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necessary due to non performance or excessive delays of the CONTRACTOR. <br />The CONTRACTOR will also be responsible to supply a performance bond equal <br />to half the annual bid. <br />h. Proaertv Damage <br />The CONTRACTOR shall be responsible for any and all damage to private as <br />well as public property (including public utilities) due to its own or its employee's <br />negligence in performing snow removal operations. This includes landscaping <br />and plant material surrounding the surface lots. <br />6. COMPENSATION <br />a. Payment Schedule <br />All pay requests must be prepared and submitted by the CONTRACTOR as <br />verified and approved by the Public Works Superintendent. All payment requests <br />submitted will be per snow event and dated as such. All pay requests so received <br />shall be processed and payment made by the CITY not less than 15 and not more <br />than 30 days after receipt. <br />7. INSURANCE/LIABILITY/CLAIMS <br />a. Indemnification <br />The CONTRACTOR indemnifies, saves and holds harmless the CITY and all of <br />its agents and employees of and from any and all claims, demands, actions or <br />causes of action of whatsoever nature or character arising out of or by reason of <br />the CONTRACTOR'S performance under this agreement. It is hereby understood <br />8 <br />