Construction Manager's Insurance. 11.01 The Construction Manager shall not commence work under the Agreement until it has obtained all required insurance and until such insurance has been reviewed and approved in writing by the Owner. Approval of the insurance by the Owner shall not relieve nor decrease the liability of the Construction Manager hereunder. Prior to commencing any of the Preconstruction Services, Construction Manager shall provide evidence as required by this Article that coverages for Employer’s Liability, Workers’ Compensation, Comprehensive General Liability, Comprehensive Automobile Liability and Owner’s and Contractor’s Protective as set forth in Owner’s Standard Uniform General and Supplementary Conditions are in full force and effect. Prior to commencing any construction work, Builder’s Risk as set forth in Owner’s Standard Uniform General and Supplementary Conditions and paid for by Construction Manager shall be in full force and effect and shall be increased as necessary for each separate bid package, phase, or Stage of construction prior to the commencement of construction for that package, phase, or Stage. 11.02 The Construction Manager shall not cause or allow any of its insurance to be canceled nor permit any insurance to lapse during the term of the Agreement or as required in the Agreement. If the Construction Manager fails to obtain, maintain or renew any insurance required by the Agreement, the Owner may obtain insurance coverage directly and recover the cost of that insurance from the Construction Manager. 11.03 The Owner reserves the right to review the insurance requirements set forth in this Article during the effective period of the Agreement and to make reasonable adjustments to the insurance coverages and their limits when deemed necessary and prudent by the Owner based upon changes in statutory law, court decisions, or the claims history of the industry as well as the Construction Manager. 11.04 The Owner shall be entitled, upon request, and without expense, to receive copies of the policies and all endorsements thereto and may make any reasonable requests for deletion, or revision or modification of particular policy terms, conditions, limitations, or exclusions, except where policy provisions are established by law or regulation binding upon either of the Parties or the underwriter of any of such polices. Actual losses not covered by insurance as required by this Article shall be paid by the Construction Manager. 11.05 The cost of premiums for any additional insurance coverage desired by the Construction Manager in excess of that required by this Agreement, the Uniform General and Supplementary Conditions, or the Contract Documents shall be borne solely by the Construction Manager out of its fees and not included in the GMP Proposal as a Direct Construction Cost.
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Samples: Construction Management at Risk Agreement, Construction Management at Risk Agreement
Construction Manager's Insurance. 11.01 The Construction Manager shall not commence work under the Agreement until 1) it has verified that all insurance provided by Owner under the OWNER CONTROLLED INSURANCE PROGRAM (OCIP) as set forth in the Uniform General and Supplementary General Conditions has been placed in effect and 2) it has obtained all other required insurance as set forth in the Uniform General and until Supplementary General Conditions and such insurance has been reviewed and approved in writing by the Owner. Approval of the insurance by the Owner shall not relieve nor decrease the liability of the Construction Manager hereunder. Prior to commencing any of the Preconstruction Pre- construction Services, Construction Manager shall provide evidence as required by this Article that coverages coverage’s for Employer’s Liability, Workers’ Compensation, Comprehensive General Liability, Comprehensive Automobile Liability and Owner’s and Contractor’s Protective as set forth in Owner’s Standard Uniform General and Supplementary Conditions are in full force and effect. Prior to commencing any construction work, Builder’s Risk as set forth in Owner’s Standard Uniform General and Supplementary Conditions and paid for by Construction Manager shall be in full force and effect and shall be increased as necessary for each separate bid package, phase, or Stage of construction prior to the commencement of construction for that package, phase, or Stage.
11.02 Notwithstanding the insurance requirements set forth in Article XI, Section 11, Construction Manager’s Insurance, LSC shall implement an OWNER CONTROLLED INSURANCE PROGRAM (OCIP) for the project. The Construction Manager should be prepared to identify and exclude, and cause all subcontractors and other vendors working under Construction Manager to identify and exclude, any cost for insurance coverage lines identified in the Uniform General and Supplementary General Conditions. LSC shall allow Construction Manager to include in the GMP a charge of up to 0.2% of insurable project cost to cover any other insurance needed by Construction Manager. Additionally, LSC shall purchase and maintain the Property/Builders Risk Insurance for the project in accordance with the OCIP identified in the Uniform General and Supplementary General Conditions. The Construction Manager should be prepared to identify and remove the cost for any premium or deductible expenses accordingly.
11.03 The Construction Manager shall not cause or allow any of its insurance to be canceled nor permit any insurance to lapse during the term of the Agreement or as required in the Agreement. If the Construction Manager fails to obtain, maintain or renew any insurance required by the Agreement, the Owner may obtain insurance coverage directly and recover the cost of that insurance from the Construction Manager.
11.03 11.04 The Owner reserves the right to review the insurance requirements set forth in this Article during the effective period of the Agreement and to make reasonable adjustments to the insurance coverages coverage’s and their limits when deemed necessary and prudent by the Owner based upon changes in statutory law, court decisions, or the claims history of the industry as well as the Construction Manager.
11.04 11.05 The Owner shall be entitled, upon request, and without expense, to receive copies of the policies and all endorsements thereto and may make any reasonable requests for deletion, or revision or modification of particular policy terms, conditions, limitations, or exclusions, except where policy provisions are established by law or regulation binding upon either of the Parties or the underwriter of any of such polices. Actual losses not covered by insurance as required by this Article shall be paid by the Construction Manager.
11.05 The cost of premiums for any additional insurance coverage desired by the 11.06 LSC will reimburse Construction Manager in excess for 0.9% premium cost for Subcontractor Default Insurance and will reimburse Construction Manager for 0.6% risk reserve cost for Subcontractor Default Insurance. In the event the extent of that required by this Agreementdefault related expenses allow for unspent risk reserve, the Uniform General LSC and Supplementary Conditions, or the Contract Documents Construction Manager shall split any such unspent risk reserve 50/50. Any unspent risk reserve shall be borne solely by the Construction Manager out of its fees and not included in the GMP Proposal as returned to LSC via a Direct Construction Costdeductive change order.
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Construction Manager's Insurance. 11.01 The Construction Manager shall not commence work under the Agreement until 1) it has verified that all insurance provided by Owner under the OWNER CONTROLLED INSURANCE PROGRAM (OCIP) as set forth in the Uniform General and Supplementary General Conditions has been placed in effect and 2) it has obtained all other required insurance as set forth in the Uniform General and until Supplementary General Conditions and such insurance has been reviewed and approved in writing by the Owner. Approval of the insurance by the Owner shall not relieve nor decrease the liability of the Construction Manager hereunder. Prior to commencing any of the Preconstruction Pre-construction Services, Construction Manager shall provide evidence as required by this Article that coverages coverage’s for Employer’s Liability, Workers’ Compensation, Comprehensive General Liability, Comprehensive Automobile Liability and Owner’s and Contractor’s Protective as set forth in Owner’s Standard Uniform General and Supplementary Conditions are in full force and effect. Prior to commencing any construction work, Builder’s Risk as set forth in Owner’s Standard Uniform General and Supplementary Conditions and paid for by Construction Manager shall be in full force and effect and shall be increased as necessary for each separate bid package, phase, or Stage of construction prior to the commencement of construction for that package, phase, or Stage.
11.02 Notwithstanding the insurance requirements set forth in Article XI, Section 11, Construction Manager’s Insurance, LSC shall implement an OWNER CONTROLLED INSURANCE PROGRAM (OCIP) for the project. The Construction Manager should be prepared to identify and exclude, and cause all subcontractors and other vendors working under Construction Manager to identify and exclude, any cost for insurance coverage lines identified in the Uniform General and Supplementary General Conditions. LSC shall allow Construction Manager to include in the GMP a charge of up to 0.2% of insurable project cost to cover any other insurance needed by Construction Manager. Additionally, LSC shall purchase and maintain the Property/Builders Risk Insurance for the project in accordance with the OCIP identified in the Uniform General and Supplementary General Conditions. The Construction Manager should be prepared to identify and remove the cost for any premium or deductible expenses accordingly.
11.03 The Construction Manager shall not cause or allow any of its insurance to be canceled nor permit any insurance to lapse during the term of the Agreement or as required in the Agreement. If the Construction Manager fails to obtain, maintain or renew any insurance required by the Agreement, the Owner may obtain insurance coverage directly and recover the cost of that insurance from the Construction Manager.
11.03 11.04 The Owner reserves the right to review the insurance requirements set forth in this Article during the effective period of the Agreement and to make reasonable adjustments to the insurance coverages coverage’s and their limits when deemed necessary and prudent by the Owner based upon changes in statutory law, court decisions, or the claims history of the industry as well as the Construction Manager.
11.04 11.05 The Owner shall be entitled, upon request, and without expense, to receive copies of the policies and all endorsements thereto and may make any reasonable requests for deletion, or revision or modification of particular policy terms, conditions, limitations, or exclusions, except where policy provisions are established by law or regulation binding upon either of the Parties or the underwriter of any of such polices. Actual losses not covered by insurance as required by this Article shall be paid by the Construction Manager.
11.05 The cost of premiums for any additional insurance coverage desired by the 11.06 LSCS will not reimburse Construction Manager in excess for the universal or total project funding of that required by this Agreementsubcontractor bonding, subcontractor default or other forms of insurance or payments to protect against subcontractor non-performance, failure or default. In the event of a subcontractor default, the Uniform General contractor may submit the default particulars and Supplementary Conditions, or the Contract Documents shall be borne solely by the Construction Manager resolution cost to LSCS for review and approval to expend out of its fees and not included in the GMP Proposal as a Direct Construction CostContractor’s Contingency.
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Construction Manager's Insurance. 11.01 The Construction Manager shall not commence work under the Agreement until 1) it has verified that all insurance provided by Owner under the OWNER CONTROLLED INSURANCE PROGRAM (OCIP) as set forth in the Uniform General and Supplementary General Conditions has been placed in effect and 2) it has obtained all other required insurance as set forth in the Uniform General and until Supplementary General Conditions and such insurance has been reviewed and approved in writing by the Owner. Approval of the insurance by the Owner shall not relieve nor decrease the liability of the Construction Manager hereunder. Prior to commencing any of the Preconstruction Pre‐construction Services, Construction Manager shall provide evidence as required by this Article that coverages coverage’s for Employer’s Liability, Workers’ Compensation, Comprehensive General Liability, Comprehensive Automobile Liability and Owner’s and Contractor’s Protective as set forth in Owner’s Standard Uniform General and Supplementary Conditions are in full force and effect. Prior to commencing any construction work, Builder’s Risk as set forth in Owner’s Standard Uniform General and Supplementary Conditions and paid for by Construction Manager shall be in full force and effect and shall be increased as necessary for each separate bid package, phase, or Stage of construction prior to the commencement of construction for that package, phase, or Stage.
11.02 Notwithstanding the insurance requirements set forth in Article XI, Section 11, Construction Manager’s Insurance, LSC shall implement an OWNER CONTROLLED INSURANCE PROGRAM (OCIP) for the project. The Construction Manager should be prepared to identify and exclude, and cause all subcontractors and other vendors working under Construction Manager to identify and exclude, any cost for insurance coverage lines identified in the Uniform General and Supplementary General Conditions. LSC shall allow Construction Manager to include in the GMP a charge of up to 0.2% of insurable project cost to cover any other insurance needed by Construction Manager. Additionally, LSC shall purchase and maintain the Property/Builders Risk Insurance for the project in accordance with the OCIP identified in the Uniform General and Supplementary General Conditions. The Construction Manager should be prepared to identify and remove the cost for any premium or deductible expenses accordingly.
11.03 The Construction Manager shall not cause or allow any of its insurance to be canceled nor permit any insurance to lapse during the term of the Agreement or as required in the Agreement. If the Construction Manager fails to obtain, maintain or renew any insurance required by the Agreement, the Owner may obtain insurance coverage directly and recover the cost of that insurance from the Construction Manager.
11.03 11.04 The Owner reserves the right to review the insurance requirements set forth in this Article during the effective period of the Agreement and to make reasonable adjustments to the insurance coverages coverage’s and their limits when deemed necessary and prudent by the Owner based upon changes in statutory law, court decisions, or the claims history of the industry as well as the Construction Manager.
11.04 11.05 The Owner shall be entitled, upon request, and without expense, to receive copies of the policies and all endorsements thereto and may make any reasonable requests for deletion, or revision or modification of particular policy terms, conditions, limitations, or exclusions, except where policy provisions are established by law or regulation binding upon either of the Parties or the underwriter of any of such polices. Actual losses not covered by insurance as required by this Article shall be paid by the Construction Manager.
11.05 The cost of premiums for any additional insurance coverage desired by the 11.06 LSCS will not reimburse Construction Manager in excess for the universal or total project funding of that required by this Agreementsubcontractor bonding, subcontractor default or other forms of insurance or payments to protect against subcontractor non‐performance, failure or default. In the event of a subcontractor default, the Uniform General contractor may submit the default particulars and Supplementary Conditions, or the Contract Documents shall be borne solely by the Construction Manager resolution cost to LSCS for review and approval to expend out of its fees and not included in the GMP Proposal as a Direct Construction CostContractor’s Contingency.
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Construction Manager's Insurance. 11.01 The Construction Manager shall not commence work under the Agreement until 1) it has verified that all insurance provided by Owner under the OWNER CONTROLLED INSURANCE PROGRAM (OCIP) as set forth in the Uniform General and Supplementary General Conditions has been placed in effect and 2) it has obtained all other required insurance as set forth in the Uniform General and until Supplementary General Conditions and such insurance has been reviewed and approved in writing by the Owner. Approval of the insurance by the Owner shall not relieve nor decrease the liability of the Construction Manager hereunder. Prior to commencing any of the Preconstruction Pre- construction Services, Construction Manager shall provide evidence as required by this Article that coverages coverage’s for Employer’s Liability, Workers’ Compensation, Comprehensive General Liability, Comprehensive Automobile Liability and Owner’s and Contractor’s Protective as set forth in Owner’s Standard Uniform General and Supplementary Conditions are in full force and effect. Prior to commencing any construction work, Builder’s Risk as set forth in Owner’s Standard Uniform General and Supplementary Conditions and paid for by Construction Manager shall be in full force and effect and shall be increased as necessary for each separate bid package, phase, or Stage of construction prior to the commencement of construction for that package, phase, or Stage.
11.02 Notwithstanding the insurance requirements set forth in Article XI, Section 11, Construction Manager’s Insurance, LSC shall implement an OWNER CONTROLLED INSURANCE PROGRAM (OCIP) for the project. The Construction Manager should be prepared to identify and exclude, and cause all subcontractors and other vendors working under Construction Manager to identify and exclude, any cost for insurance coverage lines identified in the Uniform General and Supplementary General Conditions. LSC shall allow Construction Manager to include in the GMP a charge of up to 0.2% of insurable project cost to cover any other insurance needed by Construction Manager. Additionally, LSC shall purchase and maintain the Property/Builders Risk Insurance for the project in accordance with the OCIP identified in the Uniform General and Supplementary General Conditions. The Construction Manager should be prepared to identify and remove the cost for any premium or deductible expenses accordingly.
11.03 The Construction Manager shall not cause or allow any of its insurance to be canceled nor permit any insurance to lapse during the term of the Agreement or as required in the Agreement. If the Construction Manager fails to obtain, maintain or renew any insurance required by the Agreement, the Owner may obtain insurance coverage directly and recover the cost of that insurance from the Construction Manager.
11.03 11.04 The Owner reserves the right to review the insurance requirements set forth in this Article during the effective period of the Agreement and to make reasonable adjustments to the insurance coverages coverage’s and their limits when deemed necessary and prudent by the Owner based upon changes in statutory law, court decisions, or the claims history of the industry as well as the Construction Manager.
11.04 11.05 The Owner shall be entitled, upon request, and without expense, to receive copies of the policies and all endorsements thereto and may make any reasonable requests for deletion, or revision or modification of particular policy terms, conditions, limitations, or exclusions, except where policy provisions are established by law or regulation binding upon either of the Parties or the underwriter of any of such polices. Actual losses not covered by insurance as required by this Article shall be paid by the Construction Manager.
11.05 The cost of premiums for any additional insurance coverage desired by the 11.06 LSCS will not reimburse Construction Manager in excess for the universal or total project funding of that required by this Agreementsubcontractor bonding, subcontractor default or other forms of insurance or payments to protect against subcontractor non-performance, failure or default. In the event of a subcontractor default, the Uniform General contractor may submit the default particulars and Supplementary Conditions, or the Contract Documents shall be borne solely by the Construction Manager resolution cost to LSCS for review and approval to expend out of its fees and not included in the GMP Proposal as a Direct Construction CostContractor’s Contingency.
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Construction Manager's Insurance. 11.01 12.01 The Construction Manager shall not commence work under the Agreement until it has obtained all required insurance and until such insurance has been reviewed and approved in writing by the Owner. Approval of the insurance by the Owner shall not relieve nor decrease the liability of the Construction Manager hereunder. Prior to commencing any of the Preconstruction Pre- Construction Services, Construction Manager shall provide evidence as required by this Article that coverages for Employer’s Liability, Workers’ Compensation, Comprehensive Commercial General Liability, Comprehensive Automobile Liability and Owner’s and Contractor’s Protective Insurance as set forth in Owner’s Standard Uniform General and Supplementary and/or Supplemental Conditions are in full force and effect. Prior to commencing any construction work, Builder’s Risk as set forth in Owner’s Standard Uniform General and Supplementary and/or Supplemental Conditions and paid for by Construction Manager shall be in full force and effect and shall be increased as necessary for each separate bid package, phase, or Stage of construction prior to the commencement of construction for that package, phase, or Stage.
11.02 12.02 The Construction Manager shall not cause or allow any of its insurance to be canceled nor permit any insurance to lapse during the term of the this Agreement or as required in the this Agreement. If the Construction Manager fails to obtain, maintain or renew any insurance required by the Agreement, the Owner may obtain insurance coverage directly and recover the cost of that insurance from the Construction Manager.
11.03 12.03 The Owner reserves the right to review the insurance requirements set forth in this Article during the effective period of the this Agreement and to make reasonable adjustments to the insurance coverages and their limits when deemed necessary and prudent desirable by the Owner based upon changes in statutory law, court decisions, or the claims history of the industry as well as the Construction Manager.
11.04 12.04 The Owner shall be entitled, upon request, and without expense, to receive copies of the policies and all endorsements thereto and may make any reasonable requests for deletion, or revision or modification of particular policy terms, conditions, limitations, or exclusions, except where policy provisions are established by law or regulation binding upon either of the Parties or the underwriter of any of such policespolicies. Actual losses not covered by insurance as required by this Article shall be paid by the Construction Manager.
11.05 The cost of premiums for any additional insurance coverage desired by the Construction Manager in excess of that required by this Agreement, the Uniform General and Supplementary Conditions, or the Contract Documents shall be borne solely by the Construction Manager out of its fees and not included in the GMP Proposal as a Direct Construction Cost.
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