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LA515-1-859180.v2 6 compensation insurance, withholding amounts, or self-employment taxes if any such payments, amounts, or taxes are required to be paid by law or regulation. 2. Contractor’s Performance of Work. The Contractor agrees to perform and provide the equipment, materials, labor and services as described in the Bid Specifications and Instructions which are set forth on the attached Exhibits. The Contractor shall, in the performance of the work under this Agreement, conform to all applicable federal, state, and local laws, codes, ordinances, and regulations. 3. Compensation for Services. The City agrees to pay the Contractor a total of $____________ for the project (the “Contract Price”). The Contractor may invoice the City on a monthly basis for the materials and services that have been provided to the City to the current date, but upon the City paying 75 percent of the Contract Price to the Contractor, the remaining 25 percent of the Contract Price will be retained until the project is complete and the City has accepted it. 4. Termination. Either party, without cause, may terminate this Agreement by 30 days’ written notice delivered to the other party at the address written above. After termination, the City shall have no further obligation to the Contractor except to compensate the Contractor for the equipment and materials provided and services performed prior to the date of the notice of termination. 5. Subcontractors. The Contractor shall not enter into subcontracts for services provided under this Agreement without the express written consent of the City. 6. Assignment. Neither party shall assign this Agreement, or any interest arising herein, without the written consent of the other party. 7. Indemnification. The Contractor agrees to defend, indemnify and hold the City, its officials, employees, agents and contractors harmless from any liability, claims, damages, costs, judgments, or expenses, including reasonable attorneys’ fees, resulting directly or indirectly from an act or omission (including without limitation professional errors or omissions) of the Contractor in the performance of the work provided by this Agreement and against all losses by reason of the failure of the Contractor fully to perform, in any respect, all obligations under this Agreement. 8. Workers’ Compensation Insurance. The Contractor shall have workers’ compensation insurance coverage that meets the requirements of Minnesota law (if required by statute). The Contractor shall execute the City’s workers’ compensation form. 9. Records Access. The Contractor shall provide the City access to any books, documents, papers, and records which are directly pertinent to the Agreement, for the purpose of making audit, examination, excerpts, and transcriptions, for three years after final payments and all other pending matters related to this Agreement are closed. 10. General Liability Insurance. The Contractor shall maintain general liability insurance with bodily injury and property damage limits of $1,500,000 to protect the Contractor and the City from claims and liability for injury or damages to persons or property