Common use of Prior to Commencement Clause in Contracts

Prior to Commencement. of the Project and throughout the Project, Construction Manager shall provide insurance as shown in the Facilities Management’s website at xxxxx://xxxxxxxxxx.xxx.xxx/formsandstandards.htm on the terms (including but not limited to minimum amount(s) of insurance required) and time-frames set forth therein, which terms and time-frames are incorporated herein by reference. Owner reserves the right to require additional types and/or amounts of insurance at its sole discretion. For the sole purposes of calculating the insurance premium costs for the insurances required, the GMP accepted by Owner shall not include any insurance premium costs. Construction Manager shall be reimbursed for insurance based on the actual cost of the insurance(s) only and shall not include a fee or other mark-up on the insurance premium costs. Prior approval from Owner is required in the event Construction Manager is looking for reimbursement for a coverage type that is not specified in the Conditions of the Contract. Owner will not pay for amounts that may represent a deductible in any insurance policy including a Subcontractor Default Insurance policy (i.e. Subguard). This does not apply to a Builder’s Risk Policy. Buy–Down Policies / Deductible Buy-Down / or polices that perform the same function are considered deductibles and will not be paid by Owner.

Prior to Commencement. of the Project and throughout the Project, the Construction Manager shall provide insurance as shown in required by the Facilities Management’s website at xxxxx://xxxxxxxxxx.xxx.xxx/formsandstandards.htm on Conditions of the terms (including but not limited Contract for the joint benefit of the Construction Manager and Owner, with an insurer acceptable to minimum amount(s) of insurance required) and time-frames set forth therein, which terms and time-frames are incorporated herein by referenceOwner. Owner reserves the right to require additional types and/or amounts of insurance at its sole discretion. To the extent that there is any conflict between this Section and the Conditions of the Contract pertaining to insurance, this Section shall control. For the sole purposes of calculating the insurance premium costs for the insurances required, the GMP accepted by the Owner shall not include any insurance premium costs. The Construction Manager shall be reimbursed for insurance based on the actual cost of the insurance(s) only and shall not include a fee or other markxxxx-up on the insurance premium costs. Prior approval from Owner is required in the event the Construction Manager is looking for reimbursement for a coverage type that is not specified in the Conditions of the Contract. Owner will not pay for amounts that may represent a deductible in any insurance policy including a Subcontractor Default Insurance policy (i.e. Subguard). This does not apply to a Builder’s Risk Policy. Buy–Down Policies / Deductible Buy-Down / or polices that perform the same function are considered deductibles and will not be paid by Owner.

Prior to Commencement. of the Project and throughout the Project, Construction Manager shall provide insurance as shown in required by the Facilities Management’s website at xxxxx://xxxxxxxxxx.xxx.xxx/formsandstandards.htm on Conditions of the terms (including but not limited Contract for the joint benefit of Construction Manager and Owner, with an insurer acceptable to minimum amount(s) of insurance required) and time-frames set forth therein, which terms and time-frames are incorporated herein by referenceOwner. Owner reserves the right to require additional types and/or amounts of insurance at its sole discretion, and Owner will indicate if a builder’s risk policy is required for the particular Project (as not all Projects may require said coverage). To the extent that there is any conflict between this Section and the Conditions of the Contract pertaining to insurance, this Section shall control. For the sole purposes of calculating the insurance premium costs for the insurances required, the GMP accepted by Owner shall not include any insurance premium costs. Construction Manager shall be reimbursed for insurance based on the actual cost of the insurance(s) only and shall not include a fee or other markxxxx-up on the insurance premium costs. Prior approval from Owner is required in the event Construction Manager is looking for reimbursement for a coverage type that is not specified in the Conditions of the Contract. Owner will not pay for amounts that may represent a deductible in any insurance policy including a Subcontractor Default Insurance policy (i.e. Subguard). This does not apply to a Builder’s Risk Policy. Buy–Down Policies / Deductible Buy-Down / or polices that perform the same function are considered deductibles and will not be paid by Owner.

Prior to Commencement. of the Project and throughout the Project, the Construction Manager shall provide insurance as shown in required by the Facilities Management’s website at xxxxx://xxxxxxxxxx.xxx.xxx/formsandstandards.htm on Conditions of the terms (including but not limited Contract for the joint benefit of the Construction Manager and Owner, with an insurer acceptable to minimum amount(s) of insurance required) and time-frames set forth therein, which terms and time-frames are incorporated herein by referenceOwner. Owner reserves the right to require additional types and/or amounts of insurance at its sole discretion. To the extent that there is any conflict between this Section and the Conditions of the Contract pertaining to insurance, this Section shall control. For the sole purposes of calculating the insurance premium costs for the insurances required, the GMP accepted by the Owner shall not include any insurance premium costs. The Construction Manager shall be reimbursed for insurance based on the actual cost of the insurance(s) only and shall not include a fee or other mark-up on the insurance premium costs. Prior approval from Owner is required in the event the Construction Manager is looking for reimbursement for a coverage type that is not specified in the Conditions of the Contract. Owner will not pay for amounts that may represent a deductible in any insurance policy including a Subcontractor Default Insurance policy (i.e. Subguard). This does not apply to a Builder’s Risk Policy. Buy–Down Policies / Deductible Buy-Down / or polices that perform the same function are considered deductibles and will not be paid by Owner.