Laserfiche WebLink
REV: 11-09-2021 RL <br />Employer’s Liability limits with limits not less than $1,000,000 per each accident <br />for bodily injury or disease. The Worker’s Compensation policy will contain an <br />endorsement stating that the insurer waives any right to subrogation against the <br />City, its officers, agents, employees, and volunteers. The Workers’ Compensation <br />and Employer’s Liability Insurance will not be required if Vendor provides the City <br />with a declaration, to the City’s satisfaction, that Vendor has no employees. <br /> <br />1.2. Notice of Cancellation. This insurance will be in force during the life of the <br />Master Purchase Agreement and any extensions of it and will not be canceled without <br />Vendor providing thirty (30) days prior written notice to City sent pursuant to the <br />Notice provisions of this Master Purchase Agreement. <br />1.3 Providing Certificates of Insurance and Endorsements. Prior to City’s <br />execution of this Master Purchase Agreement, Vendor will provide to City certificates <br />of insurance and above-referenced endorsements sufficient to satisfaction of City’s <br />Risk Manager. In no event will Vendor commence any work or provide any Services <br />under this Master Purchase Agreement until certificates of insurance and <br />endorsements have been accepted by City’s Risk Manager. <br />1.4 Failure to Maintain Coverage. If Vendor fails to comply with these insurance <br />requirements, then City will have the option to declare Vendor in breach, or may <br />purchase replacement insurance or pay the premiums that are due on existing <br />policies in order to maintain the required coverages. Vendor is responsible for any <br />payments made by City to obtain or maintain insurance and City may collect these <br />payments from Vendor or deduct the amount paid from any sums due Vendor under <br />this Master Purchase Agreement. <br />1.5 Submission of Insurance Policies. City reserves the right to require, at any <br />time, complete copies of any or all required insurance policies and endorsements. <br />G. Invoices. <br />Invoices must contain the purchase order number, description of Goods, unit of <br />measurement and price, quantities billed, extended totals, and an itemized list of all <br />applicable State Sales Taxes, Use Taxes, and California Spill Recovery Fees. Vendor <br />shall submit detailed invoices to: <br />Redwood City Public Works <br />Attention: Fleet and Facilities Division <br />1400 Broadway <br />Redwood City, CA 94063 <br />H. Payment Terms. <br />The base price per gallon, or $OPIS price, shall be the rack average price listed on <br />the San Jose, CA OPIS Gross Standard daily (10:00 A.M. EST Contract Average) <br />rack benchmark price reports adjusted to include CAR and LCFS costs. Vendor shall <br />provide the gasoline and diesel fuel outlined herein for the base price per gallon, or $OPIS <br />price, +/- the Vendor’s Fixed Price Differential per Gallon based on the following pricing <br />table for a total not-to-exceed amount of $750,000.00 per contract term: <br />ATTY/AGR.2021.283/Bosco Oil, Inc. (Page 10 of 11)