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prior to cancellation or material change in coverage. Copies of an endorsement -naming owner as <br />Additional Name Insured must accompany the Certificate of Insurance. <br />• Builder's Risk Insurance: The contractor shall procure and shall maintain builder's risk insurance <br />("all risk") with limits equal to one hundred percent (100%) of the completed vale of the <br />structure(s), building(s), or addition(s). It shall include a Waiver of Occupancy Endorsement to <br />enable the County to contract calls for the installation of machinery or equipment, the policy must <br />be endorsed to provide coverage during transit and installation. The maximum deductible <br />allowable under this coverage is $500.00 per claim. <br />Indian River County reserves the right to accept or reject any or all bids in whole or in part and <br />waive all formalities. <br />Note: Any and all special conditions attached hereto, which may vary from these General Conditions, <br />shall have precedence. <br />END OF GENERAL TERMS & CONDITIONS <br />Page 10 of 41 <br />