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IV. Willingness of any parent company to provide the required financial guaranty evidenced by a letter of commitment signed by an officer of the parent company having the authority to execute the parent company guaranty V. Ability to obtain required insurance with coverage values that meet minimum requirements evidenced by a letter from an underwriter confirming that the Proposer can be insured for the required amount ii. Evidence of satisfactory performance and integrity on project developments in performing on time, and meeting specifications. Description of steps taken by Proposer to resolve any judgments, liens, and other claims. Evidence shall be by client references. The Procuring Agency shall have the right to investigate the references and past performances of Proposer. (b) Evaluation Criteria Unacceptable Exceptions, Conditions, Reservations and Understandings (pass or fail). Exceptions, conditions, reservations or understandings that are explicitly, fully and separately stated in a conspicuously identified section of Proposer's proposal will be evaluated for their acceptability. A proposal having a preponderance of unacceptable exceptions and conditions may be cause for the proposal to be rejected. Each of any exceptions and/or conditions made in a proposal will be evaluated and the Selection Committee will determine their individual acceptability. An unacceptable exception, condition, reservation or understanding, if not withdrawn by the Proposer upon the request by the Selection Committee, would be cause for the proposal to be rejected. For the purposes of determining the competitive range a proposal containing unacceptable exceptions, conditions, reservations or understandings may be included on the basis that the proposal is capable of being made acceptable provided that the Proposer withdraw or modify the unacceptable exceptions, conditions, reservations ar understandings. Any exceptions, conditions, reservations or understandings which do not cause the Selection Committee to consider a proposal to be outside the competitive range, will be evaluated according to the respective evaluation criteria and/ar sub- criteria which they affect. ii. Technical Proposal. The Project proposal offered will be evaluated for the following factors and each factor will be assigned a score as described in 6.3(b) iii below: I. Qualifications. Degree to which Proposer exceeds the required qualifications of Section 63(a) above. Weight = II. Record of Performance. Proven ability of the team members to successfully develop high quality, mixed-use developments in an urban setting. Weight =