Common use of OCIP INSURED PROJECT Clause in Contracts

OCIP INSURED PROJECT. 11.1 The Owner has elected to implement an Owner Controlled Insurance Program (OCIP) for this Project. Refer to the OCIP specification for a complete listing of coverages provided by the OCIP. All other coverages required to be provided by the UTUGCs shall be provided by the Contractor. 11.2 Contractor’s construction cost shall exclude the cost of premiums for insurance coverage provided through the OCIP. The cost shall only include the cost of premiums of all other insurance required by the Contract Documents. 11.2.1 Contractor shall include required OCIP insurance information in trade packages and indicate on proposal forms the insurance that proposers are to include and exclude in their base proposals. 11.2.2 During construction, Owner may audit the Contractor’s and Subcontractors’ labor hours and certified payroll reports to determine actual insurance costs (audit not for return of cost savings).

OCIP INSURED PROJECT. 11.1 The Owner (has/has not) elected to implement an Owner Controlled Insurance Program (OCIP) for this Project. Refer to the OCIP specification for a complete listing of coverages provided by the OCIP. All other coverages required to be provided by the UTUGCs shall be provided by the Contractor. 11.2 Contractor’s construction cost shall exclude the cost of premiums for insurance coverage provided through the OCIP. The cost shall only include the cost of premiums of all other insurance required by the Contract Documents. 11.2.1 Contractor shall include required OCIP insurance information in trade packages and indicate on proposal forms the insurance that proposers are to include and exclude in their base proposals. 11.2.2 During construction, Owner may audit the Contractor’s and Subcontractors’ labor hours and certified payroll reports to determine actual insurance costs (audit not for return of cost savings).

OCIP INSURED PROJECT. [NOT USED] 11.1 The Owner has elected to implement an Owner Controlled Insurance Program (OCIP) for this Project. Refer to the OCIP specification for a complete listing of coverages provided by the OCIP. All other coverages required to be provided by the UTUGCs shall be provided by the Contractor. 11.2 Contractor’s construction cost shall exclude the cost of premiums for insurance coverage provided through the OCIP. The cost shall only include the cost of premiums of all other insurance required by the Contract Documents. 11.2.1 Contractor shall include required OCIP insurance information in trade packages and indicate on proposal forms the insurance that proposers are to include and exclude in their base proposals. 11.2.2 During construction, Owner may audit the Contractor’s and Subcontractors’ labor hours and certified payroll reports to determine actual insurance costs (audit not for return of cost savings).