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shall increase the coverage limits as necessary to reflect changes in *the . estimated <br />replacement cost of the Project. <br />The CMAR shall provide the Contractor, if requested, with copies of all:'policies thus <br />obtained for the Project. The CMAR shall provide the Contractor.with thirty (30) days <br />notice of cancellation, non - renewal or endorsement reducing or restricting coverage. <br />The Contractor and the CMAR waive all rights against each other and against the other'- <br />separate contractors, the Owner, and their respective consultants, agents and employees . . <br />for damages occurring during construction and covered by builder's risk and any property. <br />insurance required for this Project excluding Owners' Property insurance. The Contractor . <br />and the .CMAR shall each require appropriate similar waivers from the Owner, the other <br />separate contractors, their Subcontractors, and their consultants and agents. This waiver <br />does not apply to design liability. <br />The Contractor is responsible for all physical damage to owned or rented machinery, tools, <br />equipment, forms, and other items owned, rented or used by the Contractor and/or <br />Subcontractor(s) in the performance of the Work. The insurance coverage evidencing such <br />shall Include a waiver of subrogation In favor of the CMAR, the Owner and the Designer <br />and their respective consultants and agents. <br />The Contractor shall provide valuable papers and records insurance with coverage in an <br />amount commensurate with project scope as set forth -in the Supplementary General <br />Conditions. <br />if the Project includes as addition to or Is adjacent to an existing structure, the CMAR, the <br />separate Contractors;and the Subcontractors shall be named as additional Insureds for the <br />Owner's property insurance covering such structure and its contents. . <br />If the Owner occupies or uses a part or parts of the Project prior to Substantial Completion <br />thereof, such occupancy shall not occur until the Owner obtains property insurance for the <br />structure and until all insurance companies providing insurance for the Project_ consent to <br />such. occupancy by endorsement to the insurance policies. . <br />5.3 OWNER CONTROLLED PROJECT SPECIFIC INSURANCE <br />In the event the Owner elects to purchase project-specific Insurance affording coverage to <br />the Contractor and Subcontractors, the terms and conditions of such coverage shall be set <br />forth in the Supplementary Conditions. <br />5.4 CONTRACTOR AS JOINT VENTURE <br />If the. Contractor is completing this Project on a joint venture .basis, both joint, venture <br />partners retain all liabilities assumed by this Agreement, individually and collectively. This <br />.may include; but is not limited to, all premiums due, deductibles /self - Insured retentions, <br />coinsurance provisions, claim provisions, Insurance policy conditions, -and indemnification <br />provisions hereunder. . <br />Evidence of a Blanket- Joint Venture Endorsement must be obtained from the General <br />Liability 'and Contractor's Pollution Legal Liability carriers of each joint venture partner <br />substantially as follows: <br />IMith respect to "your work ", and the "products - completed operations hazard , you are an <br />insured for your Jiability arising out of the conduct of any partnership or joint .venture of <br />which you were a paitner or member, even though this partnership or joint venture Is not <br />shown as a Named Insured in the Declarations... This coverage Is excess. over any <br />GENERAL CONDITIONS FOR CPA AT RISK PROJECT 14 of 42 :JUNE 2007 EDITION <br />