Laserfiche WebLink
SC-5.06 Property Insurance <br /> SC-5. 06 Delete paragraphs GC-5. 06.A, B, and C in their entirety and insert the following <br /> paragraphs in their place: <br /> A. CONTRACTOR shall purchase and maintain property insurance upon the Work at the <br /> Site in the amount of the full replacement cost thereof. This insurance shall : <br /> 1 . include the interests of OWNER, CONTRACTOR, Subcontractors, ENGINEER, <br /> ENGINEER's Consultants and any other individuals or entities identified in the <br /> Supplementary Conditions, and the officers, directors, partners, employees, agents <br /> and other consultants and subcontractors of any of them each of whom is deemed <br /> to have an insurable interest and shall be listed as an insured or additional insured ; <br /> ,. 2 . be written on a Builders Risk "All Risk" or open peril or special causes of loss <br /> policy form that shall at least include insurance for physical loss and damage to the <br /> Work, temporary buildings, falsework, and materials and equipment in transit and <br /> shall insure against at least the following perils or causes of loss: fire, lightning , <br /> extended coverage, theft, vandalism and malicious mischief, earthquake , collapse, <br /> debris removal , demolition occasioned by enforcement of Laws and Regulations, <br /> water damage, and such other perils or causes of loss as may be specifically <br /> required by the Supplementary Conditions. <br /> 3. include expenses incurred in the repair or replacement of any insured property <br /> • (including but not limited to fees and charges of engineers and architects); <br /> 4. cover materials and equipment stored at the Site or at another location that was <br /> r agreed to in writing by OWNER prior to being incorporated in the Work, provided <br /> that such materials and equipment have been included in an Application for <br /> Payment recommended by ENGINEER; and <br /> • <br /> 5 . allow for partial utilization of the Work by OWNER; <br /> 6 . include testing and startup; and <br /> 7 . be maintained in effect until final payment is made unless otherwise agreed to in <br /> writing by OWNER , CONTRACTOR and ENGINEER with 30 days written notice to <br /> each other additional insured to whom a certificate of insurance has been issued . <br /> B. CONTRACTOR shall be responsible for any deductible or self-insured retention . <br /> r <br /> C . The policies of insurance required to be purchased and maintained by CONTRACTOR <br /> in accordance with this paragraph SC-5.06 shall comply with the requirements of <br /> w paragraph 5.06 .0 of the General Conditions. <br /> SC-5. 06. E Delete paragraph GC-5. 06. E in its entirety and insert the following in its place: <br /> E . Additional Insureds: <br /> 1 . The following individuals or entities shall be listed as "additional insureds" on the <br /> ,F CONTRACTOR's property insurance policies: <br /> a. Indian River County, Florida <br /> b. NONE <br /> s <br /> C. <br /> r 008003 <br /> 00800 - Supplementary Conditions REV 04-07.doc <br /> 00800 4P]EnglneeringlCapifal Prged \961 LCR 512 Widening19611 CR 512 PHASE MConbact Oocumwn \00600 - Supplarr ryCondibons REV 04-07.doo <br />