New Search
injury or property damage. Such policy shall contain a contractual liability <br /> endorsement to cover Contractor's indemnification obligations under this contract. <br /> The policy shall also contain an endorsement naming City as an additional insured, in <br /> a form satisfactory to City, and expressly providing that the interest of City shall not be <br /> affected by Contractor's breach of policy provisions. <br /> 9.2. Automobile Liability. Contractor shall maintain an automobile liability insurance policy <br /> with coverage of not less than $500,000 combined single limit per occurrence, with <br /> aggregate of $1 million, for bodily injury, personal injury or property damage. The <br /> coverage shall include both hired and non-owned auto liability. The policy shall also <br /> contain an endorsement naming City as an additional insured, in a form satisfactory to <br /> City, and expressly providing that the interest of City shall not be affected by <br /> Contractor's breach of policy provisions. <br /> 9.3. Workers' Compensation Insurance. Contractor shall comply with the Oregon Workers' <br /> Compensation law by qualifying as acarrier-insured employer or as aself-insured <br /> employer and shall strictly comply with aN other applicable provisions of such law. <br /> Contractor shall provide City with such further assurances as City may require from <br /> time to time that Contractor is in compliance with these Workers' Compensation <br /> coverage requirements and the Workers' Compensation law. Contractor is a subject <br /> employer that will comply with ORS 656.017. <br /> 10. Performance and Payment Bonds. Not required. , <br /> 11. Termination and Suspension. City may terminate this contract or suspend the Work at <br /> any time for any reason considered by City, in the exercise of its sole discretion, to be in the <br /> public interest. In the event the suspension of the work is not the result of a labor dispute <br /> and this contract is not terminated, Contractor shall be entitled to a reasonable extension of <br /> the time for completion, to be determined by the City, and shall be compensated for all <br /> actual verged costs incurred as a result of the suspension, plus Contractor's standard <br /> ovefiead with respect to such costs. In the event of a termination of this contract under <br /> these provisions, Contractor shall be compensated for any preparatory work and actual, <br /> verified costs and expenses incurred as a result of the termination. In addition, Contractor <br /> shall be compensated for the Work performed on the basis of the Contract Sum in the case <br /> of any fully completed separate item or portion of the Work for which there is a separate or <br /> unit price and with respect to any other portion of the Work shall be paid a percent of the <br /> Contract Sum allocated to such other Work equal to the percentage of Work completed to <br /> the date of termination. Provided, however, none of the foregoing provisions concerning <br /> compensation in the event of a suspension of Work or termination of this contract shall apply <br /> if such suspension or termination occurs as a result of Contractor's violation of any Federal, <br /> State or local statutes, ordinances, rules or regulations or as a result of any violation by <br /> Contractor of the terms of this contract, including a determination by City that Contractor has <br /> not progressed satisfactorily with the Work in accordance with specifications. <br /> Public Improvement Contract (Comp) -Page 3 <br /> <br /> (Revised April 1998) <br /> <br />