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1999-049
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1999-049
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Last modified
7/12/2023 10:10:37 AM
Creation date
7/12/2023 9:54:22 AM
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Template:
Official Documents
Official Document Type
Miscellaneous
Approved Date
02/16/1999
Control Number
1999-049
Entity Name
Driveways Inc.
Subject
Cherrywood Estates Water Expansion Project# 98-05-DS
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C] <br />40 <br />5.9. OWNER shall not be responsible for purchasing and <br />maintaining any property insurance to protect the interests of <br />CONTRACTOR. Subcontractors orothem in the Work to 1 b <br />extent of any deduetible am5uttts that ane identified in the <br />Supplementary Conditions- *Me risf: of loss within such iden- <br />tified deductible rtrwunt. will be borne by CONTRACTOR. <br />Subcontractor or othc s sufferirtg any such loss and If any of <br />them vrisltes property insurance coverage within the limits Or <br />such amounts. cath may purchase and maintain it at the <br />purchaser's own expense. <br />5.10. it CONTRACTOR requests in writing tttat other <br />special insurance be included in the rmperty insurance policies <br />provided under paragraphs 5.6 or $.7. OWNER shall. if possi- <br />b1c. include such insurartec. and the{hdlllr e <br />Charged to CONTRACTOR by a profnuc <br />Written Amendment. Prior to commencement Of the Work at <br />the site. OWNER shalt in writing advise CONTRAMR <br />whether or not such other insurance has been procured by <br />OWNER. <br />5.11. 4Ya:i r, r aj R r';herr' <br />5.11.1. OWNER and CON'f'RAC UR intend that all <br />policies purchased in accordance with paragraphs 5.4 znd <br />5.7 will protect OWNER CON'T'RACTOR. Subcontractors. <br />ENGINEER. ENGINEER'S CortsulLmu and all other per- <br />sons or entities identified in the SupPlcmtnrary Conditions tO <br />be listed as insureds or additional insureds in such policies <br />and will provide primary coverage for alI losses and 4artaagcs <br />carr sod by the pedis coveted thereby. All such policies shall <br />contain provisions to the effect that in the event of payment <br />of any loss or drrmge the insurers will hzvr no rights of <br />recovery against any of the insureds or additional insureds <br />thereunder. OWNER and CONTRACTOR waive all rights <br />against e=h other and their respective Officxrs• directors. <br />employees and agents for all losses and damages caused b5. <br />arising out of or restdtin g from any or the perils covered be <br />suds palicics and any other property insurance applicable to <br />the Work; and. in addition. waive ail such rights against <br />Subcuntractcns. ENGINEER. ENGINEER's Consultants <br />Bund all other persons or entities ideatffied in tlta Suppicmcn< <br />t ;ry Cc:ndidow Lob, I+strA *t insureds or additional insureds <br />under such policies for losses anti danatt: ser t rises ,.ons <br />of the above waivers shall extend to the rights that any PInY <br />malting such wLtivcr may have to the proceeds of insunutce <br />held by OWNER as tnrStCC or atherwise payable under any <br />policy so issued. <br />5.11.2 <br />in addition OWNER waives all rights against <br />CONTRACMR. Subcontractors. ENGINEER. ENGI- <br />NE1~R's Consuhtutts and the officers, dircclors, employees <br />and agents of any of them, for. <br />5.11.2.1. loss due to business intenvption.loss Of use <br />or other coaScqucrttial loss extending beyond direct Phys- <br />ical loss or darrmc to OWNER's prupcny Or the Wort: <br />caused by. arising out of or ruultinp from fire or other <br />peril, vehether fir nor insurrd byOWN T'R: an -1 <br />5.11,2. lass or dxmagc to the completed Project or <br />part thereof caused by. arising out afar resulting from fire <br />fir other insured peril covered by any property insurance <br />msrntsincd on the completed Prcicct or pan thereof by <br />OWNER during partial utiliudon pursuant to paragraph <br />14,tO. after substantial completion pursuant to paragraph <br />14.Ih or niter final payment pursuant KO Paragraph 14 -13 - <br />An Y <br />4,13.Any insurance policy mainWntd by OWNER covering any <br />loss. damn fc a consequential loss referred to in [lits Mragraph <br />5.11 2 shall contain provisions ro the effect that in the cveatt Of <br />pavement of any such lom darnaec or eonsequtntial lass the <br />inxurcrs will nave no rights of recovery against any of CON- <br />iRACTOR.Subconuactots. ENGINEER. ENGINEER'sCoo- <br />suitWntc and he officers. directors. employees and agents of <br />any of them <br />Rettipt and AppLkid4 n of insurance 11roowds <br />5.t"_. An!� insured loss under the policies or insurance <br />required by paragraphs 5.6 and 5.7 will be adjusted with <br />OWNER sea's made payable to OWNER as fiducury for the <br />insureds. as their interests may appear. subject to the Mcluire- <br />mctus of any applicable mortgage etause and of parapmph 5.13. <br />OWNER "i deposit in a scparzte account any money so <br />received, and shall distribute it in accordance with such agree- <br />ment IS the parries in interest may reach. if no othcr'spccial <br />aercemcnt is reached the damaged Work shall be repaired or <br />replaced, the moneys so received applied on account thereof <br />and the Work and the cost thereof covered by an approptisse <br />Gram's Omer or Written Amendment. <br />5.13. OWNER as fiduciary shall have power to adjust and <br />Settle any loss with the insurers unless one of the petits In <br />interest stall Object in wriu'ng within fifteen days after the <br />occur[ ,nceofloss to OWN JEW S exercise afthis powerif such <br />obijection be mad c. OWNER as rid uciary shall make setticmenI <br />with the insurers in a=rdanec with such agreement as the <br />parties in interest may reach. If no such agrccrncnt among the <br />panics in interest is trached. OWN ER as fiduciary shall adjust <br />kind settle the lass with the insurers and. if required in writing <br />by any party in interest. 0WNER as fiduciary shall 9ivc bored <br />for the proper performance 7f such duties. <br />Accrprc+ of 1304ds rend "MaOr:cr:Opti" to Repfate- <br />S. tA. 1f either party (OWNER or CONTRACMP) has any <br />oh r cti o n ser the coverage afforded by or other PrOvisiurrs of thv <br />J <br />11onGs or insrlrutcc FugL'Ltcu iV "�: Purctdia r <br />by she other party in aceordancc with Article 5 On the lsasis or <br />non, <br />onfonrlance with the Contract documents. the o6jccdng <br />party shall so notify the Other palsy in writing within ten days <br />after receipt of the certificates for other evidence requested[ <br />required by Par'+ioaph 2 1.0W`NER and COKTRAC.TOR Shall <br />each provide to the other soch additional infoalt &dOn in rupee f <br />of insurance Provided as the other may reasonably esti <br />tither pony docs not purchase or maintain alS of the ponds and <br />insurance required of Such pany by the Conumzzt do..131111ent - <br />such piny shall notify the other patty in writing of such failum <br />to purchase prior to tite start of tltc Werk. or of such failure to <br />maintain prior to any chsngcin the rcquiredcovcrage. Without <br />prciudice to any other right or remedy. the Other party >wty <br />elect to obtain equivalent bonds or insurance to protw such <br />othtt party's interests at the expense of thee party who was <br />
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