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HomeMy WebLinkAboutPre-Professional Service AgreementPROFESSIONAL SERVICES AGREEMENT BETWEEN KENT SECURITY SERVICES, INC., AND THE CITY OF MIAMI, FLORIDA THIS PROFESgONAL SERVICES AGREEMENT (the "Agreement") is made and entered into this X75 ay of ,--,' , 2013, with an effective date of April 22, 2013 (the "Effective Date"), y and between City of Miami ("City"), a municipal corporation organized and existing under and by virtue of the laws of the State of Florida, 444 SW 2nd Avenue, Miami, Florida 33130-1910, and Kent Security Services, Inc. ("Kent Security"), 14600 Biscayne Boulevard, North Miami; Florida 3 318 1. WHEREAS, the City has issued Request for Proposals No. 295279,. including all addenda thereto (collectively, "RFP", Exhibit "A") for the provision of Security Guard Services Citywide ("Services") and Provider's proposal ("Proposal", Exhibit `B"), in response thereto, has been selected as the most qualified proposal for the provision of the Services. The RFP and the Proposal are by this reference incorporated into and made a part of this Agreement and a part of any extensions hereof. In the event of an express conflict between the RFP and/or the .Proposal and this Agreement, this Agreement shall govern over the RFP, and the RFP shall govern over the Proposal; and WHEREAS, the City desires to enter into this Agreement with Kent Security and Kent Security agrees to accept employment under the terms and conditions set forth herein; and WHEREAS, the Commission of the City of Miami, by Resolution No. 13-0142, adopted as modified on April 11, 2013 (attached hereto and by this reference made a part of this Agreement and of any extensions hereof), approved the selection of Kent Security and authorized the City Manager to negotiate and execute an agreement, under the terms and conditions set forth herein; and NOW, THEREFORE, in consideration of the mutual covenants and obligations herein contained, and subject to the terms and conditions hereinafter stated, the parties hereto understood and agree as follows; SECTION I SERVICES A. City agrees to engage Kent Security to provide the Services, and Kent Security agrees to provide to City the Services, each, pursuant to the terms and conditions set forth herein Exhibit "A", Section 3:.0, Specifications/Scope of Work. B. Kent Security may delegate the provision of certain services to third party providers who meet the requirements of this Agreement applicable to Kent, provided that Kent Security shall use reasonable due diligence to determine such other service providers are qualified with respect to the fimetion that the other service providers are to perform. Such delegation shall not relieve Kent Security of its duty. SECTION II COMPENSATION A. City agrees and hereby contracts to pay Kent Security the fees and/or premiums in accordance with the price proposal provisions of Exhibit B and any additional fees set expressly forth below in this Section II (collectively, the "Fees"). In no event shall total cumulative annual compensation under this Agreement exceed Three Hundred Fifty Thousand Dollars ($350,000.00). The Fees are payable on or about the first day of the calendar month (by way of example, the calendar month of January fees are on or about January 1). All Kent Security invoices shall be proper invoices as that term is defined by Florida's Local Government Prompt Payment Act, Florida Statutes, §218.70 to §218.79, Florida Statutes, as amended, are due and payable upon receipt, and any undisputed amounts which remain unpaid after forty five (45) days shall accrue interest at a rate of one percent (1%) per month or twelve (12%) percent per annum until paid. In order to dispute an invoice, City must provide Kent Security with written notice of the reasons for such dispute within forty five (45) days of receipt of the invoice or such amounts may be deemed owed as a rebuttable presumption, if so provided in such invoice. Kent Security understands and agrees that Kent Security shall be solely responsible for its employees, agents, and subcontractors and the City shall not be responsible nor liable for any payments to or amounts due to Kent Security's employees, agents, or subcontractors for their respective services j provided hereunder this Agreement and any extensions hereof. SECTION III MISCELLANEOUS A. Term. This Agreement shall remain in effect for a term of three (3) years commencing on the Effective date, unless it is earlier terminated or cancelled for Cause or for Convenience as provided in this Agreement, with an option to be exercised by the City Commission to renew for three (3) additional terms of one (1) year each on these same terms and conditions. The City Manager shall give Kent notice of the City's intention to renew no less than thirty (30) days prior to the expiration of the then current term by giving Kent Security written notice as provided in Subjection H, Notices. The total term, if all renewals are exercised, cannot exceed six (6) years. Unless renewed, this Agreement will automatically end three (3) years from its date of Execution, which is the Effective Date, without the necessity of any action by either party. Written notice of termination may be made at least thirty (30) days prior to termination without cause. Upon termination of this Agreement and expiration of any applicable notice period, the parties hereto shall have no further liability or obligation except as explicitly provided for hereunder as surviving termination of this Agreement. Additionally, the City Manager reserves the right to automatically extend this contract for up to one hundred twenty (120) calendar days beyond the stated contract term in order to provide the City departments with continual service and supplies while a new contract is being solicited, evaluated, and/or awarded. If the right is exercised, the City shall notify the Bidder/Proposer, in writing, of its intent to extend the contract at the same price, terms and conditions for a specific number of days. Additional extensions, over the first one hundred twenty (120) day extension may occur, if, the City and the Successful Bidder/Proposer are in mutual agreement of such extensions. B. Cancellation For Convenience. The City Manager shall also have the right to terminate this Agreement by giving Kent Security at least thirty (30) business days' prior written notice, upon unavailability of fiords, or if City determines, in its sole discretion, for any reason or for its convenience, that continuation of the services are no longer in the best interest of City. In the event of termination by City, City shall pay Kent Security compensation for services rendered and expenses incurred prior to the effective date of termination. In no event shall City be liable for any additional compensation, other than that provided herein, or for any consequential or incidental damages. Kent Security shall have no recourse against the City for a cancellation for convenience other than adherence to this Section. C. Monies Owed Upon Agreement Termination. Any undisputed monies due under the express terms of this Agreement at the time of termination shall be paid in frill within forty five (45) days thereafter. D. Indemnification. Kent Security shall save, protect, release, reimburse, indemnify, defend and hold harmless the City and its officials, employees and agents (collectively referred to as '`Indemnitees") and each of thern from and against all loss, costs, penalties, fines, damages, claims, expenses, fees (including attorney's fees) or liabilities (collectively referred to as "Liabilities") by reason of any injury to or death of any person or. damage to or destruction or loss of any property arising out of, resulting from, or in connection with : (i) the performance or non-performance of the services contemplated by this Agreement which is or is alleged to be directly or indirectly caused, in whole or in part, by any act, omission, default or negligence (whether active or passive) of Kent Security or its employees, agents, or (ii) the failure of Kent Security to comply with any of the paragraphs herein or the failure of Kent Security to conform to statutes, ordinances, or other regulations or requirements of any governmental authority, federal or state, in connection with the performance of this Agreement and any amendments/extensions hereof. Kent Security shall protect and defend the Client, its officials and/or employees against, any civil actions, statutory or similar claims, injuries or damages arising or resulting from the permitted work, even if it is alleged that the Indemnitees, its officials and/or employees were negligent. Kent Security expressly agrees to indemnify and hold harmless, the Indemnitees, or any of them, from and against all liabilities which may be asserted by an employee or former employee of Kent Security, as provided above, for which Kent Security liability to such employee or former employee would otherwise be limited to payments under state Workers' Compensation or similar laws. Fw-ther, in the event that there is litigation or arbitration, each party shall bear its own fees. Kent Security warrants that there has been no violation of copyright, trademark, or patent or similar rights in manufacturing, producing, modifying, assembling, distributing or selling the programs, services, data and goods shipped or ordered and Kent Security agrees to hold the Indemnitees harmless and indemnify the Indemnitees from any and all liability, loss or expense occasioned by any such violation. This Hold Harmless and Indemnity shall be binding upon Kent Security and its delegates, heirs, successors and assigns and shall survive the cancellation or expiration of the Agreement. Kent Security freely and voluntarily signs this indemnity. The provisions of this Subsection D shall survive any termination or expiration of this Agreement. Additionally, Kent Security covenants not to sue the Indemnitees, its officials or employees in any action or proceeding arising out of this Hold Harmless and Indemnity. E. Security of Personal Health Information. Kent Security and City will be responsible for compliance of all provisions of the HIPAA Security Rule (45 C.F.R. 164.302 - 318) (the "Security Rule"). Kent Security and City will identify and implement effective and appropriate administrative, physical and technical safeguards to protect the confidentiality, integrity and availability of electronic protected information. Kent Security and City will conform to all standards in the Security Rule requiring implementation of policies and procedures to prevent, detect, and contain any correct security violations (45 C.F.R. 164.308(a)(1)) including but not limited to: 1. Designing appropriate screening processes. 2. Identifying what data backup and how. 3. Deciding whether and how to use encryption. 4. Addressing what data must be authenticated in particular situations to protect data integrity. 5. Determining the appropriate manner of protecting information transmissions. F. Confidentiality. Any information that is acquired by Kent Security in carrying out its duties under this Agreement, which had not become public infonnation including information regarding City, shall be kept confidential except as required by any law or court order, including any subpoena. Kent Security will not disclose or permit the disclosure of any confidential information to anyone other than City, its counsel, or persons designated by them or their counsel. Kent Security shall immediately notify City of any court order or subpoena requiring disclosure of confidential information, and shall appeal or challenge such order or subpoena prior to disclosure in accordance with such directions as City may issue and at City's expense (employing counsel selected by City) and shall cooperate with City to appeal or challenge any orders or subpoena requiring disclosure of confidential information. Upon termination of this Agreement and upon receipt of a written request from City, all confidential information delivered to Kent Security by City in Kent Security's possession relating hereto shall be turned over to City. Kent Security will take reasonable measures to avoid any unintentional or inadvertent disclosure of any confidential information to any unauthorized person by any of its employees, agents, or representatives. Likewise, to the extent allowed by Florida Law, including the Public Records Act, Chapter 119, Florida Statutes, as amended, City agrees to keep confidential in all manners and not publish, dispense or use in any way or by any means, other than for internal City business, any of Kent Security's work product. City will take reasonable measures to avoid any unintentional or inadvertent disclosure of any of Kent Security's work product to any unauthorized persona by any of its employees, agents, or representatives. Kent Security understands and agrees that the City is subject to the Public Records Act malting many documents it maintains in its course of business open to public inspection and copying unless such documents are exempted by law from public inspection and copying. 4 The provisions of this Subsection G shall survive any termination or expiration of this Agreement. G. Governing LawNenue. The laws of the State of Florida shall govern the validity of the Agreement, the construction of its terms and the interpretation of the rights and duties of the parties. The venue of any litigation field for the purpose of seeking enforcement, claiming breach or default, or interpretation of any part of this Agreement shall lie exclusively within Miami -Dade County, Florida. Each party shall bear its own attorney's fees. H. Notices. All notices or other communications which shall or may be given pursuant to this Agreement shall be in writing and shall be delivered by personal service, or by registered mail, return receipt requested, postage prepaid and addressed to the other party at the address indicated herein or as the same may be changed from time to time. Such notice shall be deemed given on the day on which personally served; or if by mail, on the fifth day after being posted or the date of actual receipt, whichever is earlier. CITY VENDOR Johnny Martinez, P.E. City Manager Gil Neuman, Chief Executive Officer E City of Miami Kent Security Services, Inc. 444 SW 2°`� Ave, 10th Floor 14600 Biscayne Boulevard Miami, Florida 33130-1910 North Miami, Florida 33181 I. Failure to Perform. Neither party shall be liable for failure or delay in performing obligations set forth in this Agreement, and neither party shall be deemed in breach of its obligations, if such failure to delay is clue to national disasters, strike, lock -out, or other industrial or transportation disturbances, law, regulation or ordinance, or any causes reasonably beyond the control of such party. J. Successors and Assigns. This Agreement shall be binding upon the parties herein, their heirs, executors, legal representatives, successors and assigns. K. Independent Contractor, Kent Security, its employees, agents or representatives, shall be deemed to be independent contractors and not agents or employees of the City and shall not attain any rights or benefits under the civil service or pension ordinances of the City, or any rights generally afforded classified or unclassified employees. Kent Security, its employees, agents or representatives, shall not be entitled to Florida Workers' Compensation benefits as an employee of the City. L. Entire Agreement. This Agreement and its attachments and exhibits constitute the sole and only Agreement of the parties and accurately set forth the rights, duties, and obligations of each to the other. Any prior Agreements, promises, negotiations, or representations not expressly set forth in this Agreement are of no force and effect. - M. Amendments. No amendments to this Agreement shall be binding on either party unless in writing and signed by both parties. N. Captions and Headings. Captions, title and paragraph headings are for convenient reference and are not a part of this Agreement. Such captions, title or paragraph headings shall not be deemed in any manner to modify, explain, enlarge or restrict any of the provisions contained in this Agreement. O. Waiver. No waiver or breach of any provision of this Agreement shall constitute a waiver of any subsequent breach of the same or any other provision hereof, and no waiver shall be effective unless made in writing. P. Severability. Should any provisions, paragraph, sentence, work or phrase contained in this Agreement be determined by a court of competent jurisdiction to be invalid, illegal or otherwise unenforceable under the laws of the United States, State of Florida, Miami -Dade County, or the City of Miami, such provisions, paragraphs, sentences, words or phrases shall be deemed modified to the extent necessary in order to conform with such laws, or if not modifiable to conform with such laws, then same shall be deemed severable, and in either event, the remaining terms and provisions of this Agreement shall remain unmodified and in frill force and effect. Q. Third Party Beneficiary. Kent Security and the City agree that it is not intended that any provision of this Agreement establishes a third party beneficiary giving or allowing any claim or right of action whatsoever by any third party under this Agreement. AUDIT AND INSPECTION RIGHTS AND RECORDS RETENTION: Kent Security agrees to provide access to the City or to any of its duly authorized representatives, to any books, documents, papers, and records of Kent Security which are directly pertinent to this Agreement, for the purpose of audit, examination, excerpts, and transcripts. The City may, at reasonable times, and for a period of up to five (5) years following the date of final payment by the City to Kent Security under this Agreement, audit and inspect, or cause to be audited and inspected, those books, documents, papers, and records of Kent Security which are related to Kent Security's performance tinder this Agreement. Kent Security agrees to maintain any and all such books, documents, papers, and records at its principal place of business for a period of five (5) years after final payment is made under this Agreement and all other pending matters are closed. Kent Security's failure to adhere to, or refuse to comply with, this condition shall result in the immediate cancellation of this Agreement by the City. AWARD OF AGREEMENT: Kent Security represents to the City that it has not employed or retained any person or company employed by the City to solicit or secure this Agreement and that it has not offered to pay, paid, or agreed .to pay any person any fee, commission, percentage, brokerage fee, or gift of any kind contingent upon or in connection with, the receipt of an award. of this Agreement. PUBLIC RECORDS: A. Kent Security understands that the public shall have access, at all reasonable times, to all documents and information pertaining to City Agreements, .subject to the provisions of Chapter 119, Florida Statutes, and agrees to allow access by the City and the public to all documents subject to disclosure under applicable Iaws. Kent Security's failure or refusal to comply with the provisions of this section shall result in the immediate cancellation of this Agreement by the City. B. Should Kent Security determine to dispute any public access provision required by Florida Statutes, then Kent Security shall do so at its own expense and at no cost to the City. COMPLIANCE WITH FEDERAL, STATE AND LOCAL LAWS: Kent Security understands that agreements with local governments are subject to certain laws and regulations, including laws pertaining to public records, conflict of interest, record keeping, etc. City and Kent Security agree to comply with and observe all such applicable federal, state and local laws, rules, regulations, codes and ordinances, as they may be amended from time to time: Kent Security further agrees to include in all of Kent Security's agreements with subcontractors for any Services related to this Agreement this provision requiring subcontractors to comply with and observe all applicable federal, state, and local laws rules, regulations, codes and ordinances, as they may be amended from time to time. CONTINGENCY CLAUSE: .Funding for this Agreement is contingent on the availability of funds and continued authorization for program activities and the Agreement is subject to amendment or termination due to lack of funds, reduction of funds and/or change in regulations, upon thirty (30). days written notice. FORCE MAJEURE: "Force Majeure Event" shall mean an act of God, act of governmental body or military authority, .fire, explosion, power failure, flood, storm, hurricane, sink hole, other natural disasters, epidemic, riot or civil disturbance, war or terrorism, sabotage, insurrection, blockade, or embargo. In the event that either party is delayed in the performance of any act or obligation pursuant to or required by the Agreement by reason of a Force Majeure Event, the tune for required completion of such act or obligation shall be extended by the number of days equal to the total number of days, if any, that such party is actually delayed by such Force Majeure Event. The party seeking delay in performance shall give notice to the other party specifying the anticipated duration of the delay, and if such delay shall extend beyond the duration specified in such notice, additional notice shall be repeated no less than monthly so long as such delay due to a Force Majeure Event continues. Any party seeking delay in performance due to a Force Majeure Event shall use its best efforts to rectify any condition causing such delay and shall cooperate with the other party to overcome any delay that has resulted. 7 CITY NOT LIABLE FOR DELAYS: Kent Security hereby understands and agrees that in no event shall the City be liable for, or responsible to Kent Security or any subcontractor, or to any other person, firm, or entity for or on account of, any stoppages or delay(s) in work herein provided for, or any damages whatsoever related thereto, because of any injunction or other legal or equitable proceedings or on account of any delay(s) for any cause over which the City has no control. USE OF NAME: Kent Security understands and agrees that the City is not engaged in research for advertising, sales promotion, or other publicity purposes. Kent Security is allowed, within the limited scope of normal and customary marketing and promotion of its work, to use the general results of this project and the name of the City. The Kent Security agrees to protect any confidential information provided by the City and will not release information of a specific nature without prior written consent of the City Manager or the City Commission. NO CONFLICT OF INTEREST: . Pursuant to City of Miami Code Section 2-611, as amended ("City Code"), regarding conflicts of interest, Kent Security hereby certifies to City that no individual member of Kent Security, no employee, and no subcontractor under this Agreement or any immediate family member of any of the same is also a member of any board, commission, or agency of the City. Kent Security hereby represents and warrants to the City that throughout the term. of this Agreement, Kent Security, its employees and its subcontractors will abide by this prohibition of the City Code. NO THIRD -PARTY BENEFICIARY: No persons other than the Kent Security and the City (and their successors and assigns) shall have any rights whatsoever under this Agreement. SURVIVAL: All obligations (including but not limited to indemnity and obligations to defend and hold harmless) and rights of any party arising during or attributable to the period prior to expiration or earlier termination ofthis Agreement shall survive such expiration or earlier termination. TRUTH -IN -NEGOTIATION CERTIFICATION, REPRESENTATION AND WARRANTY: Kent Security hereby certifies, represents and warrants to City that on the date of Kent Security's execution of this Agreement and so long as this Agreement shall remain in full force and effect, the wage rates and other factual unit costs supporting the compensation to Kent Security under this Agreement are and will continue to be accurate, complete, and current. Kent Security understands, agrees and acknowledges that the City shall adjust the amount of the compensation and any additions thereto to exclude any significant sums by which the City determines the contract price of compensation hereunder was increased due to inaccurate, incomplete, or non-current wage rates and other factual unit costs. All such contract adjustments shall be made within one (1) year of the end of this Agreement, whether naturally expiring or earlier terminated pursuant to the provisions hereof. COUNTERPARTS: This Agreement may be executed in three or more counterparts, each of which shall constitute an original but all of which, when taken together, shall constitute one and the same agreement. [Remainder of page intentionally blank. Signature page follows.] 9 y IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on this 0 j 1-iy of _ r 2013, with an effective date of April 22, 2013. By: Gil Neuman, Chief Executive Officer By: City o ami, City pager, Johnny Martinez, P.E., City Manager Attest: Todd B. Hannon, Oty Clerk Printed Name Approved as to Leal Form: Julie O. Bru, Q64ttorney i Approved by Risk Managemen By. Calvin Ellis,/Director of sk Management EXHIBIT A RFP 295279,2 Please see the attached Request for Proposals (RFP) 295279,2 for Security Guard Services Citywide. EXHIBIT B KENT SECURITY TECHNICAL AND PRICE PROPOSALS Please see the attached Kent Security Services, Inc., technical and price proposal submittals. Contract Hourly Rates: Security Guard, Level I: $10.61 (Base Hourly Rate to Security Guard) x Marginal Mark-up Multiplier: 1.44 = Adjusted Contract Hourly Rate: $15.28 Security Guard, Level II: $10.61 (Base Hourly Rate to Security Guard) x Marginal Mark-up Multiplier: 1.44 = Adjusted Contract Hourly Rate: $15.28 Security Guard, Level III: $15.00 (Base Hourly Rate to Security Guard) x Marginal Mark-up Multiplier: 1.31 = Adjusted Contract Hourly Rate: $19.67 In no event shall total cumulative annual compensation under this Agreement exceed Three Hundred Fifty Thousand Dollars ($350,000.00). 12 EXHIBIT C INSURANCE REQUIREMENTS As a condition of, and, prior to Agreement execution, please see the attached Kent Security Services, Inc., insurance certificate in accordance with the insurance requirements identified in RFP 295279,2. INSURANCE REQUIREMENTS INDEMNIFICATION Successful Respondent shall pay on behalf of, indemnify and save City and its officials harmless, from and against any and all claims, liabilities, losses, and causes of action, which may arise out of Successful Respondent's performance under the provisions of the contract, including all acts or omissions to act on the part of Successful Respondent, including any person performingunder this Contract for or on Successful Respondent's behalf, provided that any such claims, liabilities, losses and causes of such action are not attributable to the negligence or misconduct of the City and, from and against any orders, judgments or decrees which may be entered and which may result from this Contract, unless attributable to the negligence or misconduct of the City, and from and against all costs, attorneys' fees, expenses and liabilities incurred in the defense of any such claim, or the investigation thereof. The Successful Respondent shall furnish to City of Miami, c/o Purchasing Department, 444 SW 2nd Avenue, 6th Floor, Miami, Florida 33130, Certificate(s) of Insurance which indicate that insurance coverage has been obtained which meets the requirements as outlined below: L Commercial General Liability (Primary & Non Contributory) A. Limits of Liability Bodily Injury and Property Damage Liability Each Occurrence $1,000,000 General Aggregate Limit $2,000,000 Products/Completed Operations $1,000,000 Personal and Advertising Injury $1,000,000 B. Endorsements Required City of Miami listed as an additional insured CG 2274/10/01 -Contractual liability for false arrest, Detention and Imprisonment Contingent Liability Premises & Operations Liability Il. Business Automobile Liability A. Limits of Liability Bodily Injury and Property Damage Liability Combined Single Limit Any Auto/Owned Autos/Scheduled Including Hired, Borrowed or Non -Owned Autos Any One Accident $1,000,000 B. Endorsements Required City of Miami listed as an additional insured 13 III. Worker's Compensation Limits of Liability Statutory -State of Florida Waiver of subrogation Employer's Liability A. Limits of Liability $500,000 for bodily injury caused by an accident, each accident. $500,000 for bodily injury caused by disease, each employee $500,000 for bodily injury caused by disease, policy limit IV. Umbrella Liability (Excess Follow Form) Limits of Liability Each Occurrence $2,000,000 Aggregate Limit $2,000,000 City of Miami listed as an additional insured V. Professional Liability/Error's & Omissions Coverage A. Limits of Liability Bodily Injury and Property Damage Liability Each Claim $1,000,000 Aggregate Limit $1,000,000 Retro Date included The above policies shall provide the City of Miami with written notice of cancellation or material change from the insurer in accordance to policy provisions. Companies authorized to do business in the State of Florida, with the following qualifications, shall issue all insurance policies required above: The company must be rated no less than "A-" as to management, and no less than "Class V" as to Financial Strength, by the latest edition of Best's Insurance Guide, published by A.M. Best Company, Oldwick, New Jersey, or its equivalent. All policies and /or certificates of insurance are subject to review and verification by Risk Management prior to insurance approval. Certificates will indicate no modification or change in insurance shall be made without thirty (30) days written advance notice to the certificate holder. NOTE: CITY BID NUMBER AND/OR TITLE OF BID MUST APPEAR ON EACH CERTIFICATE. Compliance with the foregoing requirements shall not relieve the Successful Respondent of liability and obligation under this section or under any other section of this Agreement. If insurance certificates are scheduled to expire during the contractual period, the Successful Respondent shall be responsible for submitting new or renewed insurance certificates to the City at a minimum of ten (10) calendar days in advance of such expiration. In the event that expired certificates are not replaced with new or renewed certificates which cover the contractual period, the City shall: --Suspend the contract until such time as the new or renewed certificates are received by the City in the manner prescribed in the Request for Proposal (RFP). --The City may, at its sole discretion, terminate this contract for cause and seek re -procurement damages from the Successful Respondent in conjunction with the General and Special Terms and Conditions of the RFP. The Successful Respondent shall be responsible for assuring that the insurance certificates required in conjunction with this Section remain in force for the duration of the contractual period; including any and all option terms that may be granted to the Successful Respondent. 14 EXHIBIT D PERFORMANCE BOND REQUIREMENT As a condition of, and, prior to Agreement execution, please see the attached Kent Security Services, Inc., performance bond in accordance with the requirements identified in RFP 295279,2. PERFORMANCE BOND Kent Security shall be required to submit a $250,000.00 Performance Bond. The Performance Bond can be in the form of a Cashier's Check, made payable to the City of Miami; a bond written by a surety company authorized to do business in the State of Florida and shall comply with State Statute 287.0935; or an Irrevocable Letter of Credit. If the latter is chosen, it must be written by a bank located in Miami -Dade County, be in the amount of the contract and should clearly and expressly state that it cannot be revoked until express written approval has been given by the City of Miami. The City, to draw on same, would merely have to give written notice to the bank with a copy to the Successful Respondent. 15