Design-Builder’s Insurance and Bonds Sample Clauses

Design-Builder’s Insurance and Bonds. The Design-Builder shall purchase and maintain insurance and provide bonds as set forth in Exhibit B.
AutoNDA by SimpleDocs
Design-Builder’s Insurance and Bonds. B.2.1 The Design-Builder shall purchase and maintain the following types and limits of insurance from a company or companies lawfully authorized to do business in the jurisdiction where the Project is located. The Design-Builder shall maintain the required insurance until the expiration of the period for correction of Work as set forth in Section 11.2.2.1 of the Agreement, unless a different duration is stated below: (If the Design-Builder is required to maintain insurance for a duration other than the expiration of the period for correction of Work, state the duration.) « »
Design-Builder’s Insurance and Bonds. The Design-Builder shall purchase and maintain insurance and provide bonds as set forth in Article 16.
Design-Builder’s Insurance and Bonds. The Design-Builder shall purchase and maintain insurance as set forth in Exhibit I and shall provide payment and performance bonds in the full amount of the GMP, as may be amended.
Design-Builder’s Insurance and Bonds. The Design-Builder shall purchase and maintain insurance and provide bonds as set forth in Exhibit B. Please refer to separate documents “AIA A141” – Exhibit B – Insurance and Bonds. Contractor to furnish General Liability and Performance & Payment bond.
Design-Builder’s Insurance and Bonds. B.2.1 The Design-Builder shall purchase and maintain the following types and limits of insurance from a company or companies lawfully authorized to do business in the jurisdiction where the Project is located. The Design-Builder shall maintain the required insurance until the expiration of the period for correction of Work as set forth in Section 11.2.2.1 of the Agreement, unless a different duration is stated below: (If the Design-Builder is required to maintain insurance for a duration other than the ELECTRONIC COPYING of any portion of this AIA® Document to another electronic file is prohibited and constitutes a violation of copyright laws as set forth in the footer of this document. expiration of the period for correction of Work, state the duration.) « »
Design-Builder’s Insurance and Bonds. The Design-Builder shall purchase and maintain insurance and provide bonds as set forth in Exhibit B. Insurance shall be maintained at all times during the providing of Preconstruction Services, Design Services, and any construction services and Work by Design-Builder, its Architect, Consultants, and Contractors under this Agreement. Design-Builder will comply, at all times, with all insurance and bonding requirements of Owner. In the event of any failure by Design-Builder to comply with the provisions of Exhibit B, Owner may, at its option, on notice to Design-Builder, suspend or terminate this Agreement for cause. Alternatively, Owner may purchase such insurance at Design-Builder’s expense.
AutoNDA by SimpleDocs
Design-Builder’s Insurance and Bonds. The Design-Builder shall purchase and maintain insurance and provide bonds as set forth in the RFP 17-24.
Design-Builder’s Insurance and Bonds. The Design-Builder shall purchase and maintain insurance and provide bonds as set forth in AIA A141 – 2014 Exhibit BInsurance and Bonds. payment of obligations arising thereunder. The amount of each bond shall be equal to one hundred percent (100%) of the GMP and be adjusted as the GMP may be adjusted pursuant to the Design-Build Documents.

Related to Design-Builder’s Insurance and Bonds

  • Insurance and Bonds Unless otherwise specified in this Contract, Grantee shall acquire and maintain, for the duration of this Contract, insurance coverage necessary to ensure proper fulfillment of this Contract and potential liabilities thereunder with financially sound and reputable insurers licensed by the Texas Department of Insurance, in the type and amount customarily carried within the industry as determined by the System Agency. Grantee shall provide evidence of insurance as required under this Contract, including a schedule of coverage or underwriter’s schedules establishing to the satisfaction of the System Agency the nature and extent of coverage granted by each such policy, upon request by the System Agency. In the event that any policy is determined by the System Agency to be deficient to comply with the terms of this Contract, Grantee shall secure such additional policies or coverage as the System Agency may reasonably request or that are required by law or regulation. If coverage expires during the term of this Contract, Grantee must produce renewal certificates for each type of coverage. In addition, if required by System Agency, Grantee must obtain and have on file a blanket fidelity bond that indemnifies System Agency against the loss or theft of any grant funds, including applicable matching funds. The fidelity bond must cover the entirety of the grant term and any subsequent renewals. The failure of Grantee to comply with these requirements may subject Grantee to remedial or corrective actions detailed in section 10.1, General Indemnity, above. These and all other insurance requirements under the Grant apply to both Grantee and its Subcontractors, if any. Grantee is responsible for ensuring its Subcontractors’ compliance with all requirements.

  • Builder’s Risk Insurance Contractor shall provide a Builder’s Risk Policy to be made payable to the Owner and Contractor, as their interests may appear. The policy amount should be equal to 100% of the Contract Sum, written on a Builder’s Risk “All Risk”, or its equivalent. The policy shall be endorsed as follows: The following may occur without diminishing, changing, altering or otherwise affecting the coverage and protection afforded the insured under this policy:

  • Contractor’s Insurance 27.1 The Contractor shall procure and maintain at all times it performs any portion of the Services the following insurance with minimum limits equal to the amount indicated below.

Time is Money Join Law Insider Premium to draft better contracts faster.