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HomeMy WebLinkAboutPROPERTYBUREAU ONLINE - CONTRACT - CONTRACT - PROPERTY BUREAUSERVICES AGREEMENT THIS AGREEMENT made and entered into the day and year set forth below by and between THE CITY OF FORT COLLINS, COLORADO, a Municipal Corporation, hereinafter referred to as the "City" and PROPERTY BUREAU, hereinafter referred to as "Service Provider". WITN— ESSETH_ In consideration of the mutual covenants and obligations herein expressed, it is agreed by and between the parties hereto as follows: 1 . Scope of Services The Service Provider agrees to provide services in accordance with the scope of services attached hereto as Exhibit "A", consisting of three (3) pages, and incorporated herein by this reference. 2. Contract Period, This Agreement shall commence upon the date of execution shown on the signature page of this Agreement and shall continue in full force and effect for one (1) year, unless sooner terminated as herein provided. In addition, at the option of the City, the Agreement may be extended for an additional period of one (1) year at the rates provided with written notice to the Service Provider mailed no later than ninety (90) days prior to contract end. 3. Delay. If either party is prevented in whole or in part from performing its obligations by unforeseeable causes beyond its reasonable control and without its fault or negligence, then the party so prevented shall be excused from whatever performance is prevented by such cause. To the extent that the performance is actually prevented, the Service Provider must provide written notice to the City of such condition within fifteen (15) days from the onset of such condition. 4. Early Termination by City/Notice. Notwithstanding the time periods contained herein, the City may terminate this Agreement at any time without cause by providing written notice of termination to the Service Provider. Such notice shall be delivered at least fifteen (15) days prior to the termination date contained in said notice unless otherwise agreed in writing by the parties. All notices provided under this Agreement shall be effective when mailed, postage prepaid and sent to the following addresses: SA 10/01 1 EXHIBIT C COST BREAKDOWN 1. The total amount paid by the purchaser shall be called the "Sales Price". The Sales Price shall include the winning bid amount (the "Winning Bid") and all costs, shipping and handling charges, taxes, and insurance costs associated with the transaction and paid by the purchaser. 2. For each item of Property, Owner (i.e., the City of Fort Collins) will be credited with 50% of the first $1,000 of the Winning Bid and 75% of the portion, if any, of the Winning Bid that exceeds $1,000. From this amount, the owner's pro rata share of the transaction fees, if any, assessed by the credit card processor ("Credit Card Costs") will be deducted. 3. Credit Card Costs will be borne by Owner and PropertyBureau in proportion to the percentage of the revenue credited to the parties for each underlying transaction. 4. Amounts received by the Owner will be called "Owner's Net Proceeds". The following example illustrates how proceeds of a sale are to be allocated. Assume an item of Property sells at auction for a Winning Bid of $100; the buyer pays shipping and handling of $10, insurance of $2, and sales tax of $6. The buyer pays the Sales Price of $1 18.00 by credit card, and the Credit Card Costs are 2% of the Sales Price. The Credit Card Cost is therefore $2.36 ($118 x .02). The Owner and PropertyBureau each share 50% of the underlying Winning Bid, therefore Credit Card Costs are also shared equally ($1.18 each). The Owner's Net Proceeds are $48.82 ($50.00 less $1.18), EXHIBIT D PROPERTY MANIFEST FORM (see attached) Attached is a copy of the Property Manifest Fonn in electronic format. City of Fort Collins Police Services will fill out the forni electronically, and submit it to City of Port Collins Purchasing Division for review and approval. The hard -copy Fonn will be signed and returned to Police Services before product is to be picked up by PropertyBureau. NOTE: PropertyBureau is not to accept product from the City of Fort Collins for pickup without Purchasing Department signature on the Property Manifest Form, authorizing product release. Property Manifest Name or Department: NAME OR DEPARTMENT Pickup Address: STREET ADDRESS CITY, STATE ZIPCODE i Date: Page Number. Line # Qty. Description Serial # Your Reference Numbers(company PB SKU use only) Manifest Detail Verified: Received From: []At Pick Up ❑ At Processing Center Driver Acceptance: (PB Count Final; discrepancies will be reported promptly). ID Check Required ❑ ID Checked ❑ PURCHASING DEPT. SIGNATURE REQUIRED TO AUTHORIZE PRODUCT RELEASE: Property Bureau Agency Information Designation: 0219 SALES iNFORMATION: AGENCY: Fort Collins Police Department CONTACT: Katrin Bonham ADDRESS: 300 Laporte Ave CITY: Fort Collins STATE: CO ZIP: 80521 PHONE: (970) 221-6835 FAX: (970) EMAIL: ACCOUNTING INFORMATION: CHECK MADE OUT TO: Fort Collins Police Department PROCEEDS ALLOCATION: GENERAL FUND, YES/NO ADDRESS: 300 Laporte Ave, Fort Collins, CO 80521 CONTACTS TO RECEIVE REPORTS: 1. Katrin Bonham EMAIL: 2. Ed Bonnette EMAIL: ebonnette@fcgov.com 3. EMAIL: DISTRIBUTION INFORMATION: PROPERTY ROOM CONTACT: Katrin Bonham ADDRESS: See Above PHONE: (970) 221-6835 FAX:( ) EMAIL: FIRST PICK UP DATE: PICK UP INTERVALS: NUMBER OF ITEMS: NUMBER OF PICKUP LOCATIONS: ( ) SQUARE FEET: DISPOSITION OF NON -SALEABLE ITEMS: DONATE- YES /NO DESTROY- YES/NO RETURN- YES/NO PROPERTY BUREAU/AGENCY MANIFEST: YES/NO IT INFORMATION: URL NUMBER: httpi/ifegov.com/police CONTRACT SIGNED BY: James O'Neill TITLE: Director of Purchasing RENEWAL DATE: ACORD CERTIFICATE OF LIABILITY INSURANCE DAIS `YMIDDM YY) 9/12911003 THIS E T1 IC ISSUED AS A NWTTE Of NFORMU►TION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE Lyidy kilt Company - License 11OC36891 ALTER THE COVERAGE AFFODOES RDED NO THE FEND,POLICIES EXTEND OR 11300 West Olympic SM. Sub 910 µA3C tY INSURERS AFFORDING COVERAGE INSURED PROPERTYBUREAU.COM do Reed Huy 3551 Camino Miu Cost&, Sulte San Clemente CA 92672 THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE PUUCT rtmUU INUI. dcv. ,..C,..,,. , ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POUCIES. AGGREGATE LIMITS SNOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. POLICY NUMBER wY Ex LIMITS A GENERAL LIAwLRY X COMMERCIALGENERALLIABILITY IMS MADE O OCCUR CLAW 2CF5561 0112712003 0112712004 EACH OCCURRENCE $1 DOD 000 .�.eon.+v. 5000 MEO EXP M oM usan 1 ON PERSONAL S ADV INJURY S 1000 000 GENERAL AGGREGATE S 21=m GEITL AGGREGATE LIMIT APPLIES PER: X POLICY PR LOC PRODUCTS. COMPJOP AGO S INCLUDED B AUTOMOBILE LL40UTY ANYAUTO ALL OV&W AUTOS SCHEDULED AUTOS HIRED AUTOS NON-OVMED AUTOS 1 vehicle only 019626090 1212712W2 12/2712003 - COMBINED SINGLE LIMIT (Eaaoddwn) $ 1,000,000 BODILY INJURY (Fw Foram) S X BODILY INJURY (P.r aadArd) S PROPERTY DAMAGE F OAAAOE LIABILITY ANY AUTO AUTO ONLY -EA ACCIDENT S OTHER THAN EA ACC AUTO ONLY•. AGO S EXCIESSIUMBRELLA LIABILITY OCCUR CLAIUS MADE DEDUCTIBLE RETENTION S EACH OCCURRENCE s AGGREGATE S s S S WORKERS COMPENSATION AND Inammynns, LLAa1LJTY ANY PROPRMTOPJPARTNERIEXECUTNE OFFICM MEMBER EXCLUDEDI S tlMrnW r VWC, TA?U_$ OTH E.L EACH ACCIDENT EL. DISEASE• EA EMPLOYEE s E.L. DISEASE - POLICY LIMIT S OTHER DSfCgN+TION OF OPERATIONS f LOCATIONS I VONCLES / EXCLUSIONS ADDED BY ENOWAEMENT1 SPECIAL PROVISIONS J CERTIFICATE HOLDER IS NAMED ADDITIONAL INSURED AS RESPECTS TO GENERAL. L" LRY COVERAGE RE: CERTIFICATE ADMINISTRATORJtREEF 'Ezce 10 da for non of mnlum CIO MARSH RISK AND INSURANCE SERVICES 1. 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F�A(V�IS�q,�A �Q•��2*t?�Oz I ,+ � _� _ �;>�:;,, 1 � Y41 t4l�,) NQRKERB' OOMPPNSATION INS,PRANCE . { P.QLIC,Y'NI44p.kR, n ) ' �' , '•.CERj'IFICQTt;:.lp � rs i, � 8 q ,,, 1.,:\ r, `. l� i1 f, T GFA JPIGATE EXPIRES 04 02-2004,I\� 7;• t,1.,aIIt *FnG�1 s 'n'n. :�,.(•:r Tr�r�)c, 4Y I�'• 40'l ti T'IT�V�Y`�iT M!nll�. Mrf/llM �t(('ry0 )1jf�rKors' �r)mPpft atlpn Insuran�6 PQ�+ax I,FY j jprm ,pprl xea )pYer ftyrT,gd be14tN Jar we Panay Pprwd Jndl lred• 'T, � �' • r Rallcy 04 ccolleA pnvr. to )�S r�gjfnptt4xPFra tlon � d44§: nqt amend extond'or alter",j1ia ggvar�8.e PfitPrdgdf Slt,:.term Or.cpndlti Pf •affy•SQntraoc or'gth@f dpcumont �� �, issµpd or jay Per 4 anSJ��anC® atfgrd®d hT thg 'K f r+ 514R5.?f)lI�.CQndiU0f7S of such ooLcies. 1 P.�S4; NOfiT FrFFE:;Y Q4 Q2^24Q3 x �ITTACF TQ pNq^ t4+ r, t: i+ !-"k.. '1 E-,t)r ... .. Jr .... r,.. ..', '.I .vrl.. ,. •,, kli r..Y({� �1. ..�Y:�_ ,d y . r-1 L ,n 1 C.I t2 -K• I '.:: " f v I -4 1 r. t", , t•,r ♦' ^ (e ll� ..jjI.W 1 Il"Z�: +Y f'At + F,= rt � 4: , t i "y h ;,rl"�p 1�r157 - 1 ' .. 3� •Y. E,S:' it ++. 'l� �'A T .+I, 1:.1, t,✓yrf �.,(Y, I?.`JtitJtY l4 �i f:; „•L,.'aLj ri1 .r�+YT�n trP M r 1 Y: 1! 1 pp� r'. PRINTEp:. 7�"A.RM." n�ltl�itdsi�i'ii IC77'71tRa-"tzv»irs�.. _ .. PQ4�9�a�: City: Ed Bonnette, C.P.M., CPIM, Buyer City of Fort Collins Purchasing Division P.O. Box 580 Fort Collins, CO 80522 Service Provider: Thomas Lane, CEO/Chairman PropertyBureau.com, Inc. 3551 Camino Mira Costa, Suite C San Clemente, CA 92672 In the event of early termination by the City, the Service Provider shall be paid for services rendered to the date of termination, subject only to the satisfactory performance of the Service Provider's obligations under this Agreement. Such payment shall be the Service Provider's sole right and remedy for such termination. 5. Contract Sum. The City shall pay the Service Provider for the performance of this Contract, in accordance with the Cost Breakdown attached hereto as Exhibit "C", consisting of one (1) page, and incorporated herein by this reference. 6. City Representative. The City will designate, prior to commencement of the work, its representative who shall make, within the scope of his or her authority, all necessary and proper decisions with reference to the services provided under this agreement. All requests concerning this agreement shall be directed to the City Representative. 7. Independent Service provider, The services to be performed by Service Provider are those of an independent service provider and not of an employee of. the City of Fort Collins. The City shall not be responsible for withholding any portion of Service Provider's compensation hereunder for the payment of FICA, Workmen's Compensation or other taxes or benefits or for any other purpose. 8. Personal Services. It is understood that the City enters into the Agreement based on the special abilities of the Service Provider and that this Agreement shall be considered as an agreement for personal services. Accordingly, the Service Provider shall neither assign any responsibilities nor delegate any duties arising under the Agreement without the prior written consent of the City. 9. Acceptance Not Waiver. The City's approval or acceptance of, or payment for any of SA 10101 2 the services shall not be construed to operate as a waiver of any rights or benefits provided to the City under this Agreement or cause of action arising out of performance of this Agreement. 10. Warranty. (a) Service Provider warrants that all work performed hereunder shall be performed with the highest degree of competence and care in accordance with accepted standards for work of a similar nature. (b) Unless otherwise provided in the Agreement, all materials and equipment incorporated into any work shall be new and, where not specified, of the most suitable grade of their respective kinds for their intended use, and all workmanship shall be acceptable to City. (c) Service Provider warrants all equipment, materials, labor and other work, provided under this Agreement, except City -furnished materials, equipment and labor, against defects and nonconformances in design, materials and workmanship/workwomanship for a period beginning with the start of the work and ending twelve (12) months from and after final acceptance under the Agreement, regardless whether the same were furnished or performed by Service Provider or by any of its subcontractors of any tier. Upon receipt of written notice from City of any such defect or nonconformances, the affected item or part thereof shall be redesigned, repaired or replaced by Service Provider in a manner and at a time acceptable to City. 11. Default. Each and every term and condition hereof shall be deemed to be a material element of this Agreement. In the event either party should fail or refuse to perform according to the terms of this agreement, such party may be declared in default thereof. 12. Remedies. In the event a party has been declared in default, such defaulting party shall be allowed a period of ten (10) days within which to cure said default. In the event the default remains uncorrected, the party declaring default may elect to (a) terminate the Agreement and seek damages; (b) treat the Agreement as continuing and require specific performance; or (c) avail himself of any other remedy at law or equity. If the non -defaulting party commences legal or equitable actions against the defaulting party, the defaulting party shall be liable to the non - defaulting party for the non -defaulting party's reasonable attorney fees and costs incurred because of the default. 13. Binding Effect. This writing, together with the exhibits hereto, constitutes the entire SA 10101 3 agreement between the parties and shall be binding upon said parties, their officers, employees, agents and assigns and shall inure to the benefit of the respective survivors, heirs, personal representatives, successors and assigns of said parties. 14. Indemnity/insurance. a. The Service Provider agrees to indemnify and save harmless the City, its officers, agents and employees against and from any and all actions, suits, claims, demands or liability of any character whatsoever brought or asserted for injuries to or death of any person or persons, or damages to property arising out of, result from or occurring in connection with the performance of any service hereunder. b. The Service Provider shall take all necessary precautions in performing the work hereunder to prevent injury to persons and property. c. Without limiting any of the Service Provider's obligations hereunder, the Service Provider shall provide and maintain insurance coverage naming the City as an additional insured under this Agreement of the type and with the limits specified within Exhibit B, consisting of one (1) page, attached hereto and incorporated herein by this reference. The Service Provider before commencing services hereunder, shall deliver to the City's Director of Purchasing and Risk Management, P. O. Box 580 Fort Collins, Colorado 80522 one copy of a certificate evidencing the insurance coverage required from an insurance company acceptable to the City. 15. Entire Agreement. This Agreement, along with all Exhibits and other documents incorporated herein, shall constitute the entire Agreement of the parties. Covenants or representations not contained in this Agreement shall not be binding on the parties. 16. Law/Severability. The laws of the State of Colorado shall govern the construction interpretation, execution and enforcement of this Agreement. In the event any provision of this Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision of this Agreement. SA 10/01 4 17. Special Provisions. Special provisions or conditions relating to the services to be performed pursuant to this Agreement are set forth in Exhibit D Property Manifest, consisting of two (2) pages, attached hereto and incorporated herein by this reference. CITY OF FORT COLLINS, COLORADO a municipal corporation By: James 9. O'Neill 11, CPPO, FNIGP "iirector of Purchasing and Risk Management Date: /o -9 -o3 By: a•-. . PRINT NAME CORPORATE PRESIDENT OR VICE PRESIDENT Date:__-b'3 " 3 ATTEST: (Corporate Seal) CORPORATE SECRETARY SA 10/01 6 EXHIBIT A SCOPE OF WORK Property to be Sold. From time to time, The City of Fort Collins will designate items of personal property (the "Property") that it desires to provide to PropertyBureau for Disposition Services. PropertyBureau retains the right to accept or reject certain items in its sole discretion. 2. Title. The City of Fort Collins ("Owner") shall retain legal title to the Property until it is purchased by auction or otherwise disposed of in accordance with this Agreement at which time Owner will be deemed to have transferred title to the purchaser or other acquirer of the item of Property. All cash receipts, accounts receivable, contract rights, notes, general intangibles, and other rights to payment of every kind, arising out of the sales and dispositions of Property (collectively the "Proceeds") belong to Owner, subject to PropertyBureau's right to PropertyBureau's Net Proceeds and funds attributable to Credit Card Costs and other transaction costs. Owner's Property shall, at all times before sale or disposition, be subject to the direction and control of Owner. 3. Method of Selling Property. PropertyBureau will, on Owner's behalf, list Property for sale by auction to the public on the World Wide Web of the Internet on one or more domain names selected by PropertyBureau. To the extent that any Property is not sold by auction, PropertyBureau may, in any commercially reasonable manner selected by PropertyBureau, dispose of Property. PropertyBureau will determine all aspects, terms and conditions of auctions of Property and dispositions of Property not purchased at auction, subject to the ultimate control of Owner. PropertyBureau will. be responsible for all phases of submitting the Property for auction, including, but not limited to, determining when Property will be auctioned, setting the opening and reserve prices of Property, if any; determining the selling price, setting the length of time a Product will be auctioned; creating text and graphics to describe and depict Property submitted for auction; collecting all purchaser information (such as purchaser's name, billing address, shipping address, and credit card information); approving purchasers' credit card purchase transactions; and collecting auction proceeds for completed sales from purchasers. PropertyBureau shall use its best efforts in auctioning and selling the Property on the Internet and disposing of Property that does not sell at auction. PropertyBureau shall sell and dispose of all Property "as is" without any liability to the Owner. PropertyBureau is solely responsible for identifying and resolving sales and use tax collection issues arising from Property sales, including the necessity of charging and collecting such taxes. Payment Terms. Not later than the 151h of each month, PropertyBureau will pay to Owner the amount of Owner's Net Proceeds payable for completed sales during the preceding month. Sales are deemed completed when all items comprising a line item on the original manifest or other list of Property are sold. With each monthly payment, PropertyBureau will deliver to Owner a detailed report of completed sales activity for the preceding month showing PropertyBureau's calculation of the amount of Owner's Net Proceeds for the month. With each payment of Owner's Net Proceeds, PropertyBureau will deliver to Owner a written report setting forth the following information for the immediately preceding month: (i) the completed sales during the prior month, including the total amount of related proceeds collected, the Owner's and PropertyBureau's share of Credit Card Costs, the Owner's Net Proceeds; (ii) other dispositions of Property during the month; (iii) the Property, if any, inventoried by PropertyBureau at the end of the month. 5. Conflicts of Interest. By the Charter of the City of Fort Collins Colorado; no officer, employee, or relative of an employee of the City of Fort Collins shall, directly or indirectly, purchase by bid or auction any personal property of the City of Fort Collins. PropertyBureau has assigned "0219" as the four -digit prefix for the City of Fort Collins Property Room items. Also, PropertyBureau and its employees and agents may not directly or indirectly bid for or purchase auctioned Property on the PropertyBureau websites. 6. Non -Exclusivity. This is not an Exclusive Agreement for Auction Services. The City of Fort Collins reserves the right to utilize other Auction Services and/or other means of conduction Public Auctions, Bids, or Sales for Police Evidence and/or disposition of other surplus public property; to achieve the best value for the City. 7. PropertyBureau All -Inclusive Services. PropertyBureau agrees to provide the following additional services at no extra charge: a. Pickup, transport, and deliver all City of Fort Collins items to their Processing Center. b. Pick -Up Driver verifies each line item on the manifest, which is then bar- coded and assigned a unique SKU number. A duplicate bar-code is placed on the item itself. c. Digitally photograph each item for Auction. d. Inspect and clean all items. Perform electrical and mechanical testing. Repair if feasible. e. Conduct research to provide accurate descriptions of items for sale. Solicit appraisals, where necessary, to set appropriate minimum bid limits (reserves) for high -value items. f. Package and ship items from their Processing Center directly to the buyer. g. Receiving personnel verify manifest against physical barcoded items upon arAval at Processing Center. Immediate feedback and resolution on any discrepancies. 8. PropertyBureau's Obligations Concerning Property in Its Possession. With respect to Property in PropertyBureau's possession: (i) PropertyBureau will exercise due care in the handling and storage of any Property; (ii) PropertyBureau shall keep the Property free of liens, security interests, and encumbrances, and shall pay when due all fees and charges with respect to the Property; (iii) PropertyBureau shall sign and deliver to Owner any UCC-1 financing statements or other documents reasonably requested by Owner; (iv) PropertyBureau shall obtain and maintain insurance in an amount (determined by PropertyBureau) not less than the replacement value of Property in its possession. The insurance will cover the Property against fire, theft, and extended coverage risks ordinarily included in similar policies. PropertyBureau shall give Owner an insurance certificate upon Owner's request; and (v) If PropertyBureau returns any Property to Owner, PropertyBureau shall pay all freight charges, insurance and related costs to return the Property to Owner's nearest warehouse. PropertyBureau, at PropertyBureau's expense, shall insure Property during shipping in an amount not less than the replacement value of any item of Property returned to Owner. 9. Owner's Obli ations. Owner will complete paperwork reasonably necessary to convey custodial possession of the item of property to PropertyBureau, including a written manifest or list that describes the item of Property in sufficient detail for identification. Note: Manifest form must have City of Fort Collins Purchasing Dept. signature to authorize product release for pickup by PropertyBureau. 10. Representations and Warranties of Owner. Owner hereby represents, warrants and covenants as follows: (i) Property delivered to PropertyBureau is available for sale to the general public without any restrictions or conditions whatever; (ii) Owner will not knowingly deliver to PropertyBureau any Property of a counterfeit or illegal nature; and (iii) Owner has taken all required actions under applicable law that are conditions precedent to Owner's right to transfer title to the Property to purchasers (the "Conditions Precedent"). 11. Books and Records. PropertyBureau will keep complete and accurate books of account, records, and other documents with respect to this Agreement (the "Books and Records") for at least three years following expiration or termination of this Agreement. Upon reasonable notice, the Books and Records will be available for inspection by Owner, at Owner's expense, at the location where the Books and Records are regularly maintained, during normal business hours. 12. Pickups. PropertyBureau agrees to schedule pickups of merchandise upon request by the City of Fort Collins, on an as -needed basis. There is to be no additional charge to the City for this service. EXHIBIT B INSURANCE REQUIREMENTS The Service Provider will provide, from insurance companies acceptable to the City, the insurance coverage designated hereinafter and pay all costs. Before commencing work under this bid, the Service Provider shall furnish the City with certificates of insurance showing the type, amount, class of operations covered, effective dates and date of expiration of policies, and containing substantially the following statement: "The insurance evidenced by this Certificate will not be cancelled or materially altered, except after ten (10) days written notice has been received by the City of Fort Collins." In case of the breach of any provision of the Insurance Requirements, the City, at its option, may take out and maintain, at the expense of the Service Provider, such insurance as the City may deem proper and may deduct the cost of such insurance from any monies which may be due or become due the Service Provider under this Agreement. The City, its officers, agents and employees shall be named as additional insureds on the Service Provider's general liability and automobile liability insurance policies for any claims arising out of work performed under this Agreement. Insurance coverages shall be as follows: A. Workers' Compensation & Employer's Liability. The Service Provider shall maintain during the life of this Agreement for all of the Service Provider's employees engaged in work performed under this agreement: 1. Workers' Compensation insurance with statutory limits as required by Colorado law. 2. Employer's Liability insurance with limits of $100,000 per accident, $500,000 disease aggregate, and $100,000 disease each employee. B. Commercial General & Vehicle Liability. The Service Provider shall maintain during the life of this Agreement such commercial general liability and automobile liability insurance as will provide coverage for damage claims of personal injury, including accidental death, as well as for claims for property damage, which may arise directly or indirectly from the performance of work under this Agreement. Coverage for property damage shall be on a "broad form" basis. The amount of insurance for each coverage, Commercial General and Vehicle, shall not be less than $500,000 combined single limits for bodily injury and property damage. In the event any work is performed by a subcontractor, the Service Provider shall be responsible for any liability directly or indirectly arising out of the work performed under this Agreement by a subcontractor, which liability is not covered by the subcontractor's insurance. SA 10/01