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048 CERTIFICATE OF INSURANCE <br /> The contractor, prior to the execution of the contract, shall file with the City of <br /> Decatur copies of completed certificates of insurance. The Commercial General <br /> Liability policy shall include the City of Decatur as an additional insured and <br /> Contractor's insurance will be primary, with the following amounts of coverage: <br /> Bodily Injury Liability - $500,000 each occurrence <br /> Property Damage Liability - $500,000 each occurrence <br /> The contractor shall maintain automobile liability insurance with the City of <br /> Decatur as additional insured with the minimum amounts of coverage: <br /> Bodily Injury Liability - $500,000 each occurrence <br /> Property Damage Liability - $500,000 each occunence , <br /> The lowest responsible bidder must provide the City with certificates of insurance I <br /> within five (5) days of the bidding. Failure to provide the certificate will cause the <br /> lowest responsible bidder to lose their right to the contract and the contract will be <br /> awarded to the next lowest responsible bidder who can provide said certificate <br /> within five (5) days of notification. All certificates of insurance shall provide that <br /> the insurance company shall give the City thirty (30) days prior written notice of <br /> cancellation, non-renewal or any material changes in the policy. The contractors <br /> employees will be covered by Worker's compensation insurance, which is required <br /> by law and shall include an all states or universal endorsement. <br /> 049 HOLD HARMLESS CLAUSE <br /> The contractor will hold the Eity harmless from all claims, suits, actions, damages <br /> or causes of action in any way arising during the term of the agreement, including <br /> , reasonable attomey's fees for any personal injury, loss of life or damage to person or <br /> property sustained by reason of or as a result of the products or services supplied. <br /> O50 PREVAILING WAGE RATES <br /> The general prevailing rates of wages for the locality shall be paid for each craft or <br /> type of worker or mechanic needed to execute the contract or perform such work as <br /> stated in the Illinois Prevailina Wa;e Act (820 ILCS 130/1 etseq.) The current <br /> month's prevailing wajes are attached, however, at the time the contract is si�ed <br /> the applicable prevailing wages for that month must be used. <br /> The contractor shall supply the City's desi�ated project coordinator with weekly <br /> certified copies of the payroll for both the prime contractor and his subcontractors. <br />