Loading...
UST Annual Compliance Testing VILLAGE OF OAK BROOK CONTRACT FOR THE UNDERGROUND STORAGE TANK(UST)ANNUAL COMPLIANCE TESTING Full Name of Contractor: Stenstrom Petroleum Services Group ("Contractor") Principal Office Address: 2422 Center Street, Rockford, Illinois 61108 Contact Person:John Burke, Environmental Compliance Manager Telephone Number: (815) 398-6250 TO: Village of Oak Brook("Village") 1200 Oak Brook Road Oak Brook, Illinois Attention: Doug Patchin, Public Works Director 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 5. Miscellaneous. Do all other things required expense, provide, perform, and complete, in the manner of Contractor by this Contract; and specified and described, and upon the terms and conditions set forth, in this Contract, all of the following, 6. Quality. Provide, perform, and complete all all of which is herein referred to as the "Work": of the foregoing in a proper and workmanlike manner, consistent with the standards of 1. Labor, Equipment, Materials, and Supplies. recognized professional firms in performing Provide, perform, and complete, in the Work of a similar nature, in full compliance manner specified and described in this with, and as required by or pursuant, to this Contract, all necessary work, labor, services, Contract, and with the greatest economy, transportation, equipment, materials, efficiency, and expedition consistent supplies, information, data, and other means therewith, with only new, undamaged, and and items necessary for the Underground first quality equipment, materials, and Storage Tank (UST) Annual Compliance supplies. Testing as specified in Exhibit A attached hereto, in Oak Brook, Illinois 60523 ("Work B. Performance Standards. Contractor Site"); acknowledges and agrees that all Work shall be fully provided, performed, and completed in accordance with 2. Permits. The Village will furnish all the Proposal #2021-0585 dated May 13, 2021, attached permits, licenses, and other governmental hereto as Exhibit A. approvals and authorizations necessary in connection therewith; C. Responsibility for Damage or Loss. Contractor proposes, and agrees, that Contractor shall be 3. Insurance. Procure and furnish insurance responsible and liable for, and shall promptly and certificates specified in this Contract; without charge to Village repair or replace, any damage done to, and any loss or injury suffered by, the Village, 4. Taxes. Pay all applicable federal, state, and the Work, the Work Site, or other property or persons as local taxes; a result of the Work. 1 D. Inspection/Testing/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 July 15, 2021 ("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$2,620.00 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. Two Thousand Six Hundred and Twenty Dollars 4. Financial Assurance B. BASIS FOR DETERMINING PRICES A. Insurance. Contractor acknowledges and agrees that Contractor shall provide certificates of insurance It is expressly understood and agreed that: evidencing the minimum insurance coverages and limits set forth in Exhibit B within 10 days following the 1. All prices stated in the Schedule of Prices Village's acceptance of this Contract. Such policies shall are firm and shall not be subject to be in form, and from companies, acceptable to the escalation or change; Village. The insurance coverages and limits set forth Exhibit B shall be deemed to be minimum coverages and 2. The Village is not subject to state or local limits and shall not be construed in any way as a sales, use, and excise taxes, that no such limitation on Contractor's duty to carry adequate taxes are included in the Schedule of Prices, insurance or on Contractor's liability for losses or and that all claim or right to claim any damages under this Contract. The minimum insurance additional compensation by reason of the coverages and limits that shall be maintained at all payment of any such tax is hereby waived times while providing, performing, or completing the and released; Work are as set forth in Exhibit B. 3. All other applicable federal, state, and local taxes of every kind and nature applicable to B. Indemnification. Contractor acknowledges and the Work are included in the Schedule of agrees that Contractor shall indemnify and save Prices. harmless the Village its officers, officials, employees and volunteers, against all damages, liability, claims, losses, C. TIME OF PAYMENT and expenses (including attorneys' fee) that may arise,or be alleged to have arisen, out of or in connection with It is expressly understood and agreed that final Contractor's performance of, or failure to perform, the payment shall be made upon completion of the Work or any part thereof, or any failure to meet the work and final approval by the Village. representations and warranties set forth in Section 6 of this Contract. 2 C. Penalties. Contractor acknowledges and agrees D. Qualified. Contractor has the requisite that Contractor shall be solely liable for any fines or civil experience, ability, capital, facilities, plant, organization, penalties that are imposed by any governmental or and staff to enable Contractor to perform the Work quasi-governmental agency or body that may arise, or be successfully and promptly and to commence and alleged to have arisen, out of or in connection with complete the Work within the Contract Price and Contractor's performance of, or failure to perform, the Contract Time set forth above. Work or any part thereof. 7. Acknowledgements 5. Firm Proposal In submitting this Contract, Contractor All prices and other terms stated in this Contract are acknowledges and agrees that: firm and shall not be subject to withdrawal, escalation, or change. A. Reliance. The Village is relying on all warranties, representations, and statements made by 6. Contractor's Representations and Warranties Contractor in this Contract. In order to induce the Village to accept this Contract, B. Acceptance. If this Contract is accepted, Contractor hereby represents and warrants as follows: Contractor shall be bound by each and every term, condition, or provision contained in this Contract. A. The Work. The Work, and all of its components, shall strictly conform to the requirements of this C. Remedies. Each of the rights and remedies Contract, including, without limitation, the performance reserved to the Village in this Contract shall be standards set forth in Subsection 113 of this Contract; cumulative and additional to any other or further and shall be fit, sufficient, and suitable for the purposes remedies provided in law or equity or in this Contract. expressed in, or reasonably inferred from, this Contract and the warranties expressed herein shall be in addition D. Time. Time is of the essence in the performance to any other warranties expressed or implied by law, of all terms and provisions of this Contract and, except which are hereby reserved unto the Village. where stated otherwise references in this Contract to days shall be construed to refer to calendar days and B. Compliance with Laws. The Work, and all of its time. components, shall be provided,performed, and completed in compliance with, and Contractor agrees to be bound E. No Waiver. No examination, inspection, by, all applicable federal, state, and local laws, orders, investigation, test, measurement, review, determination, rules, and regulations, as they may be modified or decision, certificate, or approval by the Village, whether amended from time to time, including without limitation, before or after the Village's acceptance of this Contract; if applicable, the Prevailing Wage Act, 820 ILLS nor any information or data supplied by the Village, 130/0.01 et seq.; any other prevailing wage laws; any whether before or after the Village's acceptance of this statutes requiring preference to laborers of specified Contract; nor any order by the Village for the payment of classes; any statutes prohibiting discrimination because money; nor any payment for, or use, possession, or of, or requiring affirmative action based on, race, creed, acceptance of, the whole or any part of the Work by the color, national origin, age, sex, or other prohibited Village; nor any extension of time granted by the Village; classification; and any statutes regarding safety or the nor any delay by the Village in exercising any right performance of the Work. Further, Contractor shall under this Contract; nor any other act or omission of the have a written sexual harassment policy in compliance Village shall constitute or be deemed to be an acceptance with Section 2-105 of the Illinois Human Rights Act of any defective, damaged, or nonconforming Work, nor during the course of the work. operate to waive or otherwise diminish the effect of any representation or warranty made by Contractor; or of C. Not Barred. Contractor is not barred by law any requirement or provision of this Contract; or of any from contracting with the Village or with any other unit remedy, power, or right of the Village. of state or local government as a result of (i) a delinquency in the payment of any tax administered by the Illinois Department of Revenue unless Contractor is contesting, in accordance with the procedures established by the appropriate Revenue Act, its liability for the tax or the amount of tax, as set forth in 65 ILCS 5/11-42.1-1; or (ii) a violation of either Section 33E-3 or Section 33E-4 of Article 33 of the Criminal Code of 1961, 720 ILCS 5/33E-1 et sem. 3 F. Severability. It is hereby expressed to be the shall make available for inspection the records required intent of the parties to this Contract that should any to be made and kept by the Act: (i) to the Village, its provision, covenant, agreement, or portion of this officers and agents, and to the Director of the Illinois Contract or its application to any Person or property be Department of Labor and his or hers deputies and held invalid by a court of competent jurisdiction, the agents; and (ii) at all reasonable hours at a location remaining provisions of this Contract and the validity, within this State. enforceability, and application to any Person or property shall not be impaired thereby, but the remaining K. Conflicts of Interest. Contractor represents and provisions shall be interpreted, applied, and enforced so certifies that, to the best of its knowledge, (1) no elected as to achieve, as near as may be, the purpose and intent or appointed Village official, employee or agent has a of this Contract to the greatest extent permitted by personal financial interest in the business of the applicable law. Contractor or in this Agreement, or has personally received payment or other consideration for this G. Amendments and Modifications. No amendment Agreement; (2) as of the date of this Agreement, neither or modification to this Contract shall be effective until it Contractor nor any person employed or associated with is reduced to writing and approved and executed by the Contractor has any interest that would conflict in any corporate authorities of the parties in accordance with all manner or degree with the performance of the applicable statutory procedures. obligations under this Agreement; and (3) neither Contractor nor any person employed by or associated H. Assignment. Neither this Contract, nor any with Contractor shall at any time during the term of this interest herein, shall be assigned or subcontracted, in Agreement obtain or acquire any interest that would whole or in part, by Contractor except upon the prior conflict in any manner or degree with the performance of written consent of the Village. the obligations under this Agreement. 1. Governing Law; Venue. This Contract shall be L. Exhibits and Other Agreements. If any conflict exists governed by, construed and enforced in accordance with between this Agreement and any exhibit attached hereto the internal laws, but not the conflicts of laws rules, of or any other Agreement between the parties relating to the State of Illinois. Venue for any action arising out of this transaction, the terms of this Agreement shall or due to this Contract shall be in the Circuit Court for prevail. DuPage County, Illinois. M. No Disclosure of Confidential Information by the J. Certified Payrolls. Contractor shall, in Consultant. The Consultant acknowledges that it accordance with Section 5 of the Illinois Prevailing Wage shall, in performing the Services for the Village under Act, 820 ILCS 130/5, submit to the Village, on a monthly this Agreement, have access, or be directly or basis, a certified payroll, if applicable. The certified indirectly exposed, to Confidential Information. The payroll shall consist of a complete copy of those records required to be made and kept by the Prevailing Wage Consultant shall hold confidential all Confidential Information and shall not disclose or use such Act. The certified payroll shall be accompanied by a statement signed by the Contractor or subcontractor Confidential Information without the express prior which certifies that: (1) such records are true and written consent of the Village. The Consultant shall accurate; (2) the hourly rate paid is not less, if use reasonable measures at least as strict as those the applicable, than the general prevailing rate of hourly Consultant uses to protect its own confidential wages required by the Prevailing Wage Act; and (3) information. Such measures shall include, without Contractor or subcontractor is aware that filing a limitation, requiring employees and subcontractors of certified payroll that he or she knows to be false is a the Consultant to execute a nondisclosure agreement Class B misdemeanor. A general contractor may rely before obtaining access to Confidential Information. upon the certification of a lower tier subcontractor, provided that the general contractor does not knowingly rely upon a subcontractor's false certification. Upon two business days' notice, Contractor and each subcontractor 4 IN WITNESS WHEREOF the parties hereto VILLAGE OF OAK BROOK, an Illinois municipal have caueegreement to be executed, corporation effective on ie ACq& 2071. ; € ATTEST: / Bv: -/ Village Clerk Vit age Manager ATTEST: STENSTROM PETROLEUM SERVICES GROUP ( Its: ,�G�.l Gt its; I i i { s i i r r p t P fff 1 } { r EXHIBIT A (PROPOSAL #2021-0585 DATED MAY 13, 2021) 6 Date:5/13/2021 Proposal: 2021-0585 q Customer: Rick Valent Village of Oak Brook 3003 Jorie Blvd Oak Brook, IL 60523 PH/Email: 630-368-5276/rvalent@oak-brook.org Site Information: Same as above Statement of Work: Complete testing as listed below: r. e , Precision Line Test(includes 2 lines and 2 leak detectors) 1 350.00 350.00 ATG Certification and Sensors 1 400.00 400.00 E Stop Switch Test 2 75.00 150.00 Shear Valve Inspection 2 10.00 20.00 OSFM Annual Inspection 1 275.00 275.00 Overfill Device Test 1 75.00 75.00 Hydrostatic Containment Test(includes sumps and sbucket) 1 1350.00 1,350.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 v s 3� 0.00 Accept Option: Decline Option: (,/one) PO Number: General Notes: • Proposal is subject to the attached Terms and Conditions, however any terms and conditions detailed in the bodyt of the proposal supersede those stated via the attachment. • This estimate is valid for 30 days from the above date. • The pricing listed is for the Statement of Work specified—any additional work required to resolve the issue will be billed at Stenstrom Petroleum Service standard rates. • There is a $550.00 minimum charge for sump testing • Price includes disposal of testing water at an approved facility. Customer is responsible for signing water disposal manifest. Revised:4121120 Amok— Date: 5/13/2021 t Proposal: 2021-0585 IEK1u • Stenstrom Petroleum is not liable for any damage to exisiting equipment that results from testing. • Stenstrom Petroleum is not liable for any water that enters into the tank/or lines that results from hydrostatic testing. • Overfill valve and ball float test pricing is based on being able to remove the valve and ball float. • Stenstrom Petroleum will provide test water for containment testing. • Pricing is based on normal rates and does not include prevailing wage. • All pricing is based on the service locatin being within a 50-mile radius of the Rockford or Lombard Office. • Any authorized repairs required to obtain a passing test will be chaged at standard service rates. Payment Terms: • On Reciept The Following Items are Not Included in Proposal • Any equipment or material not specifically listed in this proposal is excluded • Any permits • Return trips due to water in containment sumps • Return trips due to lack of access to necessary equipment • If a lift is required to access and test the vent caps an additional charge of$500.00 will apply. • Dewatering, storage, or disposal of water Thank you for the opportunity to submit this proposal. Feel free to give me a call with any questions. Sincerely, Tim Smith Environmental Compliance Manager Peii-sleuth Services Group Signature - - Printed Name Title Revised:4121120 Date: 5/13/2021 Proposal: 2021-0585 9 Environmental Compliance Terms and Conditions 1.DEFINITIONS The following words shall where the context permits,have the following meanings: "Detection of a Leak"means the ability to detect evidence of a release with a probability of detection of 95%and a probability of false alarm of 5%. "Proposal"means the formal document issed by Stenstrom Petroleum Services Inc.testing service which the owner may require. 2.AGREEMENT These Conditions of Proposal,together with all documents specified within the Proposal,constitute the entire terms of the Proposal,expres or implied.The Purchaser may not sub-contract or assign its rights under a Proposal without Stenstrom Petroleum Services Inc.'s prior written consent. In the event of any ambiguity,conflict or confusion between the documents,the terms in the Proposal itself shall prevail. Stenstrom Petroleum Services Inc.shall not be bound by the Proposal until it has been signed by Purchaser. 3.VARIATION If the Purchaser wishes to amend the Proposal,and such varation(s)cause an increase or decrease in Stenstrom Petroleum Services Inc.'s costs or an alteration in the delivery time,an equitable adjustment may be negotiated. 4.PERMITS No provision is made in this Proposal for special fees,permits,licenses,or similar expenses.If Purchaser is requested to furnish same such charges will be added to the contract price unless otherwise stated. S.COST AND PAYMENT The price for the Stenstrom Petroleum Services System Service shall be as specified in the Proposal,with terms of patment being with thirty(30)days after submission of the results of the Stenstrom Petroleum Services System Service being provided to the Purchaser,unless otherwise agreed in the Proposal. A finance charge of 18%per annum(11/2 per month)will be added to all amounts not paid in full within(30)days from the billing date. 6.WARRANTY OF SERVICE Stenstrom Petroleum Services Inc.warrants it will use its best endeavours to correctly provide the datea to Leighton O'Brien to analyse figures provided by the Purchaser,for the Detection of a Leak,and otherwise to advise the Purchaser of the quality and performance of its underground tanks. 7.IMPLIED TERMS Purchaser agrees that other than the warranty set out in clause 5,all warranties expressed or implied by statute,common law,equity or trade custom or usage or otherwise permitted by law. Further,the Purchaser acknowledges that neither Stenstrom Petroleum Services Inc.nor any of its Directors or Officers has made any representation or given any promise or undertaking except as set out in the Proposal or these Conditions of Purchase,and the Proposal and Conditions of Purchase shall form the entire agreement between the parties. 8.LIMITATIN OF LIABILITY Other than as provided for in these Conditions of Purchase,Stenstrom Petroleum Services Inc.shall not be liable to the Purchaser for any loss or damage, whether direct,indirect or consequential,caused as a result of relaince by the Purchaser or any third party the Stenstrom Petroleum Services System Service or its results. 9.DELIVERY Stenstrom Petroleum Services Inc.will deliver the results of the Stenstrom Petroleum Services System Service to the address nominated by the Purchaser in the Proposal as soon as practiable and otherwise by a date agreed between both parties. 10.PROPERTY IN STENSTROM PETROLEUM SERVICES SYSTEM SERVICE The property in the Stenstrom Petroleum Services and Leighton O'Brien System Service and its software shall remain at all times with Stenstrom Petroleum Services and Leighton O'Brien Inc. Copies of documents and figures provided to Stenstrom Petroleum Services and Leighton O'Brien Inc.by the Purchaser shall be retained by Stenstrom Petroleum Services and Leighton O'Brien Inc.Unless otherwise agreed in writing. 11.DEFAULT In the event of a breach by the Purchaser of any terms of the Proposal or these Conditions of Purchase,Stenstrom Petroleum Services Inc.may at its option and without prejudice to any of its other rights,cancel any undelivered results of the Stenstrom Petroleum Services System Service of a current Proposal and the Purchaser shall not be entitled to any compensation in respect of such cancellation. Revised:4121120 Date:5/13/2021 Proposal: 2021-0585 E 12.CANCELLATION If the Purchaser cancels a Proposal prior to completion,Stenstrom Petroleum Services Inc.may,at its option charge a cancellation fee of$100.for cost involced with data processing. 13.CONFIDENTIALITY The Purchaser and Stenstrom Petroleum Services Inc.shall maintain confidentiality in all matters relative to any enquiry,quotation or tender and any resultant Propotal. 14.PURCHASER'S WARRANTY The Purchaser warrants that all information provided to Stenstrom Petroleum Services Inc.is accurate,and the Purchaser shall indemnify Stenstrom Petroleum Services Inc.against any loss,claims,damages or expenses arising out of or in connection with any breach of this warranty. 1S.INSOLVENCY If the Purchaser shall become bankrupt or insolvent,or have a receiving order made against it or compounded with its creditors,or if being a corporation,a petition for the compulsory winding-up not being for the purpose of reconstruction or amalgamation thereof commences or on the appointment of a receiver, Stenstrom Petroleum Services Inc.shall be at liberty: (a)to terminate the Proposal forthwith by notice in writing to the Purchaser or receiver or liquidator or to any person in whom the Proposal may become vested,or (b)to give such receiver,liquidator or other person the option of carrying out the Proposal subject to it provdiing a gurantee for the due and faithful performance of the Proposal up to an amount to be agreed upon. 16.APPLICABLE LAW This Proposal and the performance there of shall be governed by the laws of the State of Illinois. 17.WAIVER Failure by Stenstrom Petroleum Services Inc to insist upon strict performance of any terms or condition shall not constitute a waiver of any rights of Stenstrom Petroleum Services Inc.under that term or condition,or a waiver or any other provisin or of any other provision. 18.PURCHASER TERMS AND CONDITIONS Unless specifically accepted in the Proposal any terms and conditions of sale or the like of Stenstrom Petroleum Services Inc.shall not form part of the terms and conditions in respect to any Stenstrom Petroleum Services System Service provided under the Proposal. No terms state by Stenstrom Petroleum Services Inc.in accepting or aknowledgin the Order shall be binding upon Stenstrom Petroleum Services Inc.unless accepted in writing by Stenstrom Petroleum Services. 19.LIENS To protect all parties,a mechanics len will automatically be filed where payment is not receicved according to the terms of this contract. 20.ACKNOWLEDGEMENT Please sign and initial where noted and fax or email to Stenstrom Petroleum Services Inc.Pty Ltd. I/We acknoledge that we have received these conditions of purchase as a condition to the Proposal signed by us and that we agree to abide by the said conditions of Purchase of the Company as varied and notified from time to time. Company: Name: Signature: Date: Revised:4121120 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. E. Worker's Compensation and Employer's Liability Coverage The policy shall waive all rights of subrogation against the Village, its officers, officials, employees, 7 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. 8