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been approved by the County's Risk Manager. The Contractor shall furnish a Performance Bond in an amount of 100% of the Contract Price as security for the full and complete performance of this Agreement and a Payment Bond in the amount of 100% of the Contract Price as security for the payment of all persons performing labor, furnishing materials, or furnishing equipment in connection with this Agreement. The Performance Bond shall remain in effect for one ( 1 ) year after final payment under this Agreement. The Surety shall be authorized to issue surety bonds in Florida and be included in the most recent United States Department of Treasury List of Acceptable Sureties. Contractor shall require the attorney-in-fact, who executed the Payment Bond and the Performance Bond , to affix to each a current certified copy of their Power of Attorney, reflecting such person's authority as Power of Attorney in the State of Florida. Further, at the time of execution of the Agreement, the Contractor shall provide a copy of the Surety's current valid Certificate of Authority issued by the United States Department of the Treasury under 31 United States Code sections 9304-9308. Each of the Payment Bond and Performance Bond shall be submitted in the forms specified by the Owner. The Contractor shall provide two separate bonds. 5 . INDEMNIFICATION . In consideration of the sum of Fifteen and 00/100 Dollars ($15. 00) , the receipt and sufficiency of which is acknowledged by Contractor to be included and paid for in the Contract Price, the Contractor shall indemnify and hold harmless the Owner and its agents and employees from and against all liabilities, claims , damages, losses, and expenses, including attorney's fees, arising out of or resulting from the performance of the Services, provided that any such liability, claim , damage, loss, or expense: a) is attributable to bodily injury, sickness , disease or death, or to injury to or destruction of tangible property (other than the work itself) , including the loss of use resulting therefrom; and b) is caused in whole or in part by any negligent act or omission of the Contractor, and subcontractor, anyone directly or indirectly employed by any of them or anyone for whose acts any of them may be liable. In any and all claims against the Owner or any of its agents or employees, by any employee of the Contractor, any subcontractor, anyone directly or indirectly employed by any of them or anyone for whose acts any of them may be liable, the indemnification obligation hereunder shall not be limited in any way as to the amount or type of damages, compensation or benefits payable by or for the Contractor or any subcontractor under Workers' Compensation Acts, disability benefit acts, or other employee benefit acts. 6 . CONTRACT PRICE. For the Services performed hereunder, the Owner shall pay to the Contractor the mutually agreed upon sum of $253, 829 .00 (Two Hundred and Fifty- Three Thousand , Eight Hundred Twenty Nine dollars) Proper Invoices , phased as set forth herein, shall be submitted to the Indian River County Finance Department in detail sufficient for proper prepayment and post payment audit. All payments for services shall be made to the Contractor by the Owner in accordance with the Local Government Prompt Payment Act (2007), Florida Statutes Section 218. 70 et seq . 7. PROGRESS PAYMENTS. The Owner shall make monthly progress payments to the CONTRACTOR on the basis of the approved partial payment requests in accordance with the provisions of the Local Government Prompt Payment Act, Florida Statutes section 218. 70 et. seq . Each request for a progress payment shall be submitted on the application for payment form supplied by Owner and the application for payment shall 2