Common use of Insurance and Bonding Clause in Contracts

Insurance and Bonding. 9.1 NICTD shall develop, or shall engage an insurance consultant to develop, for the review and approval of IFA and RDA, an insurance program for the Rail Projects and for the South Shore Line after completion of each Rail Project. NICTD’s proposed insurance program shall be delivered to IFA and RDA by no later than fifteen (15) days prior to the issuance of any Request for Proposal that is related to construction or other work to be performed on-site for either of the Rail Projects.

Insurance and Bonding. 9.1 NICTD shall develop, or shall engage an insurance consultant to develop, for the review and approval of IFA and RDA, an insurance program for the Rail Projects and for the South Shore Line after completion of each Rail Project. NICTD’s 's proposed insurance program shall be delivered to IFA and RDA by no later than fifteen (15) days prior to the issuance of any Request for Proposal that is related to construction or other work to be performed on-site for either of the Rail Projects.