Owner Controlled Insurance Program (OCIP. The Owner may elect to implement an Owner Controlled Insurance Program (OCIP). Refer to the Project Insurance specification Section 00 73 16 for additional requirements. In addition, the Construction Manager will be required to provide the following additional insurance coverages:
Owner Controlled Insurance Program (OCIP. Purchaser may elect to implement an Owner Controlled Insurance Program (OCIP) for all or a portion of the Work. In the event Purchaser implements an OCIP, Contractor and its Subcontractors shall enroll in the OCIP and will cooperate with Purchaser and the OCIP administrator in implementation of the OCIP, and shall reduce the amount of any labor and other fixed rates chargeable to Purchaser under this Agreement by the amount of any insurance, workers’ compensation, and similar premiums and associated charges, including claim costs and safety and administrative fees, included in such rates associated with insurance provided by the OCIP. For Work performed under a target cost incentive program, the amount of the target cost shall be reduced by the cumulative amount of such reduction in Contractor’s invoices.
Owner Controlled Insurance Program (OCIP. The terms “Owner Controlled Insurance Program” or “OCIP” mean a project specific insurance program that will be initiated and administered by Judicial Council to provide many of the insurance requirements set forth herein during Work that will insure the interest of Contractor, any Subcontractor, performing Work at or incidental to the Project Site.
Owner Controlled Insurance Program (OCIP. The Owner has elected to implement a Rolling Owner Controlled Insurance Program (ROCIP). Refer to the Special Conditions, the ROCIP Manual and Project Insurance specification for additional requirements. In addition, the Construction Manager will be required to provide the following additional insurance coverages:
Owner Controlled Insurance Program (OCIP. The Owner has elected to implement an Owner Controlled Insurance Program (OCIP) for this Project. Refer to the Project Insurance (OCIP) Specification, Section 00 73 16 for additional requirements. In addition, the Contractor will be required to provide the following additional insurance coverage:
11.1.1 Provide Automobile Liability as set forth in the Uniform General Conditions for University of Texas System Building Construction Contracts.
11.1.2 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.
11.1.3 Contractor shall include required OCIP insurance information in trade packages and indicate on proposal forms the insurance that subcontractors are to include and exclude in their base proposals.
11.1.4 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).
Owner Controlled Insurance Program (OCIP. The Owner has elected to implement an Owner Controlled Insurance Program (OCIP) for this Project. Refer to the Project Insurance specification for additional requirements. In addition, the Contractor will be required to provide the following additional insurance coverage:
11.1.1 Provide Automobile Liability as set forth in the Uniform General Conditions for University of Texas System Building Construction Contracts.
11.1.2 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.
11.1.3 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.
11.1.4 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).
Owner Controlled Insurance Program (OCIP. The Port has arranged with Aon Risk Services, Inc. of Northern California (the “OCIP Administrator”) to provide insurance under an OCIP, which will provide Project-Specific Professional Liability insurance covering Consultant, and its approved subcontractors and subconsultants, for liability for acts, errors or omissions arising out of services performed under the Agreement, whether or not such Services are performed on the Port’s Construction Project Sites (“Project Sites”). The Port will also provide such insurance to other persons or interests as the Port in its sole discretion may designate. The insurance policy described in this section 1.0 shall be collectively referred to as the “OCIP Insurance Policy.” Consultant, and other professional consultants engaged by the Port, and their respective subconsultants or subcontractors, which do not perform actual labor at the Project Sites may be covered under the Project-Specific Professional Liability Insurance Policy for professional services performed in connection with the Port’s construction projects which are performed away from the Project Sites, if such parties are properly enrolled in the OCIP and upon receipt of acknowledgment of such coverage by the OCIP Administrator. The Port reserves the right, in its sole discretion, to include or exclude any party from the OCIP, or any portion thereof, notwithstanding such party’s apparent eligibility for inclusion in the OCIP.
