Common use of Owner’s Right to Make Adjustments Clause in Contracts

Owner’s Right to Make Adjustments. The Owner reserves the right to review the insurance requirements set forth in this Article during the effective period of this Contract and to make reasonable adjustments to the limits of coverage it deems necessary and prudent based upon changes in applicable law or the claims history of the CM or the industry. If Owner makes material changes to the insurance requirements of this Contract, then Owner shall also allow reasonable premium adjustments to authorized General Conditions Costs.

Owner’s Right to Make Adjustments. The Owner reserves the right to review the insurance requirements set forth in this Article during the effective period of this Contract Agreement and to make reasonable adjustments to the limits of coverage coverages it deems necessary and prudent based upon changes in applicable law law, court decisions, or the claims history of the CM or industry as well as the industryContractor. If Owner makes material changes to the insurance requirements of this ContractAgreement, then Owner shall also allow reasonable premium adjustments to authorized General Conditions Costsand such changes will be incorporated into this Agreement by Change Order.

Owner’s Right to Make Adjustments. The Owner reserves the right to review the insurance requirements set forth in this Article during the effective period of this Contract Agreement and to make reasonable adjustments to the limits of coverage it deems necessary and prudent based upon changes in applicable law or the claims history of the CM or the industry. If Owner makes material changes to the insurance requirements of this ContractAgreement, then Owner shall also allow reasonable premium adjustments to authorized General Conditions Costs.

Owner’s Right to Make Adjustments. The Owner reserves the right to review the insurance requirements set forth in this Article and the Special Conditions during the effective period of this Contract the Agreement and to make reasonable adjustments to the insurance coverages and their limits of coverage it deems when deemed necessary and prudent by the Owner based upon changes in applicable law statutory law, court decisions, or the claims history of the CM or industry as well as the industry. If Owner makes material changes to the insurance requirements of this Contract, then Owner shall also allow reasonable premium adjustments to authorized General Conditions CostsDesign/Build Contractor.