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R-1718 - 04/24/2018 - AGREEMENTS - Resolutions Exhibits - REVIEW OF CONTRACTS _.--- ._.__ ___._ _.....-----.__r.___ AwarVdiing Agency: Type of dontract: Dep rt ent: Program ccount Number: 0A, Awarded Contract PrLce: Budaeted Amount: 19 le5lqls [� Under $20,000 $500,001 - $1,000,000 i $20,000 - $500,000 F7 Over $1,000,000 3 k h 41 M,u I !�� c �'� 3 a a"'wpF' ,. 3'^a' ." r"€SRF ea�.ea�+ 5"" :i PJ Name Date ' 'w4 sw&rrax ,�'"r rc .ate •tom . I Name. Date: Al �� I Name: R.F.Ginex Date: 4-11-18 it. Name: Three (3) Originals signed by other party Date/Initials 1 w Original provided to staff member for other party Date/Initials re—s' 1 Original provided to Official Files Date/Initials Village of Oak Brook I Approved by Board of Trustees- Date/Initials: _ � P - � is ... i. b �. atn � ._� _ �� - ., _ _ "`� .� ;' '� � � � �,. .�.�x �;.4 .- i '°� VILLAGE OF OAK BROOK CONTRACT FOR THE OAK BROOK BATH & TENNIS CLUB SIGN INSTALLATION PROJECT Full Name of Contractor: Parvin-Clauss Company Inc. ("Contractor'') Principal Office Address: 165 Tubeway Drive, Carol Stream, Illinois 60188 Contact Person: Matthew J. Sopchyk Telephone Number: (630) 510-2020 TO: Village of Oak Brook("Village") 1200 Oak Brook Road Oak Brook, Illinois Attention: Riccardo F. Ginex, Village Manager Contractor warrants and represents that Contractor has carefully examined the Work Site described below and has reviewed and understood all documents included, referred to, or mentioned in this bound set of documents. 1. Work A. Contract and Work. Contractor acknowledges, and agrees, that Contractor shall, at its sole cost and expense, provide, perform, and complete, in the manner specified and described, and upon the terms and 5. Miscellaneous. Do all other things required conditions set forth, in this Contract, all of the following, of Contractor by this Contract; and all of which is herein referred to as the "Work": 6. Qualit . Provide, perform, and complete all 1. Labor Equipment Materials and Supplies. of the foregoing in a proper and workmanlike Provide, perform, and complete, in the manner, consistent with the standards of manner specified and described in this recognized professional firms in performing Contract, all necessary work, labor, services, Work of a similar nature, in full compliance transportation, equipment, materials, with, and as required by or pursuant, to this supplies, information, data, and other means Contract, and with the greatest economy, and items necessary for the Oak Brook Bath efficiency, and expedition consistent & Tennis Club Sign Installation Project as therewith, with only new, undamaged, and specified in Exhibit A attached hereto, at the first quality equipment, materials, and Oak Brook Bath & Tennis Club 800 Oak supplies. Brook Road, Oak Brook, Illinois 60523 ("Work Site"); B. Performance Standards. Contractor acknowledges and agrees that all Work shall be fully 2. Permits. The Village will furnish all provided, performed, and completed in accordance with permits, licenses, and other governmental Quote #101330, dated April 16, 2018, attached hereto as approvals and authorizations necessary in Exhibit A. connection therewith; C. Responsibility for Damage or Loss. Contractor 3. Bonds and Insurance. Procure and furnish proposes, and agrees, that Contractor shall be all bonds and all insurance certificates and responsible and liable for, and shall promptly and policies of insurance specified in this without charge to Village repair or replace, any damage Contract; done to, and any loss or injury suffered by, the Village, the Work, the Work Site, or other property or persons as 4. Taxes. Pay all applicable federal, state, and a result of the Work. local taxes; 1 D. Inspection/Testinng/Rejection. Village shall have All payments may be subject to deduction or the right to inspect all or any part of the Work and to setoff by reason of any failure of Contractor to reject all or any part of the Work that is, in Village's perform under this Contract. Each payment judgment, defective or damaged or that in any way fails shall include Contractor's certification of the to conform strictly to the requirements of this Contract value of, and partial or final waivers of lien and the Village, without limiting its other rights or covering, all Work for which payment is then remedies, may require correction or replacement at requested and Contractor's certification that all Contractor's cost, perform or have performed all Work prior payments have been properly applied to necessary to complete or correct all or any part of the the payment or reimbursement of the costs with Work that is defective, damaged, or nonconforming and respect to which they were paid. charge Contractor with any excess cost incurred thereby, or cancel all or any part of any order or this Contract. 3. Contract Time Work so rejected may be returned or held at Contractor's expense and risk. Contractor acknowledges and agrees that Contractor shall commence the Work within 15 days (weather 2. Contract Price permitting) following the Village's acceptance of this Contract provided Contractor shall have furnished to the Contractor acknowledges and agrees that Contractor Village all bonds and all insurance certificates specified shall take in full payment for all Work and other matters in this Contract ("Commencement Date"). Contractor set forth under Section 1 above, including overhead and further acknowledges and agrees that Contractor shall profit; taxes, contributions, and premiums; and perform the Work diligently and continuously and shall compensation to all subcontractors and suppliers, the complete the Work not later than June 30, 2018 ("Time compensation set forth below. of Performance"). The Village may modify the Time of Performance at any time upon 15 days prior written A. SCHEDULE OF PRICES notice to the Contractor. Delays caused by the Village shall extend the Time of Performance; provided, For providing, performing, and completing all however, that Contractor shall be responsible for Work, the total Contract Price of$38,845.00 completion of all Work within the Time of Performance, notwithstanding any strike or other work stoppage by TOTAL CONTRACT PRICE (in writing): employees of either Contractor or of the Village. Thirty-Eight Thousand Eight Hundred and 4. Financial Assurance Forty-Five Dollars A. Bonds. Contractor acknowledges and agrees B. BASIS FOR DETERMINING PRICES that Contractor shall provide a Performance Bond and a Labor and Material Payment Bond, on forms provided It is expressly understood and agreed that: by, or otherwise acceptable to, the Village, from a surety company acceptable to the Village, each in the penal sum 1. All prices stated in the Schedule of Prices of the Contract Price, within 10 days following the are firm and shall not be subject to Village's acceptance of this Contract. escalation or change; B. Insurance. Contractor acknowledges and agrees 2. The Village is not subject to state or local that Contractor shall provide certificates of insurance sales, use, and excise taxes, that no such evidencing the minimum insurance coverages and limits taxes are included in the Schedule of Prices, set forth in Exhibit B within 10 days following the and that all claim or right to claim any Village's acceptance of this Contract. Such policies shall additional compensation by reason of the be in form, and from companies, acceptable to the payment of any such tax is hereby waived Village. The insurance coverages and limits set forth and released; Exhibit B shall be deemed to be minimum coverages and limits and shall not be construed in any way as a 3. All other applicable federal, state, and local limitation on Contractor's duty to carry adequate taxes of every kind and nature applicable to insurance or on Contractor's liability for losses or the Work are included in the Schedule of damages under this Contract. The minimum insurance Prices. coverages and limits that shall be maintained at all times while providing, performing, or completing the C. TIME OF PAYMENT Work are as set forth in Exhibit B. It is expressly understood and agreed that a 50% B. Indemnification. Contractor acknowledges and deposit is required and that the remaining agrees that Contractor shall indemnify and save balance shall be made upon completion of the harmless the Village its officers, officials, employees and work and final approval by the Village. volunteers, against all damages, liability, claims, losses, 2 and expenses (including attorneys' fee) that may arise, or for the tax or the amount of tax, as set forth in 65 ILCS be alleged to have arisen, out of or in connection with 5/11-42.1-1; or (ii) a violation of either Section 33E-3 or Contractor's performance of, or failure to perform, the Section 33E-4 of Article 33 of the Criminal Code of 1961, Work or any part thereof, or any failure to meet the 720 ILCS 5/33E-1 et seg. representations and warranties set forth in Section 6 of this Contract. D. Qualified. Contractor has the requisite experience, ability, capital, facilities, plant, organization, D. Penalties. Contractor acknowledges and agrees and staff to enable Contractor to perform the Work that Contractor shall be solely liable for any fines or civil successfully and promptly and to commence and penalties that are imposed by any governmental or complete the Work within the Contract Price and quasi-governmental agency or body that may arise, or be Contract Time set forth above. alleged to have arisen, out of or in connection with Contractor's performance of, or failure to perform, the 7. Acknowledgements Work or any part thereof. In submitting this Contract, Contractor 5. Firm Proposal acknowledges and agrees that: All prices and other terms stated in this Contract are A. Reliance. The Village is relying on all firm and shall not be subject to withdrawal, escalation, warranties, representations, and statements made by or change. Contractor in this Contract. 6. Contractor's Representations and Warranties B. Acceptance. If this Contract is accepted, Contractor shall be bound by each and every term, In order to induce the Village to accept this Contract, condition, or provision contained in this Contract. Contractor hereby represents and warrants as follows: D. Remedies. Each of the rights and remedies A. The Work. The Work, and all of its components, reserved to the Village in this Contract shall be shall strictly conform to the requirements of this cumulative and additional to any other or further Contract, including, without limitation, the performance remedies provided in law or equity or in this Contract. standards set forth in Subsection 1B of this Contract; and shall be fit, sufficient, and suitable for the purposes E. Time. Time is of the essence in the performance expressed in, or reasonably inferred from, this Contract of all terms and provisions of this Contract and, except and the warranties expressed herein shall be in addition where stated otherwise references in this Contract to to any other warranties expressed or implied by law, days shall be construed to refer to calendar days and which are hereby reserved unto the Village. time. B. Compliance with Laws. The Work, and all of its F. No Waiver. No examination, inspection, components, shall be provided,performed, and completed investigation, test, measurement, review, determination, in compliance with, and Contractor agrees to be bound decision, certificate, or approval by the Village, whether by, all applicable federal, state, and local laws, orders, before or after the Village's acceptance of this Contract; rules, and regulations, as they may be modified or nor any information or data supplied by the Village, amended from time to time, including without limitation, whether before or after the Village's acceptance of this if applicable, the Prevailing Wage Act, 820 ILCS Contract; nor any order by the Village for the payment of 130/0.01 et seq.; any other prevailing wage laws; any money; nor any payment for, or use, possession, or statutes requiring preference to laborers of specified acceptance of, the whole or any part of the Work by the classes; any statutes prohibiting discrimination because Village; nor any extension of time granted by the Village; of, or requiring affirmative action based on, race, creed, nor any delay by the Village in exercising any right color, national origin, age, sex, or other prohibited under this Contract; nor any other act or omission of the classification; and any statutes regarding safety or the Village shall constitute or be deemed to be an acceptance performance of the Work. Further, Contractor shall of any defective, damaged, or nonconforming Work, nor have a written sexual harassment policy in compliance operate to waive or otherwise diminish the effect of any with Section 2-105 of the Illinois Human Rights Act representation or warranty made by Contractor; or of during the course of the work. any requirement or provision of this Contract; or of any C. Not Barred. Contractor is not barred by law remedy,power, or right of the Village. from contracting with the Village or with any other unit G. Severability. It is hereby expressed to be the of state or local government as a result of (i) a intent of the parties to this Contract that should any delinquency in the payment of any tax administered by provision, covenant, agreement, or portion of this the Illinois Department of Revenue unless Contractor is Contract or its application to any Person or property be contesting, in accordance with the procedures held invalid by a court of competent jurisdiction, the established by the appropriate Revenue Act, its liability remaining provisions of this Contract and the validity, 3 enforceability, and application to any Person or property certified payroll that he or she knows to be false is a shall not be impaired thereby, but the remaining Class B misdemeanor. A general contractor may rely provisions shall be interpreted, applied, and enforced so upon the certification of a lower tier subcontractor, as to achieve, as near as may be, the purpose and intent provided that the general contractor does not knowingly of this Contract to the greatest extent permitted by rely upon a subcontractor's false certification. Upon two applicable law. business days' notice, Contractor and each subcontractor shall make H. Amendments and Modifications. No amendment to be made andl eptablef bor y the Act:n(i)htorthe rV illage,inspectiods �j is or modification to this Contract shall be effective until it is reduced to writing and a y officers and agents, and to the Director of the Illinois g approved and executed b the Department of Labor and his or her deputies and agents; corporate authorities of the parties in accordance with all and (ii) at all reasonable hours at a location within this applicable statutory procedures. State. I. Assignment. Neither this Contract, nor any L. l..'Oriflicts of Interest. Contractor represents and interest herein, shall be assigned or subcontracted, in certifies that, to the best of its knowledge, (1) no elected whole or in part, by Contractor except upon the prior or appointed Village official, employee or agent has a written consent of the Village. personal financial interest in the business of the Contractor or in this Agreement, or has personally J. Governing Law: Venue. This Contract shall be received payment or other consideration for this governed by, construed and enforced in accordance with Agreement; (2)as of the date of this Agreement, neither the internal laws, but not the conflicts of laws rules, of Contractor nor any person employed or associated with the State of Illinois. Venue for any action arising out of Contractor has any interest that would conflict in any or due to this Contract shall be in the Circuit Court for manner or degree with the performance of the DuPage County, Illinois. obligations under this Agreement; and (3) neither K. Certified Pavrolls. Contractor shall, in Contractor nor any person employed by or associated accordance with Section 5 of the Illinois Prevailing Wage With Contractor shall at any time during the term of this Act, 820 ILCS 130/5, submit to the Village, on a monthly Agreement obtain or acquire any interest that would basis, a certified payroll, if applicable. The certified conflict in any manner or degree with the performance of payroll shall consist of a complete copy of those records the obligations under this Agreement. required to be made and kept by the Prevailing Wage Act. The certified payroll shall be accompanied by a M. Exhibits and Other Agreements, If any conflict statement signed by the Contractor or subcontractor exists between this Agreement and any exhibit attached which certifies that: (1) such records are true and hereto or any other Agreement between the parties accurate; (2) the hourly rate paid is nut less, if relating to this transaction, the terms of this Agreement applicable, than the general shall prevail. g prevailing rate of hourly wages required by the Prevailing Wage Act; and (3) Contractor or subcontractor is aware that filing a IN WITNESS WHEREOF the parties hereto VILLAGE OF OAK BROOK, an Illinois have caused 's A r 0 to be executed, municipal corporation effective on ATTEST: By: By: Village Clerk Village Manager AT TES PARVIN-CLA GN COMPANY INC. B By: y: Its: he 4 EXHIBIT A (QUOTE#101330 DATED APRIL 16, 2018) 5 Parvin-Clauss Sign Company Inc. 165 Tubeway Drive Carol Stream,IL 60188 USA Phone: 630-510-2020 Fax: 630-66 Fed ID: 36-33229462946 Quote No: 101330 Monday,April 16,2018 Bill To: OAK BROOK BATH &TENNIS CLUB 800 OAK BROOK ROAD OAK BROOK,IL 60523 We are pleased to present the following project proposal: Cine: 1 Part ID: SIGN Prvposa/Amount $38,845.00 Monument Sign-Sandblasted Furnish and install one T-6"high by 8'-3"wide,double face,Cedar sign with sandblasted background,raised graphics.5"thick FCO acrylic Oak Brook"stud mounted to the faces,suspension rigid-mount with fabricated steel supports mounted to a 10"cedar beam,four(two each end) vertical cedar uprights with caps and collar base plates painted black,two masonry piers with stone veneer and limestone caps,6-9.5"over all height,augered concrete foundations and 4"pad. Job is figured as tax exempt,prevailing wages,certified payroll,payment performance bond. Installation Address: 800 Oak Brook Rd. Oak Brook,IL Salesperson: MATHEW J.SOPCHYK Prices are Valid Until Friday,June 15,2018 Terms: 50%Deposit required; Net 10 upon completion. Parvin-Clauss Sign Company Inc. 165 Tubeway Drive Carol Stream, IL 60188 USA Phone: 630-510-2020 Fax: 630-668-7802Quote No: 101330 Fed ID: 36-33229462946 ' Monday,April 16,2018 Please review this quotation and the accompanying design sketches for size dimensions, colors, copy and quality, and bring any required changes to our attention immediately. Note that significant changes may result in revision of quoted price and timeline. When approved please sign below and return along with a signed copy of the design sketch to signify acceptance of this proposal and its related terms and conditions Production will not be scheduled until both documents have been received and permits have been approved (if applicable), thus authorizing us to proceed with fabrication as described above. Pricing shown does not include: Any engineering required by the local municipality. Any insurance required in addition to our standard insurance coverages. If additional insurance coverage is required, it will be added to the price of this quote plus 10%. This includes, but is not limited to requests for special endorsements, primary, non-contributory umbrella coverage, waivers of subrogation, performance and payment bonds. Applicable sign permits. If permits are required by the municipality prior to installation, the charges for permits and procurement will be added to the final invoice as a separate cost. This Agreement assumes that installation will involve normal access,soil,and wall conditions. In the event of subsurface obstacles or obstructions in or behind walls, the parties agree to adjust the extra installation costs based on Seller's additional cost. Parvin-Clauss Sign Co., Inc. is not responsible for damage to underground sprinkler systems, property lighting and/or private utilities. Customer shall bring feed wires of suitable capacity and approved type to the location of Display prior to installation and shall pay for all electrical energy used by the display and be responsible for the supply thereof. Should this order cancel for any reason, buyer agrees to pay seller for any time and materials incurred to date including, but not limited to: design sketches, permit municipality fees and procurement, site surveys/checkouts,etc. Thank you for the opportunity to present this quotation for your signage needs. Our services are customized to meet the goals, guidelines and deadlines of your sign project. At Parvin-Clauss, your image is our priority, and commitment to quality is our promise. If you have any questions regarding this quote,please call. Parvin-Clauss Sign Company Inc. 165 Tubeway Drive Carol Stream,IL 60188 USA Phone: 630-510-2020 Fax: 630-66 Fed ID: 36-33229462946 Quote No: 101330 Monday,April 16,2018 TERMS AND CONDITIONS This proposal is made for specially constructed equipment and when accepted is not subject to cancellation.Seller shall not be responsible for errors in plans, designs,specifications,and drawings furnished by Buyer or for defects caused thereby. Warranty:This agreement carries a 1 year warranty on parts and labor,except for standard manufactured lamps.The display is warranted to be free from functional defects in materials and workmanship at the time of original delivery.The foregoing warranties shall not apply if the equipment has been repaired, other than by Seller or a service facility designated by the Seller,or altered by anyone other than Seller,or if the equipment has been subject to abuse,misuse, negligence,accident,vandalism,acts of God or natural disasters beyond Seller's reasonable control.Seller shall not be liable for any damages or losses other than the replacement of such defective work or material.Whenever there are any circumstances on which a claim might be based,Seller must be informed immediately or the provisions of this warranty may be voided. Title:Title to all materials and property covered by this agreement shall remain in Seller and shall not be deemed to constitute a part of the malty to which it may be attached until the purchase price is paid in full.Seller is given an express security interest in said material and property both erected and unerected notwithstanding the manner in which such personal property shall be annexed or attached to the realty.In the event of default by Buyer,including,but not limited to,payment of any amounts due and payable,Seller may at once(and without process of law)take possession of and remove,as and when it sees fit and wherever found,all materials used or intended for use in this constriction of said equipment and any and all property called for In this contact without being deemed guilty of trespass. Damage:Should any loss,damage or injury result to said display,from any cause whatsoever,while in possession of Buyer or his agents,such loss,damage or injury shall not relieve the Buyer from the obligation to pay for the same according to the terms of this agreement. Default:Seller and Buyer mutually recognize that Display is not an article of general trade or utility but is designed and is to be constructed,installed and maintained at the request and for the special distinctive uses and purposes of Buyer,that Display is of no value to Seller except as so used,and that is a material consideration to Seller.If during the term of this agreement bankruptcy,reorganization or insolvency proceedings are commenced by or against Buyer, or if Buyer makes an assignment for the benefit of creditors,or if Buyer discontinues business in the premises where Display is boated,Seller may at his option declare the entire unpaid balance immediately due and payable.In the event Seller may employ an attorney to recover Display or collect any sums due under this Agreement,Buyer agrees to pay in addition to all sums found due from Seller,a reasonable attorney's fee,and all costs of suit,collection costs and all other expenses incurred in enforcing this Agreement.All over due payments under this Agreement which are in arrears more than ten days following due date under (b)herein,shall bear interest at the rate of 18%per annum accumulated monthly provided that such delinquent charges shall be at least$1 per month. Authority of Agent:It is understood and agreed that this agreement contains the entire contract between the parties and that no representative of Seller has authority to change or modify any terms or representations herein stated.This agreement shall not be considered as executed until signed by or on behalf of Buyer and approved by an executive officer of Seller. Delivery:The construction and installation of the display mall be subject to delay by strikes,fires,unforeseen commercial delays or acts of God,or regulations or restrictions of the government or public authorities or other accidental forces,conditions or circumstances beyond control of Seller. Inspection:Buyer shall inspect the display immediately upon installation,and shall notify Seller in writing of any defects or variances therein.In the absence of any such written notification within five(5)days after installation,the display shall be deemed in all respects approved and satisfactory to Buyer. Permits and Licenses:Seller shall assist Buyer in obtaining all original permits and licenses from public authorities for the installation of the display.Buyer shall obtain the necessary permits from the owner of the premises and others,whose permission is required for the installation of the display and is responsible that such permission is not revoked.Revocation of any permit required fox the installation and maintenance of display shall not relieve buyer from the payment of all sums due in accordance with the terms of this agreement.Buyer agrees to obtain all necessary permission for use of all registered trademarks or copyrights used on the display,and agrees to indemnify Seller against any claims in connection therewith. Service Wiring:Cost of Electricity:Reinforcement of Building:Physical Conditions:Buyer shall bring feed wires of suitable capacity and approved type to the location of Display prior to installation and shall pay for all electrical energy used by the display and be responsible for the supply thereof.Buyer shall provide for necessary reinforcements to the building on which Display is installed.Buyer shall pay for costs of relocating power lines,or other obstacles to comply with laws of Federal,State or Municipal Agencies.This Agreement assumes that installation vvilf involve normal access,soil,and wall conditions.In the event of subsurface obstacles or obstructions in or behind walls,the parties agree to adjust the extra installation costs based on Seller's additional cost X Customer Signature Customer Name Printed Date / / EXHIBIT B (INSURANCE REQUIREMENTS) Certificates of Insurance shall be presented to the Village upon execution of this contract and vendor shall not commence work until it provides and receives acceptance of insurance certificates from the Village as required by this exhibit. Each contractor performing any work pursuant to a contract with the Village of Oak Brook and each permittee working under a permit as required pursuant to the provisions of Title 1 of Chapter 8 of the Code of Ordinances of the Village of Oak Brook (hereinafter referred to as "Insured") shall be required to carry such insurance as specified herein. Such contractor and permittee shall procure and maintain for the duration of the contract or permit insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the work under the contract or permit, either by the contractor, permittee, or their agents, representatives, employees or subcontractors. A contractor or permittee shall maintain insurance with limits no less than: A. General Liability - $2,000,000 combined single limit per occurrence for bodily injury, personal injury and property damage; B. Automobile Liability (if applicable) - $1,000,000 combined single limit per accident for bodily injury and property damage; C. Worker's Compensation and Employer's Liability- Worker's Compensation limits as required by the Labor Code of the State of Illinois and Employer's Liability limits of$1,000,000 per accident. Any deductibles or self-insured retention must be declared to and approved by the Village. At the option of the Village, either the insurer shall reduce or eliminate such deductible or self-insured retention as respects the Village, its officers, officials, employees and volunteers; or the Insured shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses to the extent of such deductible or self-insured retention. The policies shall contain, or be endorsed to contain, the following provisions: D. General Liability and Automobile Liability Coverage - (1)The Village, its officers, officials, employees and volunteers are to be covered as additional insureds as respects: liability arising out of activities performed by or on behalf of the Insured;premises owned, occupied or used by the Insured. The coverage shall contain no special limitations on the scope of protection afforded to the Village, its officers,officials, employees,volunteers, or agents. (2)The Insured's insurance coverage shall be primary insurance as respects the Village, its officers, officials, employees, volunteers and agents. Any insurance or self-insurance maintained by the Village, its officers, officials, employees, volunteers or agents shall be in excess of the Insured's insurance and shall not contribute with it. (3)Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the Village, its officers, officials, employees, volunteers or agents. (4)The Insured's insurance shall apply separately to each covered party against whom claim is made or suit is brought except with respect to the limits of the insurer's liability. 6 E. Worker's Compensation and Employer's Liability Coverage The policy shall waive all rights of subrogation against the Village, its officers, officials, employees, volunteers and agents for losses arising from work performed by the insured for the Village. Each insurance policy shall be endorsed to state that coverage shall not be suspended, voided, canceled by either party, reduced in coverage or in limits except after thirty (30) days prior written notice by certified mail has been given to the Village. Each insurance policy shall name the Village, its officers, officials and employees, volunteers and agents as additional Insureds. Insurance is to be placed with insurers with a Best's rating of no less than A:VII. Each Insured shall furnish the Village with certificates of insurance and with original endorsements effecting coverage required by this provision. The certificate and endorsements for each insurance policy are to be signed by a person authorized by that insurer to bind coverage on its behalf. The certificates and endorsements are to be on forms approved by the Village and shall be subject to approval by the Village Attorney before work commences. The Village reserves the right to require complete, certified copies of all required insurance policies, at any time. Each insured shall include all subcontractors as insureds under its policies or shall furnish separate certificates and endorsements for each subcontractor. All coverages for subcontractors shall be subject to all of the requirements stated herein. 7