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1997 as modified . The Owner shall, pending resolution of the disputed amount shall be ma A � Iftir +L� 1� , Manager- within 60 days after- the Genstfuction Manager-' s Feceipt of a eepy of the AEeWteet' s al Cer-tifi late fe any such demand wiflhAn tWs 60 day pefied shall result ill the substantiated afne wt fepefted by the Ownef' s aeeountants beeefrAing binding en the Construction Managen Pending a final r-es lutien e the disputed amount, the Owner- is ute pay the Construction Manager all sum otherwise payable, and not in the " '^t'i 'e"'' " final G„_.: fleate c_ D.,ymen W.dispute, §1.2.5 If, subsequent to final payment and at the Owner' s request, the Construction Manager incurs costs described in Section 6. 1 and not excluded by Section 6.2 ( 1 ) to correct nonconforming Work or (2) arising from the esolution of disputes, the Owner shall reimburse the Construction Manager such costs and the Construction Manager' s Fee, if any, related thereto on the:same basis as if such costs had been incurred prior to final payment, but not in c xcess of the Guaranteed Maximum Price. If the Construction Manager has participated in savings, the amount of st ch savings shall be recalculated and appropriate credit given to the Owner in determining the net amount to b paid by the Owner to the Construction Manager. ARTICLE 8 INSURANCE AND' BONDS § 8:1 INSURANCE REQUIRED OF THE CONSTRUCTION MANAGER During both phases of the Project, the Construction Manager shall purchase and maintain insurance as set forth in Section 11 . 1 of A20ITm 1997 , A201TM-• 1997, as modified. Such insurance shall be written for not less than the following t : - ^wL : ' limits as required by hv"ection 11 . 1 . 1 of A201Tm- 1997 , as modified: § 8.1 . 1 , Compensation and Empleyefs' Liability meeting statutefy lirflits mandated by state and 4efg laws. if ( 1) limAts4A exeess of these required by statute aFe to be provided, of (2) the employer- is not statu mily bound to obtain SmAh insunnee eoveFage of (3) additiena4 co3v ted, additional coverage.- such inwranee shall be as fellmews� § 8.1 .2 '' ' Each Orecumn" n_ener t n ggiregaile Pfeduets Completed Opemiliens Aggregate . 1 Tbe pelisy shall. be endened to have iihe Gen" AggFegalie apply to this Pr-ejeet only-. yeaF(s) Aef either- 90 days following Substantial Completion or- final payment, whieh Yef-is 8n4haF .3 The Gentr-.Aptival tLiabbillis . 4 ..F Ar) I I § 8. 1 .3 Automobile Liaea owned and hired veliieles) for- bodily injury and pfeper-ty V..,.,—gip § 8. 1.4 limim. Gemmereial General Liability andAutemebile Liability limits may be amained by individual pohei Y or- by Liabilily Insurance is io be previtkit, state the limits here. ) § 862: INSURAN E REQUIRED OF THE OWNER DuAng both phases of the Project, the O%mer- shall puf-ehase and. maintain liability and pr-epeFty .... waivefs ef subr-egation, as set forth in Sections 11 .2 and 11 .4 ef A2011W 1997.. Sueh insurance shall be itten fer • AIA Document A121 TMCMc — 2003 and AGC Document 565. Copyright ® 1991 and 2003 by The American Institute of Architects and he Associated General Contractors of America. All rights reserved. WARNING: This document Is protected by u.S. Copyright Law and Internalloi lal Treaties. 18 Unauthorized reproduction or distribution of this document, or any portion of it, may result In severe civil and criminal penalties and will be prosecuted to the maximum extent possible under the law. This document was produced by AIA software at 12:50:12 on 04/19/2005 inder Order No. 1000126313_1 which expires on 6/29/2005, and is not for resale. User Notes: (1413727908)