5.3.1The public liability insurance shall be in the form of commercial general liability with the inclusion of contractual
liability coverage and shall provide limits of $1,000,000 each person and $2,000,000 each occurrence for bodily
injury liability, and $2,000,000 each occurrence for property damage liability; and,
5,3.2The automobile liability insurance shall be in the form of comprehensive automobile liability and shall provide
limits of $1,000,000 combined single limit for bodily injury and property damage each accident. Must cover for
“Any Auto” — including Owned, Non-Owned and Hired Automobile Liability.
§.3.3The Workers’ Compensation and Employers Liability must carry coverage for Statutory Workers’ Compensation
and Employers Liability minimum limit of, $100,000 each accident/$500,000 Disease Policy Limit/$ 100,000
Disease — Each Employee.
§.3.4Professional Liability (Errors and Omissions) must carry minimum limits of $1,000,000 each claim and
$3,000,000 annual aggregate.
5.4 Prior to starting the revaluation, Contractor shall provide certificates of insurance by a State of NH licensed insurer
confirming the required insurance coverage for Municipality with which the appraisal Contractor is contracting.
The contractor shall submit the certificates to Municipality and provide a copy to the DRA not less than 10 days
prior to commencing work and remain in force until the entire job is completed. General Liability, Employer’s
Liability and Auto Liability policies must name the City of Nashua as an additional insured and reflect on the
certificate of insurance and the Workers’ Compensation Subrogation Waiver policy endorsement must accompany
the Certificate of Insurance. Contractor is responsible for filing updated certificates of insurance with the City of
Nashua during the life of the contract.
5.5 Contractor shall provide Municipality and the DRA a ten (10) day advance written notice of the cancellation or
material change in the required insurance coverage.
PERFORMANCE BOND
6.1 Contractor, before starting any full statistical revaluation work and on an annual basis thereafter, shall deliver an
executed bond or irrevocable letter of credit in favor of Municipality, or as otherwise agreed upon, with which it is
contracting to assure faithful and satisfactory performance of the contract, and provide a copy to the DRA. The
amount of such bond or letter of credit shall be no less than the amount of compensation to be paid by
Municipality to Contractor for services to be performed, and shall not expire before final values are submitted to
and accepted by the municipal assessing officials.
ESTIMATED SIZE OF REVALUATION
7.1 Itis agreed between the parties that the entire revaluation consists of an estimate of 28,559 parcels as defined by
RSA 75:9.
ADDENDUMS, AMENDMENTS AND APPENDIXES
8.1 Addendums, amendments and appendixes pertaining to this contract may be added only by separate instrument in
writing and shall meet all requirements of Section 2.1.
MISCELLANEOUS
91 Termination: This contract may be terminated by Municipality on 14 calendar day’s written notice to
Contractor, with a copy to the DRA, in the event of a failure by Contractor to adhere to any or all the
terms and conditions of the contract or for failure to satisfactorily complete or make sufficient progress
on the work in a timely and professional manner and such failure is not cured by Contractor within 14
calendar days’ of receipt of such written notice. Contractor shall be given an opportunity for consultation
with the Municipality prior to the effective date of the termination.
9.1.1 Upon receipt of notice of termination, Contractor shall:
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