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per occurrence (including hired & non-owned bodily injury and property damage). <br /> The City of Ramsey shall be named as an additional insured on the Commercial General <br /> Liability insurance. Certificates of Insurance for all of the above insurance shall be filed with <br /> the City prior to the work. The Contractor also affirms they shall be licensed to perform the <br /> work in the State of Minnesota, and the work shall comply with all state and local laws. <br /> Payment: <br /> Payment will be made upon submittal of an invoice to the City on a net 30-day basis <br /> following City acceptance of the work (there will be no partial payments, nor change <br /> orders). An IC 134 form may be required prior to final payment. <br /> Proposal(s) Duration: <br /> The Contractor in submitting their proposal, acknowledges the amount shall be honored <br /> for a period of 90 days from the date of submission. <br /> Warranty/Guarantee: <br /> The Contractor warrants and guarantees to the Owner that all installation Work will be <br /> of good quality and free from faults or defects in accordance with this RFP. All defective <br /> Work may be rejected. <br /> If required by the Owner, prior to payment, the Contractor will promptly without cost to <br /> the Owner, correct defective Work, or replace it with non-defective Work. If the <br /> Contractor does not correct such defective Work or remove and replace within a <br /> reasonable time, the Owner may have the deficiency corrected or the rejected Work <br /> removed and replaced. All direct or indirect costs of such correction or removal and <br /> replacement, including compensation for additional professional services shall be paid <br /> by the Contractor, or deducted by the Owner, all such costs from the quoted contract <br /> price. <br /> If, instead of requiring correction or removal and replacement of defective Work, the <br /> Owner (prior to approval of final payment) prefers to accept it, they may do so. In such <br /> case, if the acceptance occurs prior to final payment, a Statement shall be issued <br /> incorporating the necessary revisions, including appropriate reductions in Contract <br /> Price. <br /> All play equipment and site furnishing shall be warrantied for a period of one year. <br /> ff I Page <br />