OCIP Administrator definition
Examples of OCIP Administrator in a sentence
There are no representations regarding the nature, quality or limits of the Program policies and Contractor expressly acknowledges the lack of reliance upon any representations made by Owner, other Contractors, Subcontractors, the OCIP Administrator or their representatives regarding the nature, quality or limits of the insurance provided by the Program.
The Owner shall have the right, but not the obligation, to prohibit the Contractor and its Subcontractors from entering the Project site until the required certificates (or other competent evidence that insurance has been obtained in complete compliance with this exhibit) are received and approved by the OCIP Administrator and or Owner.
The Enrollment process is defined by the policy and detailed through documents which will be made available by the OCIP Administrator.
Contractor shall hold Owner, the OCIP Administrator and their representatives, including, but not limited to, insurance brokers and/or agents, free and harmless from any and all claims asserting or alleging that the type and/or amount of coverage provided under the Program is inadequate, deficient, insufficient, or in any way not providing the nature and amount of coverage that might at a later date be deemed or claimed to be appropriate.
The Contractor shall conduct a preconstruction conference with the subcontractors, Architect, Inspector of Record, AOC Project Manager, OCIP Administrator (if elected by AOC) and other appropriate persons.
All Contractors and Subcontractors shall be enrolled in the OCIP through the OCIP Administrator.
The Contractor shall supply to the OCIP Administrator and/or Owner Certificates of Insurance (COI) for the insurance policies described in this exhibit prior to the commencement of the Work and before bringing any equipment or construction personnel onto the Project site.
Contractor agrees to furnish appropriate information, as detailed by the OCIP Administrator, about all subcontractors that will perform work on the project on behalf of the Contractor.
At the end of the work and if Contractor’s Insurance Credit was calculated based on Contractor’s initially reported payroll, Owner reserves the right to audit Contractor’s actual payroll and a final adjusted Insurance Credit may be calculated by the OCIP Administrator.
The OCIP Administrator shall review all insurance bid deduct information and identify Contractor’s minimum reduction in insurance costs (“Insurance Credit”) due to eligibility for the OCIP Coverages.