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1 Invitation for Bids Solicitation Number Date Issued Procurement ...

1 Invitation for Bids Solicitation Number Date Issued Procurement ...

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agreement, Contractor shall defend and indemnify the State of South Carolina, its instrumentalities,agencies, departments, boards, political subdivisions and all their respective officers, agents andemployees against all suits or claims of any nature (and all damages, settlement payments, attorneys' fees,costs, expenses, losses or liabilities attributable thereto) by any third party which arise out of, or result inany way from, any defect in the goods or services acquired hereunder or from any act or omission ofContractor, its subcontractors, their employees, workmen, servants or agents. Contractor shall be givenwritten notice of any suit or claim. State shall allow Contractor to defend such claim so long as suchdefense is diligently and capably prosecuted through legal counsel. State shall allow Contractor to settlesuch suit or claim so long as (i) all settlement payments are made by (and any deferred settlementpayments are the sole liability of) Contractor, and (ii) the settlement imposes no non-monetary obligationupon State. State shall not admit liability or agree to a settlement or other disposition of the suit or claim, inwhole or in part, without the prior written consent of Contractor. State shall reasonably cooperate withContractor's defense of such suit or claim. The obligations of this paragraph shall survive termination of theparties' agreement.LICENSES AND PERMITS (JAN 2006): During the term of the contract, the Contractor shall beresponsible <strong>for</strong> obtaining, and maintaining in good standing, all licenses (including professional licenses, ifany), permits, inspections and related fees <strong>for</strong> each or any such licenses, permits and /or inspectionsrequired by the State, county, city or other government entity or unit to accomplish the work specified in thissolicitation and the contract.MATERIAL AND WORKMANSHIP (JAN 2006): Unless otherwise specifically provided in this contract, allequipment, material, and articles incorporated in the work covered by this contract are to be new and of themost suitable grade <strong>for</strong> the purpose intended.PRICE ADJUSTMENTS (JAN 2006): (1) Method of Adjustment. Any adjustment in the contract price madepursuant to a clause in this contract shall be consistent with this Contract and shall be arrived at throughwhichever one of the following ways is the most valid approximation of the actual cost to the Contractor(including profit, if otherwise allowed):(a) by agreement on a fixed price adjustment be<strong>for</strong>e commencement of the pertinent per<strong>for</strong>mance or assoon thereafter as practicable;(b) by unit prices specified in the Contract or subsequently agreed upon;(c) by the costs attributable to the event or situation covered by the relevant clause, including profit ifotherwise allowed, all as specified in the Contract; or subsequently agreed upon;(d) in such other manner as the parties may mutually agree; or,(e) in the absence of agreement by the parties, through a unilateral initial written determination by the<strong>Procurement</strong> Officer of the costs attributable to the event or situation covered by the clause, including profitif otherwise allowed, all as computed by the <strong>Procurement</strong> Officer in accordance with generally acceptedaccounting principles, subject to the provisions of Title 11, Chapter 35, Article 17 of the S.C. Code of Laws.(2) Submission of Price or Cost Data. Upon request of the <strong>Procurement</strong> Officer, the contractor shallprovide reasonably available factual in<strong>for</strong>mation to substantiate that the price or cost offered, <strong>for</strong> any priceadjustments is reasonable, consistent with the provisions of Section 11-35-1830.OWNERSHIP OF DATA & MATERIALS (JAN 2006): All data, material and documentation either prepared<strong>for</strong> the state pursuant to this contract shall belong exclusively to the State.RELATIONSHIP OF THE PARTIES (JAN 2006): Neither party is an employee, agent, partner, or jointventurer of the other. Neither party has the right or ability to bind the other to any agreement with a thirdparty or to incur any obligation or liability on behalf of the other party.STORAGE OF MATERIALS (JAN 2006): Absent approval of the using governmental unit, Contractor shall17

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