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  2. Finance Committee - Agenda - 2/17/2021 - P124

Finance Committee - Agenda - 2/17/2021 - P124

By dnadmin on Mon, 11/07/2022 - 13:47
Document Date
Fri, 02/12/2021 - 11:32
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 02/17/2021 - 00:00
Page Number
124
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__021720…

GENERAL REQUIREMENTS

A. Tobe eligible for an award, a Bidder must be deemed "responsible". A responsible Bidder:
e has the ability, capacity and skill to provide the goods or services required
e can provide the goods or services within the time frame specified
e has a satisfactory record of integrity, reputation, judgment and experience
e has sufficient financial resources to provide the goods or services
e has an ability to provide future maintenance and support as required
e has developed a positive track record with the City of Nashua to the extent the Bidder has
previously provided goods or services.

B. The Successful Bidder will be required to provide the City with certificates of insurance for coverage
as listed below and endorsements affecting coverage required by the contract within ten (10)
calendar days after the City issues the notice of award. The City requires thirty (30) calendar days
written notice of cancellation or material change in coverage. The certificate and endorsements for
each insurance policy must be signed by a person authorized by the insurer and who is licensed by
the State of New Hampshire. 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:

e General Liability insurance in the amount of $1,000,000 per occurrence and $2,000,000
aggregate

e $1,000,000 Combined Single Limit Automobile Liability (coverage must include all
owned, non-owned and hired vehicles)

e Workers' Compensation Coverage in compliance with the State of New Hampshire statutes,
$100,000/$500,000/$100,000

All Bidders and subcontractors at every tier under this project will fully comply with NH RSA
Chapter 281-A, “Workers’ Compensation”.

C. It is the responsibility of the Successful Bidder to submit, to the City, certificates of insurance for the
Successful Bidder and all other subcontractors prior to the start of the project. It is the responsibility
of the Successful Bidder to provide the City with updated certificates of insurance for the Successful
Bidder and all subcontractors 10 days prior to the expiration of coverage. The City may, at any time,
order the Successful Bidder to stop work, suspend the contract or terminate the contract for non-
compliance. All subcontractors are subject to the same insurance requirements as the Successful
Bidder.

D. The Successful Bidder will be required to post the following bonds. Cost of bond premiums to be
incorporated into the bid item costs.

¢ Bid Bond: A bid guarantee from each bidder equivalent to 5% of the bid price. The “bid
guarantee” must consist of a firm commitment such as a bid bond, certified check, or other
negotiable instrument accompanying a bid as assurance that the bidder will, upon acceptance
of the bid, execute such contractual documents as may be required within the time specified.

1FB1093-121620 Dry Well Hoist Replacement Page | 4 of 7
229 Main Street ¢ Nashua, New Hampshire 03061 ¢ Phone (603) 589-3330 ¢ Fax (603) 589-3233

Page Image
Finance Committee - Agenda - 2/17/2021 - P124

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