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SMITH-EMERY GEOSERVICES <br /> <br /> August 25, 1997 <br /> Proposal No.: SF 97-090 <br />INSURANCE <br /> <br />Smith-Emery GeoServices carries the maximum amount of liability insurance available <br />to thc firm. This extensive coverage is available because of our 93-year business history, <br />our excellent financial condition, and the substantial volume of testing and inspection <br />business completed each year. <br /> <br />Current limits of insurance coverage are: Professional Liability coverage of $1,000,000; <br />General Liability of $1,000,000; Auto Liability of $3,000,000; and W.C. of $1,000,000. <br /> <br />FINANCIAL STATUS <br /> <br />Smith-Emery GeoServiccs enjoys a strong and stable financial condition achieved <br />through good business management, steady growth, and continued investment in <br />equipment and personnel. Wc have thc financial strength to sec your project through to <br />completion. Our bank, Comcrica Bank - Los Angeles can substantiate our financial <br />strength. <br /> <br />Thank you for allowing us the opportunity to provide material testing and inspection <br />services for The City of Redwood City again. We look forward to working with the City <br />on this project. If you have any questions or comments regarding our proposal, please <br />contact mc at 415.330.3000 Ext. 128. <br /> <br />Respectfully submitted, <br />SMITH-EMERY GEOSERVICES <br /> <br />PATRICK MORRISON <br />GeoServices Manager, SF <br />Project Geologist <br /> <br /> 10 <br /> <br /> <br />