Laserfiche WebLink
RAILROAD shall submit a final bill for costs for its work related to PROJECT. The <br /> RAILROAD shall provide to the CITY records suitable for an audit, but RAILROAD shall <br /> not be required to retain any records relating to the work more than three (3) years after <br /> completion of the PROJECT. The CITY shall reimburse the RAILROAD for any balance in <br /> the amounts due within 30 days after receipt of said final bill. <br /> 5.3 Costs and expenses for work performed by the RAILROAD, as referred to in this <br /> Agreement, shall consist of the actual cost of labor, material(less material salvage credits), <br /> additives, and other documented costs. <br /> 6. REQUIRED CONTRACTOR INSURANCE <br /> 6.1 Before beginning any work for the CITY or the RAILROAD, the CITY shall require its <br /> contractors and their subcontractors to take out on their own behalf, the following types <br /> and amounts of insurance and to maintain such insurance in effect until completion and <br /> acceptance by the CITY of the work: <br /> A. Commercial General Liability (Occurrence Form) <br /> 1. $5,000,000 combined single limit Bodily Injury and Property <br /> Damage per Occurrence <br /> 2. $10,000,000 combined Bodily Injury and Property Damage <br /> Aggregate limit <br /> B. Railroad Protective Liability Insurance <br /> 1. $5,000,000 combined single limit Bodily Injury and Property <br /> Damage per Occurrence <br /> 2. $10,000,000 combined Bodily Injury and Property Damage <br /> Aggregate limit <br /> 6.2 The RAILROAD shall be named an additional Insured on the contractors' and <br /> subcontractors' Commercial General Liability policies and the RAILROAD shall be named <br /> as the insured under the Railroad Protective Liability Insurance policy. The limits of <br /> insurance provided in this section can be met with a combination of primary and excess <br /> insurance policies. The Commercial General Liability policies shall have the railroad <br /> exclusion removed from the definition of an insured contract. The insurer shall waive all <br /> rights of subrogation as against the RAILROAD for the Commercial General Liability policy. <br /> - 6 - <br />