11 - Agreement with Richard Drake Construction for concrete demolition & construction services

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contracts insofar as they are related to this Contract. The CITY will only be obligated to compensate the CONTRACTOR in a just and equitable manner for those services performed prior to the effective date of termination and upon the CONTRACTOR's submitting a statement of actual services performed and payment requested. VII. Ownershi of Documents All materials and documents prepared or assembled by CONTRACTOR under this Contract shall become the sole property of CITY and shall be delivered to CITY without restriction on future use. CONTRACTOR may retain in its files copies of all drawings, specifications and all other pertinent information for the work. CONTRACTOR shall have no liability for changes made to any materials or other documents by others subsequent to the completion of the Contract. VIII. Insurance ReRuirements Before commencing work, the CONTRACTOR shall, at its own expense, procure, pay for and maintain during the term of this Contract insurance in accordance with the requirements set forth in Attachment "C" hereto, written by companies approved by the State of Texas, and acceptable to the City of Paris. The CONTRACTOR shall furnish to the City Clerk copies of the insurance policies required herein stating coverages, limits, expiration dates and compliance with all applicable required provisions. Policies shall reference the project/contract number and be addressed as follows: City of Paris 150 SE First St Paris TX 75460 IX. Right to Inspect Records CONTRACTOR agrees that CITY shall have access to and the right to examine any books, documents, papers and records of CONTRACTOR involving transactions relating to this Contract. CONTRACTOR agrees that CITY shall have access during normal working hours to all necessary CONTRACTOR facilities and shall be provided adequate and appropriate work space in order to conduct audits in compliance with the provisions of this section. CITY shall give CONTRACTOR reasonable advance notice of intended audits. CONTRACTOR further agrees to include in subcontract(s), if any, a provision that any subcontractor agrees that CITY shall have access to and the right to examine any directly pertinent books, documents, papers and records of such engineer or sub -contractor involving transactions to the subcontract, and further, that CITY shall have access during normal working hours to all such sub- contractor facilities and shall be provided adequate and appropriate work space, in order to conduct audits in compliance with the provisions of the paragraph. CITY shall give any such sub -contractor reasonable advance notice of intended audits. X. Successors and Assigns CITY and CONTRACTOR each bind themselves and their successors, executors, administrators and assigns to the other party to this contract and to the successors, executors, administrators and assigns of such other party in respect to all covenants of this Contract. Neither CITY nor CONTRACTOR shall assign or transfer its interest herein without the prior written consent of the other.