Examples of Covered subcontractor in a sentence
Covered subcontractor, as used in this subpart, is defined in the clause at 252.222–7006, Restrictions on the Use of Mandatory Arbitration Agreements.[75 FR 76297, Dec.
As used in this clause: Covered subcontractor means any entity that has a subcontract valued in excess of $1 million, except a subcontract for the acquisition of commercial items, including commercially available off-the-shelf items.
The burden of proving that you have complied with the terms and conditions of, and that the Loss is recoverable under, this Policy shall fall upon the Insured.You shall give written notice to us within 30 days from the time you become aware that a Subcontractor/Supplier is in Default of performance under the Covered subcontractor or purchase order agreement or is Insolvent.In the event of Loss, you must submit to us a satisfactory Proof of loss.
As used in this clause– Covered subcontractor means any entity that has a subcontract valued in excess of $1 million, except a subcontract for the acquisition of commercial items, including commercially available off-the-shelf items.Subcontract means any contract, as defined in Federal Acquisition Regulation subpart 2.1, to furnish supplies or services for performance of this contract or a higher-tier subcontract thereunder.