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HomeMy WebLinkAboutItem 6m. Approve an Agreement with Procure America to conduct a Billing Rate Analysis Item 6m Department: Finance Cost Center: 2004 For Agenda of: 10/19/2021 Placement: Consent Estimated Time: N/A FROM: Brigitte Elke, Finance Director Prepared By: Dan Clancy, Financial Analyst - Purchasing SUBJECT: APPROVE AN AGREEMENT WITH PROCURE AMERICA TO CONDUCT A BILLING RATE ANALYSIS RECOMMENDATION Authorize the City Manager to execute an Agreement with Procure America (PA) to conduct a billing rate analysis on the City’s electrical and gas accounts and explore further engagements for the City’s waste, recycling, and telecommunications accounts. DISCUSSION Background The City of San Luis Obispo currently maintains 134 electricity accounts with PG&E and 15 gas accounts with Southern California Gas. The accounts serve various functions of City government, ranging from buildings to water treatments plants to sports fields such as Damon Garcia. Both electricity and gas services are tied to a multitude of tariff rates depending on the function and usage. PG&E alone applies 105 different tariff rates. With ongoing changes, it is imperative to keep reviewing the City’s accounts for accurate billings and correctness of rate applications. In order to assure fiduciary oversight, the Finance Department is leading a joint project with the City’s Office of Sustainability and Natural Resources to engage PA to review the City’s electric and gas accounts to conduct a comprehensive regulatory review, operational evaluation, compliance audit, and to identify potential savings on all City accounts (Attachment A). Under Municipal Code 3.24.060 E, competitive bidding may be dispensed when the purchase will be made cooperatively with one or more units of Government. The proposed Agreement piggybacks on a Regional Cooperative Agreement (RCA) entered into by the County of Orange and PA (Attachment B). Under this Agreement, the City will receive the negotiated terms and conditions of the original RCA. Page 759 of 850 Item 6m Review Components The regulatory review component of PA’s analysis will include California Public Utilities Commission (CPUC) regulations, municipal and county tax and surcharges, and Federal Energy Regulatory Commission (FERC) guidelines. The operational review component of PA’s analysis will include the City’s usage profile meter by meter, renewable energy program assessment, and infrastructure and technology modification that may affect the City’s future consumption patterns. The compliance audit component of PA’s analysis will conduct a historical review to ensure payment and meter accuracy, validate applicable new rates, time of day usage rates, and surcharges, and confirm refunds and credits due to the City. In addition, PA will document all potential cost reductions achieved through their review and continuously monitor CPUC to identify further opportunities for the City to reduce costs. The City will have a comprehensive analysis of its utility rates, taxes, and surcharges at the end of the engagement with PA. In addition, the City will receive a proposed enterprise-wide strategic plan to manage its utility usage and gain further transparency into its meters, facilities, and equipment expenses. PA has a proven track record of identifying savings through its engagements, including the County of San Luis Obispo. Additionally, the Bay Area City of Hayward engaged PA in 2021, which resulted in a cost savings of $450,000. Further out, the City will look to the possibility of engaging PA to review its telecommunications, waste, and recycling rates by performing similar services as this engagement. Staff is currently reaching out to staff to discuss a review. This could be especially important for solid waste as the City embarks on a study to update the solid waste rate structure and methodology. Additionally, PA will also review franchise fee agreements which is an additional benefit, especially for solid waste. Policy Context Under Municipal Code 3.24.060 E, competitive bidding may be dispensed when the purchase will be made cooperatively with one or more units of Government. The proposed Agreement piggybacks on a Regional Cooperative Agreement (RCA) entered into by the County of Orange and PA. Under this Agreement, the City will receive the negotiated terms and conditions of the original RCA. Page 760 of 850 Item 6m Public Engagement This is an administrative item, so no outside public engagement was completed. Public comment can be provided to the City Council through written correspondence prior to the meeting and through public testimony at the meeting. CONCURRENCE Finance has discussed the project internally with the City’s Sustainability Department and concur that the engagement should move forward, starting with the Utility Tariff Rate Analysis. In addition, Finance will discuss future engagements with the City’s Waste and Recycling division and IT department for telecommunications, waste, and recycling rates. ENVIRONMENTAL REVIEW “The California Environmental Quality Act does not apply to the recommended action in this report, because the action does not constitute a “Project” under CEQA Guidelines sec. 15378.” FISCAL IMPACT Budgeted: No Budget Year: 2021-22 Funding Identified: N/A Fiscal Analysis: Funding Sources Total Budget Available Current Funding Request Remaining Balance Annual Ongoing Cost General Fund $ N/A $ $ $ State Federal Fees Other: Total $ $ $ $ There is no net financial impact associated with executing the Agreement. PA’s compensation is 100% contingency-based. The City will pay PA 50% of the cost savings realized for three years, per the results of the conducted audit of the City’s electric and gas bills. After the 36-month term, the City will realize 100% of the savings if continuing to apply the lessons learned during the engagement. In the instance that no cost savings are realized, PA will receive no compensation for services rendered. Page 761 of 850 Item 6m On average, PA finds between 5-15% cost savings. On this assumption, the City’s potential savings are summarized below and could amount to $868,323 for the three-year period. Bill 2019-20 Yearly Average Expenditure 5% savings (1 year) 15% savings (1 year) PG&E $2,285,644 $114,282 $342,846 SoCal Gas $108,778 $5,438 $16,316 PA Commission ($59,860) ($229,581) Total Annual Savings to City for first 3 years $59,860 $229,581 After three years, the City will receive 100% of the savings and will have gained the knowledge to review the billings for accuracy on an ongoing basis. ALTERNATIVES The Council could choose to reject the engagement. Finance does not recommend this action for the reasons set forth in this report. ATTACHMENTS A – Procure America Draft Agreement B – Regional Cooperative Agreeement between the County of Orange and Procure America Page 762 of 850 AGREEMENT THIS AGREEMENT is made and entered into in the City of San Luis Obispo on _________________, by and between the CITY OF SAN LUIS OBISPO, a municipal corporation, hereinafter referred to as City, and Procure America, Inc. hereinafter referred to as Consultant. W I T N E S S E T H: WHEREAS, Subject to the terms and conditions set forth in this Agreement, Consultant shall provide to the City the services set forth in Exhibit A. WHEREAS, Consultant is qualified to perform this type of service and has submitted a proposal attached to do so which has been accepted by City. NOW THEREFORE, in consideration of their mutual promises, obligations and covenants hereinafter contained, the parties hereto agree as follows: 1. TERM. The term of this Agreement shall be from the date this Agreement is made and entered, as first written above, for three years from the date of acceptance of Consultant’s enterprise strategic plan (ESP) as set forth in Exhibit A. 2. INCORPORATION BY REFERENCE The Contractor’s fees and scope of work are incorporated in and made a part of this Agreement attached as Exhibit A. The City’s terms and conditions are hereby incorporated in an made a part of this Agreement as Exhibit B. The City’s insurance requirements and Consultant’s proof of insurance are hereby incorporated in and made part of this Agreement attached as Exhibit C. To the extent that there are any conflicts between the Contractor’s fees and scope of work and the City’s terms and conditions, the City’s terms and conditions shall prevail, unless specifically agreed otherwise in writing signed by both parties. 3. CITY'S OBLIGATIONS. For providing services as specified in this Agreement, there will be no up-front fees and Consultant. Consultant’s compensation proposal is 100% contingency based. The ESP report will document the established rates and specific recommendations for cost reduction. If the City approves and receives Consultant recommendations the City shall pay Consultant 50% of actual cost savings in quarterly installments over a period of three years. Page 763 of 850 4. CONTRACTOR'S OBLIGATIONS. For and in consideration of the payments and Agreements herein before mentioned to be made and performed by City, Consultant agrees with City to provide services as set forth in Exhibit A. 5. AMENDMENTS. Any amendment, modification or variation from the terms of this Agreement shall be in writing and shall be effective only upon approval by the City Manager. 6. COMPLETE AGREEMENT. This written Agreement, including all writings specifically incorporated herein by reference, shall constitute the complete Agreement between the parties hereto. No oral Agreement, understanding, or representation not reduced to writing and specifically incorporated herein shall be of any force or effect, nor shall any such oral Agreement, understanding, or representation be binding upon the parties hereto. 7. NOTICE. All written notices to the parties hereto shall be sent by United States mail, postage prepaid by registered or certified mail addressed as follows: City Finance City of San Luis Obispo 990 Palm St. San Luis Obispo, CA 93401 Attn: belke@slocity.org Contractor/Consultant Procure America 31103 Rancho Viejo Road #D2102 San Juan Capistrano, CA 92765 8. AUTHORITY TO EXECUTE AGREEMENT. Both City and Contractor do covenant that each individual executing this Agreement on behalf of each party is a person duly authorized and empowered to execute Agreements for such party. Page 764 of 850 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed the day and year first above written. CITY OF SAN LUIS OBISPO, A Municipal Corporation By:_____________________________ Derek Johnson, City Manager APPROVED AS TO FORM: CONTRACTOR ________________________________ By: __________________________________ J. Christine Dietrick, City Attorney Page 765 of 850 EXHIBIT A Statement of Work 1.) STATEMENT OF WORK: Procure America (PA) is pleased to provide the following cost reduction consulting services to Client (as selected by Client) with the resolve and purpose of reducing or recovering costs. Waste & Recycle Utilities Document Management Treasury Services Telecommunications Technology Optimization PA shall use its best efforts to obtain cost savings for Client’s benefit by analyzing Client’s policies, procedures, supplier contracts, past invoices and other pertinent information as it relates to the above selected expense categories set for review. PA will gather information as to Client’s needs (past, present and future) from Client’s service providers so as to build a solution that not only lowers cost, but also matches Client’s operational and corporate requirements and expectations. After analyzing Client’s current spending patterns, PA shall provide Client with a findings report outlining PA’s observations. PA’s report will include a review of operations, cost reduction recommendations and potential service level enhancements. The report’s recommendations will also include a comparison to the Client’s historical cost or “Established Rates” to clearly outline the cost savings generated b y this project. It is understood that despite PA’s recommendations, the Client has the right not to proceed with any of PA’s result findings or proposals.  2.) POST REVIEW PHASE: In the event that the Client wishes to proceed with PA’s recommendations as set forth in PA’s findings report, for the entire balance of the relationship with Client, PA will continue to consult with Client in an effort to continuously look for efficiencies in the chosen areas of focus. Periodically, the PA team will review Client’s invoicing and deliverables to ensure accountability by Client’s service providers with respect to the spirit and intent of the agreement between Client and the third-party service provider. This review will take into account service levels, cost controls and overall client satisfaction. Further, PA will continuously consult with Client to anticipate changes in service needs to ensure that the proper service provider, contract and procedures are in place to address Client’s go forward requirements. This Post Review consulting work comes to client at no additional cost, unless additional savings are generated. If additional savings are generated during the 36 month term of the Agreement after the initial findings, Client agrees to compensate PA for the savings at fifty percent of half of the actual realized savings. 3.) REVENUE SHARE: Client has in place certain existing costs as it pertains to the requested expense categories selected for review (“Established Rates”). PA’s findings report will document the Established Rates and specific recommendations for each service or product chosen for review and outline the methodolo gy used to generate PA’s report. Client and PA will then discuss and agree on the Established Rates for the targeted service or product as outlined in PA’s findings report. If Client elects to proceed with any or all of the recommendations as set forth in PA’s findings report, Client agrees to compensate PA for the savings outlined with the findings report. The Revenue Share to PA is fifty percent or half of the actual realized savings measured by the difference between the agreed upon Established Rates and Client’s new costs as set forth in PA’s findings report and documented through actual realized savings. In some cases, the PA staff may discover over billing, credits, rebates or other sources of revenue. This income is to be considered expense reduction for purposes of this Agreement and will be accounted for in the same manner as the Page 766 of 850 expense reduction savings. This revenue shall be shared with PA after the refunds or other credits are realized by Client. In other cases, PA may have the ability to recover rebates or other compensation by contractors or service providers. PA shall disclose this compensation to Client and both parties shall share this revenue as savings at the time the revenue is received. It may be necessary to institute cost reduction strategies within a specific expense category in stages. If this occurs, then each stage of implementation will be viewed with its own billing cycle. 4.) CLIENT PARTICIPATION: Client shall give its full cooperation to PA in providing all required documents, invoices, contracts and staff consultation time to PA’s evaluation team in order to conduct the expense reduction review. During the review process, Client agrees not to renegotiate, amend or extend in place contracts or introduce operational procedures/changes that will effect cost/pricing and or contractual obligations of the Client to the supplier . Any cost reduction made during the assessment process will be credited to PA’s presence and is therefore treated as such and factored into the shared revenue structure. During the course of the relationship between PA and Client, Client and PA understand that despite PA’s recommendations, suggestions, potential suppliers and other proposals, Client has the right not to proceed with said proposals. However, if Client does pursue any or all of the documented review recommendations (with or without PA’s further assistance), PA is entitled to the appropriate revenue share as outlined in Section 3 above. Client agrees to grant PA the right to review any materials (books, records, invoices, contracts or other information) related to the review category selected by Client in Section 1 above. PA is authorized to obtain information relating to the provider accounts directly from the providers personnel and provider websites. Any additional Client request or engagements, written or otherwise, to review supplementary expenses or income streams will also be governed by this Agreement. This Agreement shall commence with the Client’s first PA invoice per expense category and will be in effect for an initial 36 month term. Each expense reduction category carries its own 36 month term/billing cycle commencing on the first invoice for that particular practice group. If the savings is implemented in stages, each stage will carry its own 36 month term. PA and Client shall have the option to terminate this Agreement after the initial term with a 30 day prior written notice to the other party. 5.) CONFIDENTIALITY: Each party shall maintain in strict confidence all information received from the other party in the performance of this Agreement. Client acknowledges and agrees that any intellectual property developed or used by PA shall be the property of PA. IN WITNESS WHEREOF, Client has executed this Agreement to be effective on the date below. Client: By: Title: Signature: Date: _______________________________ Page 767 of 850 Procure America 31103 Rancho Viejo Road #D2102 San Juan Capistrano CA 92675 2 Page 768 of 850 EXHIBIT B GENERAL TERMS AND CONDITIONS 1. Insurance Requirements. The Contractor shall provide proof of insurance in the form, coverages and amounts specified in Section E of the City’s Request for Proposal referenced in paragraph 2 of the Agreement, unless changes are otherwise approved and agreed to in writing between the parties. If the Agreement is entered into outside of a Request for Proposal, Contractor shall provide proof of insurance in the form of coverages and amounts specified in Exhibit C. 2. Business License & Tax. The Contractor must have a valid City of San Luis Obispo business license & tax certificate before execution of the contract. Additional information regarding the City’s business tax program may be obtained by calling (805) 781-7134. 3. Ability to Perform. The Contractor warrants that it possesses, or has arranged through subcontracts, all capital and other equipment, labor, materials, and licenses necessary to carry out and complete the work hereunder in compliance with all federal, state, county, city, and special district laws, ordinances, and regulations. 4. Laws to be Observed. The Contractor shall keep itself fully informed of and shall observe and comply with all applicable state and federal laws and county and City of San Luis Obispo ordinances, regulations and adopted codes during its performance of the work. 5. Payment of Taxes. The contract prices shall include full compensation for all taxes that the Contractor is required to pay. 6. Permits and Licenses. The Contractor shall procure all permits and licenses, pay all charges and fees, and give all notices necessary. 7. Safety Provisions. The Contractor shall conform to the rules and regulations pertaining to safety established by OSHA and the California Division of Industrial Safety. 8. Public and Employee Safety. Whenever the Contractor’s operations create a condition hazardous to the public or City employees, it shall, at its expense and without cost to the City, furnish, erect and maintain such fences, temporary railings, barricades, lights, signs and other devices and take such other protective measures as are necessary to prevent accidents or damage or injury to the public and employees. 9. Preservation of City Property. The Contractor shall provide and install suitable safeguards, approved by the City, to protect City property from injury or damage. If City property is injured or damaged resulting from the Contractor’s operations, it shall be replaced or restored at the Contractor’s expense. The facilities shall be replaced or restored to a condition as good as when the Contractor began work. 10. Immigration Act of 1986. The Contractor warrants on behalf of itself and all Page 769 of 850 subcontractors engaged for the performance of this work that only persons authorized to work in the United State pursuant to the Immigration Reform and Control Act of 1986 and other applicable laws shall be employed in the performance of the work hereunder. 11. Contractor Non-Discrimination. In the performance of this work, the Contractor agrees that it will not engage in, nor permit such subcontractors as it may employ, to engage in discrimination in employment of persons because of age, race, color, sex, national origin or ancestry, sexual orientation, or religion of such persons. 12. Work Delays. Should the Contractor be obstructed or delayed in the work required to be done hereunder by changes in the work or by any default, act, or omission of the City, or by strikes, fire, earthquake, or any other Act of God, or by the inability to obtain materials, equipment, or labor due to federal government restrictions arising out of defense or war programs, then the time of completion may, at the City’s sole option, be extended for such periods as may be agreed upon by the City and the Contractor. In the event that there is insufficient time to grant such extensions prior to the completion date of the contract, the City may, at the time of acceptance of the work, waive liquidated damages that may have accrued for failure to complete on time, due to any of the above, after hearing evidence as to the reasons for such delay, and making a finding as to the causes of same. 13. Payment Terms. The City’s payment terms are 30 days from the receipt of an original invoice and acceptance by the City of the materials, supplies, equipment, or services provided by the Contractor (Net 30). 14. Inspection. The Contractor shall furnish City with every reasonable opportunity for City to ascertain that the services of the Contractor are being performed in accordance with the requirements and intentions of this contract. All work done, and all materials furnished, if any, shall be subject to the City’s inspection and approval. The inspection of such work shall not relieve Contractor of any of its obligations to fulfill its contract requirements. 15. Audit. The City shall have the option of inspecting and/or auditing all records and other written materials used by Contractor in preparing its invoices to City as a condition precedent to any payment to Contractor. 16. Interests of Contractor. The Contractor covenants that it presently has no interest, and shall not acquire any interest—direct, indirect or otherwise—that would conflict in any manner or degree with the performance of the work hereunder. The Contractor further covenants that, in the performance of this work, no subcontractor or person having such an interest shall be employed. The Contractor certifies that no one who has or will have any financial interest in performing this work is an officer or employee of the City. It is hereby expressly agreed that, in the performance of the work hereunder, the Contractor shall at all times be deemed an independent contractor and not an agent or employee of the City. 17. Hold Harmless and Indemnification. (a) Non-design, non-construction Professional Services: To the fullest extent permitted by Page 770 of 850 law (including, but not limited to California Civil Code Sections 2782 and 2782.8), Consultant shall indemnify, defend, and hold harmless the City, and its elected officials, officers, employees, volunteers, and agents (“City Indemnitees”), from and against any and all causes of action, claims, liabilities, obligations, judgments, or damages, including reasonable legal counsels’ fees and costs of litigation (“claims”), arising out of the Consultant’s performance or Consultant’s failure to perform its obligations under this Agreement or out of the operations conducted by Consultant, including the City’s active or passive negligence, except for such loss or damage arising from the sole negligence or willful misconduct of the City. In the event the City Indemnitees are made a party to any action, lawsuit, or other adversarial proceeding arising from Consultant’s performance of this Agreement, the Consultant shall provide a defense to the City Indemnitees or at the City’s option, reimburse the City Indemnitees their costs of defense, including reasonable legal fees, incurred in defense of such claims. (b) Non-design, construction Professional Services: To the extent the Scope of Services involve a “construction contract” as that phrase is used in Civil Code Section 2783, this paragraph shall apply in place of paragraph A. To the fullest extent permitted by law (including, but not limited to California Civil Code Sections 2782 and 2782.8), Consultant shall indemnify, defend, and hold harmless the City, and its elected officials, officers, employees, volunteers, and agents (“City Indemnitees”), from and against any and all causes of action, claims, liabilities, obligations, judgments, or damages, including reasonable legal counsels’ fees and costs of litigation (“claims”), arising out of the Consultant’s performance or Consultant’s failure to perform its obligations under this Agreement or out of the operations conducted by Consultant, except for such loss or damage arising from the active negligence, sole negligence or willful misconduct of the City. In the event the City Indemnitees are made a party to any action, lawsuit, or other adversarial proceeding arising from Consultant’s performance of this Agreement, the Consultant shall provide a defense to the City Indemnitees or at the City’s option, reimburse the City Indemnitees their costs of defense, including reasonable legal fees, incurred in defense of such claims. (c) Design Professional Services: In the event Consultant is a “design professional”, and the Scope of Services require Consultant to provide “design professional services” as those phrases are used in Civil Code Section 2782.8, this paragraph shall apply in place of paragraphs A or B. To the fullest extent permitted by law (including, but not limited to California Civil Code Sections 2782 and 2782.8) Consultant shall indemnify, defend and hold harmless the City and its elected officials, officers, employees, volunteers and agents (“City Indemnitees”), from and against all claims, damages, injuries, losses, and expenses including costs, attorney fees, expert consultant and expert witness fees arising out of, pertaining to or relating to, the negligence, recklessness or willful misconduct of Consultant, except to the extent caused by the sole negligence, active negligence or willful misconduct of the City. Negligence, recklessness or willful misconduct of any subcontractor employed by Consultant shall be conclusively deemed to be the negligence, recklessness or willful misconduct of Consultant unless adequately corrected by Consultant. In the event the City Indemnitees are made a party to any action, lawsuit, or other adversarial proceeding arising from Consultant’s performance of this Agreement, the Consultant shall provide a defense to the City Indemnitees or at the City’s option, reimburse the City Indemnitees their costs of defense, including reasonable legal fees, incurred in defense of such claims. In no event shall the cost to defend charged to Consultant Page 771 of 850 under this paragraph exceed Consultant’s proportionate percentage of fault. However, notwithstanding the previous sentence, in the event one or more defendants is unable to pay its share of defense costs due to bankruptcy or dissolution of the business, Consultant shall meet and confer with other parties regarding unpaid defense costs. (d) The review, acceptance or approval of the Consultant’s work or work product by any indemnified party shall not affect, relieve or reduce the Consultant’s indemnification or defense obligations. This Section survives completion of the services or the termination of this contract. The provisions of this Section are not limited by and do not affect the provisions of this contract relating to insurance. 18. Contract Assignment. The Contractor shall not assign, transfer, convey or otherwise dispose of the contract, or its right, title or interest, or its power to execute such a contract to any individual or business entity of any kind without the previous written consent of the City. 19. Termination for Convenience. The City may terminate all or part of this Agreement for any or no reason at any time by giving 30 days written notice to Contractor. Should the City terminate this Agreement for convenience, the City shall be liable as follows: (a) for standard or off-the-shelf products, a reasonable restocking charge not to exceed ten (10) percent of the total purchase price; (b) for custom products, the less of a reasonable price for the raw materials, components work in progress and any finished units on hand or the price per unit reflected on this Agreement. For termination of any services pursuant to this Agreement, the City’s liability will be the lesser of a reasonable price for the services rendered prior to termination, or the price for the services reflected on this Agreement. Upon termination notice from the City, Contractor must, unless otherwise directed, cease work and follow the City’s directions as to work in progress and finished goods. 20. Termination. If, during the term of the contract, the City determines that the Contractor is not faithfully abiding by any term or condition contained herein, the City may notify the Contractor in writing of such defect or failure to perform. This notice must give the Contractor a 10 (ten) calendar day notice of time thereafter in which to perform said work or cure the deficiency. If the Contractor has not performed the work or cured the deficiency within the ten days specified in the notice, such shall constitute a breach of the contract and the City may terminate the contract immediately by written notice to the Contractor to said effect. Thereafter, neither party shall have any further duties, obligations, responsibilities, or rights under the contract except, however, any and all obligations of the Contractor’s surety shall remain in full force and effect, and shall not be extinguished, reduced, or in any manner waived by the terminations thereof. In said event, the Contractor shall be entitled to the reasonable value of its services performed from the beginning date in which the breach occurs up to the day it received the City’s Notice of Termination, minus any offset from such payment representing the City’s damages from such breach. “Reasonable value” includes fees or charges for goods or services as of the last milestone or task satisfactorily delivered or completed by the Contractor as may be set forth in Page 772 of 850 SECTION H: INSURANCE REQUIREMENTS Consultant Services The Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the work hereunder by the Contractor, its agents, representatives, employees or subcontractors. Minimum Scope of Insurance. Coverage shall be at least as broad as: 1. Insurance Services Office Commercial General Liability coverage (occurrence form CG 0001). 2. Insurance Services Office form number CA 0001 (Ed. 1/87) covering Automobile Liability, code 1 (any auto). 3. Workers' Compensation insurance as required by the State of California and Employer's Liability Insurance. 4. Errors and Omissions Liability insurance as appropriate to the consultant's profession. Minimum Limits of Insurance. Contractor shall maintain limits no less than: 1. General Liability: $1,000,000 per occurrence for bodily injury, personal injury and property damage. If Commercial General Liability or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to this project/location or the general aggregate limit shall be twice the required occurrence limit. 2. Automobile Liability: $1,000,000 per accident for bodily injury and property damage. 3. Employer's Liability: $1,000,000 per accident for bodily injury or disease. 4. Errors and Omissions Liability: $1,000,000 per occurrence. Deductibles and Self‐Insured Retentions. Any deductibles or self‐insured retentions must be declared to and approved by the City. At the option of the City, either: the insurer shall reduce or eliminate such deductibles or self‐insured retentions as respects the City, its officers, officials, employees and volunteers; or the Contractor shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses. Other Insurance Provisions. The general liability and automobile liability policies are to contain, or be endorsed to contain, the following provisions: 1. The City, its officers, officials, employees, agents and volunteers are to be covered as insureds as respects: liability arising out of activities performed by or on behalf of the Contractor; products and completed operations of the Contractor; premises owned, occupied or used by the Contractor; or automobiles owned, leased, hired or borrowed by the Contractor. The coverage shall contain no special limitations on the scope of protection afforded to the City, its officers, official, employees, agents or volunteers. 2. For any claims related to this project, the Contractor's insurance coverage shall be primary insurance as respects the City, its officers, officials, employees, agents and volunteers. Any insurance or self‐insurance maintained by the City, its officers, officials, employees, agents or volunteers shall be excess of the Contractor's insurance and shall not contribute with it. Page 773 of 850 3. The Contractor's insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability. 4. Each insurance policy required by this clause shall be endorsed to state that coverage shall not be suspended, voided, canceled by either party, reduced in coverage or in limits except after thirty (30) days' prior written notice by certified mail, return receipt requested, has been given to the City. Acceptability of Insurers. Insurance is to be placed with insurers with a current A.M. Best's rating of no less than A:VII. Verification of Coverage. Contractor shall furnish the City with a certificate of insurance showing maintenance of the required insurance coverage. Original endorsements effecting general liability and automobile liability coverage required by this clause must also be provided. The endorsements are to be signed by a person authorized by that insurer to bind coverage on its behalf. All endorsements are to be received and approved by the City before work commences. Page 774 of 850 Agreement Page 13 the Agreement payment schedule; compensation for any other work, services or goods performed or provided by the Contractor shall be based solely on the City’s assessment of the value of the work-in- progress in completing the overall work scope. The City reserves the right to delay any such payment until completion or confirmed abandonment of the project, as may be determined in the City’s sole discretion, so as to permit a full and complete accounting of costs. In no event, however, shall the Contractor be entitled to receive in excess of the compensation quoted in its proposal. 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