Agmt21 Bear Electrical Solutions, Inc.

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and above -referenced endorsements sufficient to satisfaction of City's Risk Manager. In no event will Contractor commence any work under this Agreement until certificates of insurance and endorsements have been accepted by City's Risk Manager. 12.4 Failure to Maintain Coverage. If Contractor fails to comply with these insurance requirements, then City will have the option to declare Contractor in breach, or may purchase replacement insurance or pay the premiums that are due on existing policies in order to maintain the required coverages. Contractor is responsible for any payments made by City to obtain or maintain insurance and City may collect these payments from Contractor or deduct the amount paid from any sums due Contractor under this Agreement. 12.5 Submission of Insurance Policies. City reserves the right to require, at any time, complete copies of any or all required insurance policies and endorsements. 13. Payment and Performance Bonds. Contractor is required to provide a payment bond and a performance bond, each in the penal sum of not less than 100% of the compensation payable to Contractor, using bond forms provided by City. Each bond must be issued by a surety admitted in California. 14. Business License. Contractor will obtain and maintain a City of Redwood City Business License for the term of the Agreement, including any extension terms. 15. Ownership of Documents. If Exhibit "A" or any task order or purchase order under this Agreement lists a document, report, or other material as an item to be provided by Contractor to City (a "Deliverable"), such Deliverable will be and remain the property of City. Contractor will provide a copy of all Deliverables to City in their native format. Contractor may retain one copy of any Deliverable for its internal records, but it may not use a Deliverable for any other purpose without the prior written consent of City. Any reports and other material prepared by or on behalf of Contractor under this Agreement that are not Deliverables (collectively, the "Contractor Documents") will be and remain the property of Contractor. City may request copies of Contractor Documents, and to the extent Contractor agrees to provide copies of such Contractor Documents, they may be used by City and its agents, employees, representatives, and assigns, in whole or in part, or in modified form, for all purposes City may deem appropriate without further employment of or payment of any compensation to Contractor. 16. Maintenance of Records. Contractor will maintain complete and accurate records with respect to costs incurred under this Agreement. All records will be clearly identifiable. Such records will not be Deliverables prepared for City and will be Contractor Documents for purposes of this Agreement. Nothing herein will convert such records into public records, and they will be available only to City and any specified public agencies. Contractor will allow a representative of City during normal business hours to examine, audit, and make transcripts or copies of records and any other documents created pursuant to this Agreement. Contractor must maintain all of its records relating to the Work in any form, including paper documents, photos, videos and electronic records. REV: 12-21-2020 PR ATTY/AGR.2020.306/Bear Electrical Solutions (Page 7 of 35)