Common use of Builder’s Risk Policy Clause in Contracts

Builder’s Risk Policy. 1. The policy shall be a Completed Value All Risk Builder’s Risk/Installation Floater form or equivalent form issued under an ISO (hereinafter referred to as “Builder’s Risk” or “policy”) with the policy limit equal to one hundred percent (100%) of the Agreement Price and shall include the value of University-purchased building materials and supplies, equipment, machinery and fixtures intended to become a permanent part of the Project.

Builder’s Risk Policy. 1. The policy shall be a Completed Value All Risk Builder’s Risk/Installation Floater form or equivalent form issued under an ISO (hereinafter referred to as “Builder’s Risk” or “policy”) with the policy limit equal to one hundred percent (100%) of the Agreement Price and shall include total sum of all Agreements, including the value of UniversityOwner-purchased building materials and supplies, equipment, machinery and fixtures intended to become a permanent part of the Project.