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1999-221
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1999-221
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Last modified
10/31/2023 3:34:35 PM
Creation date
10/31/2023 3:19:01 PM
Metadata
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Template:
Official Documents
Official Document Type
Miscellaneous
Approved Date
08/24/1999
Control Number
1999-221
Entity Name
Treasure Coast Contracting, Inc.
Subject
Sebastian Water Assessment Project, Phase 2C
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C7 <br />3,9. OWNER "1 001 be ttsfsonsible for pair h ilitn&Ind <br />ts of <br />mttiotsininll any property intttratice to protect the <br />COITMACTOR. Subcontractors of others in the Wirth to the <br />extern of any deductible iimmats that are idenlifted In the <br />$trplYlernentarY Conditions. The risk of loss wit:rin such igen- <br />tifsesl deductible amount. will be borne by CONTRRMR. <br />SubcOntractor or others tuffefing any such loss, and it any of <br />then, wrWKS property Insurance coveme within ttr. limits or <br />asich arnotpata. each may purchase and maintain it ah tht <br />purchaser's own expense. <br />3.10. If CONNT;V=R MQUMttt in writinf that othrn <br />sp,,,W ittturarscetreistcludcd in rhe propcnv iru irtence porkies <br />pforidai under p+ lahs 3.6or 5.7. OWNER dull, if I»30- <br />b1c. Include Such insuram". and the cost tlxrwf will ix <br />charms to COMWCIOR by -ppropcwt Chatv Order or <br />Wliu= Am,,dmrit. Prior to ctarrutscneerstent Of the Wbt' at <br />rite site. OWNER shall In vwritin` advise CONTRACMR <br />Wftc,her or trot such other insuraricc has been procured b! <br />OWNER - <br />sal. wai-r of Rljlust <br />5.11.1. OWN'FR and COMPLA TOR intend than 111 <br />Policies patreuuA in acearciik— with parafraphs 5.6 and <br />5.7 will prcaca OWNER.. CONTRACTOR- Subcontractors. <br />ENGINEER. ENGINECA't CXK13UltanU and all other per. <br />Sana or ,,tines idcntihed in the Supplemen[uy CorAitions to <br />be listed as insureds or adAitkKW insureds in such Policies <br />anal vritl provide prinsgry covcnge far 111 lasses and dwWes <br />causal by the perils covcrcd thereby. All such policies shalt <br />contain provisions to the effect that in the event of paynvmt <br />of any loss or damage the insurers will have too rishts of <br />recovery against any of the insureds or additional insureds <br />thereunder: OWNER and CONTRACTOR waive all rirhu <br />against c1cli other and their rexpectfve ofrx=-%, directors. <br />employcca and s;eatts for III lasses and dwWcs caused by. <br />srisi"n= out of or reahattnr from any of the Veils coycmA by <br />such policies and any other property insurance appliable to <br />Ute Work, and. in addition. waive all such lifftts arainst <br />C"it+rnnte�rann FNftltrFFR FNC1"F'FR'r (`-1. —1a <br />and all other persons or entities identified in the Supptemen <br />taryCoadidons to be listed as Insureds oradd idoral insureds <br />under such pol-sc-ccs for losses and dairugu so caused. None <br />c the above waivers shall extend w the rir hu that In pang <br />making such waiver tray have to the procccds of insurance <br />hetd by OWNER as trustee or otherwise payable under any <br />policy to issued. <br />5.11.2. In addition. OWNER waives alt lithis against <br />cotTrRAMR. Subconuutors. ENGINEER. ENGI- <br />NEER's Consultants and the officers. directors, employees <br />and agents of any of them, for. <br />loss due to business intcnupdon. loss of use <br />or other consequential loss extending beyond direct phys- <br />ical loss or dunage to OW'NER'S pmpcnv or the Wort: <br />caused by. arising out of or resulting from ire or anter <br />pc fit. whether or not insured by OWNER: and <br />5.11- :. foss of darnape to the compacted Project pr <br />Par( thereof caused by, arizing out of or rcsuldnii. from 6 r <br />or other insured peril covered by any property inzuranct <br />marnuused on the completed Protect of put Uxrtof by <br />OWNER during p'nW utilixatiort pursuant to Israrraph <br />14.10. aner substantial Completion pursttsnt to partg7aph <br />14,% or siter final paytnent tnsrstutnt to faragi-sph 14.13. <br />Any insurance poticy otaintairsed by OWNER aovcr rg MY <br />loss. duture or cx vAcivential loss referred to in this paragraph <br />3.11 2 owl contain pnrvizi to the effect flat in the cveta of <br />payment of any ztrch lost. dahWc or consequcnd l lass the <br />insurer's will tale 0 6#" of recttvtr•y Mounsi any of CON - <br />TV-A`rOR.Subtormstctors.ENGINEFR.ENGINEI R':Ccnt- <br />sultanu and tk alTsccm. dsrcz:tar°I. tmplayccs Ind agcras of <br />any of thein. <br />Reccipe and APPLWAWO of Insurance Proceeds <br />5.1_ Any inssutd ions under the policies of inuaz= <br />requimd by paragraphs 5.6 and 5.7 will be s4*9, d whit <br />OWNER Inert nude payable to OWNER as ftdLiewy for the <br />iruuued... Is their inutrrsts tray appe-r• zubiect to the require - <br />me nes of an&POkzbk tasor *Lg a ctausc and of PuMrapls 5.13. <br />OWNER Q%0 dcpdsi: if' a segs -z: accesrt Lay Monty tri <br />M.z4ivW. Ir.S Shall disirilatrte it in accordance with such agrtc <br />anent as the heres <br />ies in intt may reach. If no othfr'sperial <br />R <br />aaemem it ntached the daxt Wd Work shall be rep6red or <br />replaced. the rnarccyz so fercived applied on account thereof <br />and the VArrk and the Bost thereof covered by an appttaltriuc <br />5.13. OWNF-R as fiduciary shall have power to adjust and <br />setik arty loss with the insurers unless one of rhe pstsiss in <br />interest zhall abject in wriung Within Nu:en days after the <br />occtsrtcrsae or loss t4 OW'N ER's exercise of this power. If tasch <br />objecsion be made.O'WN EP, as fiduciary shall make w0cra"t <br />Willi, the insurers in -cc rdutee with such z ctots the <br />the <br />parties in inecrest tray fra, ds a4 <br />If no surt�c arit <br />panics in interest is f+emud. OWN ErR as fiduciary shalt adjust <br />and settle the loss with the insurers and. If required in writing <br />by any party in interest. OWNER as fiducial shalt give bond <br />for Ute wvptr pufonnancc of such duties. <br />Arcrnenrwt of Benda and lnrtuvner: Option to Rrptoce: <br />5.14. if either parry (OWNERor CON7'TRAMRl his tory <br />obiecuon to the coverage afforded by or other prarisioru of the <br />Bands or irtsusartce requitt d to be purchased and rttaintairsed <br />by the other parsv in'rC rdutcs with Art ctc 5 an the basis of <br />rsors-conrannarce with the Contract Ooccurncnu, the objecting <br />party shalt so notify the other party in whiting within icn days <br />after rcccipt c the ccrufhcstes for other evidence rcqucsttxll <br />required by pilrayraph 2.7. OWN ER and CONTRACTOR "I <br />each provide to the other such additional intomlItion in ��f <br />of insurance provided as tate other may rcasanxbly req <br />either Vary docs not purchase or maintain all of the 13ortds and <br />insurance rcouired or such party by the Conu-x of�h f rntrc <br />such party shall notify the other pany <br />to purchase prior to tltc start of the Wo& or or such failure to <br />maintain prior to any change'in the requited eovtr4c. Without <br />prejudice to any other right or Fctncdy the other pasty may <br />etect to obtain equivalent Elands or insurance to pfosect Such <br />other party's toterests at the cxperue or the party who suits <br />00700-21 <br />
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