Agenda - 12-11-2007-4lxtr - Laserfiche WebLink

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shaEi increase the coverage limits as necessary to reflect changes in the estimated replacement ccist a€ the Project. . The CMAR shall provide the Contractor, if requested, with copies of ail paticles thus obtained for the Project. The CMAR shalt provide the Contractor with thirty (30) days notice of cancellation, non-renewal or endorsement reducing ar restricting coverage. The Contractor and the CMAR waive alt rights against each other and against the other separate contractors, the ©wner, and their respective consultants, agents and employees for damages occurring during construction and covered by builder's risk and any property insurance required for this Project excluding Owners' Property insurance. The Contractor and the. CMAR shat! each require appropriate similar waivers from the Owner, the ocher separate contractors, their Subcontractors, and their consultants and agents. This waiver does not apply to design stability. The Contractor is responsible for ail physical damage to owned or rented machinery, foals, equipment, forms, and other 'stems awned, rented or used by the Gantraetor andlor Subcantractor(s} in the performance of the Wark. The insurance coverage evidencing such shalt include a waiver of subrogation in favor of the CMAR, the Owner and the Designer and their respective consultants and agent's. The Contractor shaft provide valuable papers and records insurance with coverage in an amount commensurate with project scope as set forth !n the Supplementary General Conditions. If the Project includes as addition to or is adjacent to an existing structure, the CMAR, the separate Contractors and the Subcontractors shall be named as addiGona[ insureds for the Owner's property insurance covering such structure and its conten#s, If the Owner occupies or uses a part or parts of the Project prior to Subsfanfial Campie8on thereof, such occupancy shaft not occur until the Owner obtains property insurance for the structure and unfsl ail insurance companies providing insurance for the Project consent to such occupancy by endorsement to the insurance policies. 5.3 OWNER CONTROLLED PROJECT SPECIFIC INSURANCE In the event the Owner elects fa purchase project-specific insurance affording coverage to the Contractor and Subcontractors, the terms and conditions of such cavecage shalt be set forth In the Supplementary Conditions. 5.4 CONTRACTOR AS JOINT VENTURE if the Contractor is completing this Project an a joint venture basis, both joint venture partners retain all liabilities assumed by this Agreement, individually and collectively. This may Include, but is not limited ta, ail premiums due, deductibteslself-insured retentions, coinsurance provisions, claim prauislons, insurance policy conditions, and indemnit'icatian provisions hereunder. . Evidence of a Blanket Joint Venture Endorsement must be obtained from the Genera! Liability and Contractor's Pollution Legal LiabAity carriers of each joint venture parMer substantialty as follows: . Wifh respect to "your work ; acrd the "producfs-comptefed operafions hazard'; you are an insured far your fiabtlify arising out of fhe conduct of any parfrrarship or joint venture of which you were a partner or member, even though fhis partnership or joinf venture fs not shown as a Named Insured in fhe Declarations. 7'hrs coverage is excess over any GENERAL CONDiTtONS 1=0R CM AT R15K PROJECT 14 of 42 JUNE 200? E[J1TiON