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Owner experience twenty five (25) years or greater in the automotive work field. Administration Upon contract award, COTS will meet with the Contractor to review procedures for monitoring contract performance. In general, the Contractor shall anticipate that COTS will use standard industry rate publications for cost and performance time guidelines, obtain second opinions of service work at random, and schedule on- site visits with shop management to review service performance. Contract renewal meetings shall be held prior to the end of the contract period expiration. At that time, CCTS will offer a contract extension or may notify the Contractor of its intent not to renew. Contract Cost Adjustments The costs, including the Contractor fees, shall be adjusted for the second and subsequent years of the Contract, prior to the end of the previous contract term. During the Annual Meeting, labor rates and costs of doing business will be reviewed. Changes in labor rates will be negotiated. The Consumer Price Index (CPI) and changes in the Minimum Wage Rate will serve as guides in these discussions I negotiations. Contract Termination With a thirty (30) day written notice, COTS may terminate this contract in whole or in part, for convenience or because of the failure of the Contractor to fulfill the contract obligations. Upon receipt of the notice, the Contractor shall (1) immediately discontinue all services affected (unless the notice directs otherwise), and (2) deliver to COTS all equipment (property of COTS), data, drawings, specifications, reports, estimates, summaries, and other information and materials accumulated in performing this contract, whether completed or in process. Mandatory Insurance Requirements The Contractor shall provide Certificates of Insurance to COTS. Any changes in the coverage of these policies must be communicated sixty (60) days prior to the change. Worker Compensation —Statutory minimum limits: G.S. 97 Workman's Compensation Act requires any employer with employs three or more employees to carry workman's compensation coverage. Employer's liability with a minimum of $100,000 combined single limit per accident, $100,000 each employee for bodily injury by disease and $500,000 policy limit bodily injury by disease. Garage Keeper's Extra Legal Liability: Minimum limits $1,000,000 per occurrence Garage Liability: Minimum limits $1,000,000 per occurrence Commercial General Liability: Minimum $1,000,000 combined single limit of Bodily Injury and Property Damage per occurrence including the fallowing coverage: Contractual Liability, Premises and Operations, Independent Contractors, Completed Operations and Product Liability, Personal Injury Automobile Liability: Minimum $1,000,000 combined single limit of Bodily Injury and Property Damage per occurrence including the following: owned automobiles, hired automobiles, non -hired automobiles County, its agents, officers and employees shall be named as an additional insured. 15 Atl chmenl number 1 In F-3 Page 133