Laserfiche WebLink
temporary buildings and debris removal including demolition occasioned by <br /> enforcement of any applicable legal requirements , and shall cover reasonable <br /> compensation for the services and expenses of the Design/ Builder' s Architect and other <br /> professionals required as a result of such insured loss . Coverage for other perils shall <br /> not be required unless otherwise provided in the Contract Documents . <br /> § 7 . 3 . 3 If the Owner does not intend to purchase such property insurance required by <br /> this Part 2 Agreement and with all of the coverages in the amount described above , the <br /> Owner shall so inform the Design/Builder prior to commencement of the construction . <br /> The Design / Builder may then effect insurance which will protect the interests of the <br /> Design/Builder and the Design/Builder's contractors in the construction , and by <br /> appropriate Change Order the cost thereof shall be charged to the Owner . If the <br /> Design /Builder is damaged by the failure or neglect of the Owner to purchase or <br /> maintain insurance as de-scribed above , then the Owner shall bear all reasonable costs <br /> properly attributable thereto . <br /> . . 4 Unless otherwise provided , the Owner shall PUFGhase and maintain SUGh beile <br /> andFnaGh J ! Ge required. by this PaFt 2 Agreement oF by Ww, whiGh shall <br /> spesif+caNy G` 1nr GUGh insLiFed objeGts during installation and until final aGGeptanGeUwv � <br /> by <br /> the Qwner . Th a-insuFaRGe hall inGlude inteFests of the Owner , the De6ign!Builder , the <br /> Ramerlcd lnsu-red-s <br /> § 7 . 3 . 5 A loss insured under the Owner's property insurance shall be adjusted by the <br /> Owner as fiduciary and made payable to the Owner as fiduciary for the insureds , as <br /> their interests may appear , subject to requirements of any applicable mortgagee clause <br /> and of Section 7 . 3 . 10 . The Design/ Builder shall pay contractors their shares of <br /> insurance proceeds received by the Design/Builder , and by appropriate agreement , <br /> written where legally required for validity , shall require contractors to make payments to <br /> their subcontractors in similar manner . <br /> § 7 . 3 . 6 Before an exposure to loss may occur , the Owner shall file with the <br /> Design /Builder a copy of each policy that includes insurance coverages required by this <br /> Section 7 . 3 . Each policy shall contain all generally applicable conditions , definitions , <br /> exclusions and endorsements related to this Project . Each policy shall contain a <br /> provision that the policy will not be canceled or allowed to expire until at least 30 days ' <br /> prior written notice has been given to the Design/Builder . <br /> . . . . , ,V ,, . iIder requests in ce for risks other than those <br /> /�it�tt., ., . y . .. ._.. ... . . ... � . . .� ..� ... .� .. .... . . . WlttttYt r�v -vc7Tcrrrrurr-rn o ., .. <br /> Mwll . y , i. . ` , f possible , ebtain suGh insuranGe , <br /> Ghar ged to tke Design/Builder by aP .PFGPriate Change Ord <br /> § 7 . 3 . 8 The Owner and the Design/Builder waive all rights against each other and the <br /> Architect and other design professionals , contractors , subcontractors , agents and <br /> employees , each of the other , for damages caused by fire or other perils to the extent <br /> covered by property insurance obtained pursuant to this Section 7 . 3 or other property <br /> insurance applicable to the Work , except such rights as they may have to proceeds of <br /> such insurance held by the Owner as trustee . The Owner or Design/ Builder , as <br /> appropriate , shall require from contractors and subcontractors by appropriate <br />