the Work, including without limitation manufacturers' warranty documents, pay records for parts and materials, permit drawings and documents and other documents. Final payment shall not be made to Contractor until the City has received the "as- built" drawings and is reasonably satisfied that all claims or liens have been satisfied by Contractor or have been secured against as provided in C.R.S. section 38 -26 -101, et seq. / 15. Acceptance of Work. No act of the City, or of any representative thereof, either in superintending or directing the Work, or any extension of time for the completion of the Work, shall be regarded as an acceptance of such Work or any part thereof, or of materials, supplies or parts used therein, either wholly or in part. Acceptance shall be evidenced only by the final certificate of City. Before any final certificate shall be issued, Contractor shall execute an affidavit on the certificate that it accepts the same in full payment and settlement of all claims on account of Work done and materials, supplies and parts furnished under this contract, and that 8