contract for design-build services for the design - City of Miami
contract for design-build services for the design - City of Miami
contract for design-build services for the design - City of Miami
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Notice <strong>of</strong> Cancellation and/or Restriction--The policy(ies) must be endorsed to provide<br />
<strong>City</strong> with at least thirty (30) days notice <strong>of</strong> cancellation, material modification, and/or<br />
restriction.<br />
Design-Build Firm shall furnish to <strong>the</strong> Capital Improvement Program <strong>the</strong> Certificates <strong>of</strong><br />
Insurance or endorsements evidencing <strong>the</strong> insurance coverage specified above within<br />
fifteen (15) calendar days after notification <strong>of</strong> award <strong>of</strong> <strong>the</strong> Contract. The required<br />
Certificates <strong>of</strong> Insurance shall name <strong>the</strong> types <strong>of</strong> policies provided, refer specifically to<br />
this Contract, and state that such insurance is as required by this Contract.<br />
The <strong>of</strong>ficial title <strong>of</strong> <strong>the</strong> Owner is <strong>the</strong> <strong>City</strong> <strong>of</strong> <strong>Miami</strong>, Florida. This <strong>of</strong>ficial title shall be used<br />
in all insurance documentation.<br />
Companies authorized to do business in <strong>the</strong> State <strong>of</strong> Florida, with <strong>the</strong> following<br />
qualifications, shall issue all insurance policies required above:<br />
The company must be rated no less than “A-” as to management, and no less than<br />
“Class V” as to Financial Strength, by <strong>the</strong> latest edition <strong>of</strong> Best‟s Insurance Guide,<br />
published by A.M. Best Company, Oldwick, New Jersey, or its equivalent. All policies<br />
and /or certificates <strong>of</strong> insurance are subject to review and verification by Risk<br />
Management prior to insurance approval.<br />
8. Per<strong>for</strong>mance and Payment Bond<br />
Where required by <strong>the</strong> Contract Documents <strong>the</strong> Design-Build Firm shall within fifteen<br />
(15) calendar days <strong>of</strong> being notified <strong>of</strong> award, furnish a Per<strong>for</strong>mance/Payment Bond<br />
containing all <strong>the</strong> provisions <strong>of</strong> <strong>the</strong> attached Per<strong>for</strong>mance/Payment <strong>for</strong>ms.<br />
Each Bond shall be in <strong>the</strong> amount <strong>of</strong> one hundred percent (100%) <strong>of</strong> <strong>the</strong> Contract value<br />
guaranteeing to <strong>City</strong> <strong>the</strong> completion and per<strong>for</strong>mance <strong>of</strong> <strong>the</strong> Work covered in <strong>the</strong><br />
Contract Documents as well as full payment <strong>of</strong> all suppliers, laborers, or Sub Design-<br />
Build Firm , and Subconsultant employed pursuant to this Project(s). Each Bond shall<br />
be with a Surety, which is qualified pursuant to Article 9, Qualification <strong>of</strong> Surety.<br />
Each Bond shall continue in effect <strong>for</strong> one year after Final Completion and acceptance <strong>of</strong><br />
<strong>the</strong> Work with liability equal to one hundred percent (100%) <strong>of</strong> <strong>the</strong> Contract value, or an<br />
additional bond shall be conditioned that Design-Build Firm will, upon notification by <strong>City</strong>,<br />
correct any defective or faulty work or materials which appear within one year after Final<br />
Completion <strong>of</strong> <strong>the</strong> Project(s). The bond shall be subject to <strong>the</strong> approval <strong>of</strong> <strong>the</strong> Risk<br />
Manager and shall be substantially in <strong>the</strong> <strong>for</strong>m prescribed by Section 255.05(3), Florida<br />
Statutes.<br />
The <strong>City</strong> must be listed as an Obligee.<br />
Pursuant to <strong>the</strong> requirements <strong>of</strong> Section 255.05(1)(a), Florida Statutes, as may be<br />
amended from time to time, Design-Build Firm shall ensure that <strong>the</strong> bond(s) referenced<br />
above shall be recorded in <strong>the</strong> public records and provide <strong>City</strong> with evidence <strong>of</strong> such<br />
recording.<br />
9. Qualification <strong>of</strong> Surety<br />
Bid Bonds, Per<strong>for</strong>mance/ Payment Bonds over Five Hundred Thousand Dollars<br />
($500,000.00):<br />
Each bond must be executed by a surety company <strong>of</strong> recognized standing, currently<br />
authorized to do business in <strong>the</strong> State <strong>of</strong> Florida as surety, having a resident agent in<br />
<strong>the</strong> State <strong>of</strong> Florida and having been in business with a record <strong>of</strong> successful<br />
continuous operation <strong>for</strong> at least five (5) years.<br />
14<br />
Design-Build Services <strong>for</strong> Seawall Stabilization and Repair Project RFP 11-12-033