09-26-2001 Council Agenda - Laserfiche WebLink

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Mn/DOT Agreement No. 81650 Exhibit A employed under this Contract. Unless otherwise specified within this Contract, the Contractor insurance minimum amounts will be as follows: $1,000,000.00 - per occurrence Combined Single limit for Bodily Injury and Property Damage. In addition, the following coverages should be included: Owned, Hired, and Non -owned Name State as an Additional Insured 26.25 Professional/Technical, Errors and Omissions, and /or Miscellaneous Liability Insurance: Unless otherwise specified within this Contract, Contractor insurance minimum amounts will be as follows: $1,000,000.00 - per claim $2,000,000.00 - annual aggregate On request, Contractor must submit a financial statement signed by a Certified Public Accountant which provides evidence that Contractor has adequate assets to cover any deductible which applies to this policy. This policy will provide coverage for all claims Contractor will become legally obligated to pay resulting from any actual or alleged negligent act, error, or omission related to Contractor's professional services required under this Contract. 26.26 For work on railroad property, Contractor must obtain Railroad Protective Liability Insurance in accordance with Mn/DOT Specification 1708.2 (2000 Edition) or any subsequent changes or modifications to this specification. 26.3 Contractor must: 26.31 Include legal defense fees in addition to its liability policy limits, with the exception of 26.25 above; and 26.32 Obtain insurance policies from an insurance company having an "AM BEST" rating of A! VI or better. 26.4 State reserves the right to immediately rescind this Contract if Contractor is not in compliance with the insurance requirements and retains all rights to pursue any legal remedies against Contractor. All insurance policies must be open to inspection by State, and copies of policies must be submitted to State's Authorized Agent upon written request. Article 27 27.1 February 2001 Deliverable Standards State will have the authority to disapprove or reject services and/or goods that are defective. Contractor will be responsible for the accuracy of its work under this Contract and must make immediate, necessary revisions, repairs, or corrections without compensation resulting from errors and omissions on the part of Contractor. Services and/or goods delivered under this Contract must be in accordance with applicable federal or state standards and/or specifications and must be of a quality that is satisfactory to State. Acceptance of the services and/or goods by State will not be considered a waiver of any provision of this Contract and will not relieve Contractor of the responsibility for subsequent correction of any such errors or omissions and the clarification of any ambiguities. In the event revisions, repairs, or corrections to the deliverables must be made, Contractor must invoice State for any employee's time necessary to revise, repair, or correct errors or omissions at a rate of zero dollars per hour for the number of hours necessary to perform the work. Page 68