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R2012-160 ACCEPTING THE BID AND AUTHORIZING CONTRACT
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R2012-160 ACCEPTING THE BID AND AUTHORIZING CONTRACT
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Last modified
8/20/2015 11:37:56 AM
Creation date
8/20/2015 11:37:43 AM
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Resolution/Ordinance
Res Ord Num
R2012-160
Res Ord Title
ACCEPTING THE BID AND AUTHORIZING THE EXECUTION OF A CONTRACT FOR THE 2012 MICRO-SURFACING PROJECT
Department
Public Works
Approved Date
8/20/2012
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FOR <br /> 1 SECTION 107. LEGAL REGULATIONS AND <br /> RESPONSIBILITY TO THE PUBLIC <br /> 107.27 Insurance. Revise the first paragraph of this Article to read: <br /> "The Contractor, prior to execution of the contract, shall obtain and thereafter <br /> keep in force the following insurance coverages provided by insurance companies <br /> acceptable to the City and authorized to transact business under the laws of the <br /> State of Illinois. The insurance companies providing coverage shall be rated in <br /> the Best's Key Rating Guide. The City will not accept companies with a rating <br /> lower than A- with a financial size category of not less than VI. Coverage limits <br /> shall be written at not less than the minimum specified in this section. Higher <br /> minimum limits and additional coverage may be specified by a special provision <br /> elsewhere in the contract. Whether stated in this Article or elsewhere, the City <br /> does not warrant the adequacy of the types of insurance coverage or the limits of <br /> liability specified." <br /> 44 <br />
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