OF THE POLICY. General Terms and Conditions
OF THE POLICY. Contract Works In respect of all loss or damage R150,000 but increased to R250,000 in respect of loss or damage arising out of or in connection with testing and commissioning.
OF THE POLICY. Contractors Public Liability R75,000 each and every claim in respect of Property Damage.
OF THE POLICY. Contract Works Contract Works Insurance for the full value of the Works to provide cover against accidental physical loss of or damage to the Works, Temporary Works and materials intended for incorporation in the Works all being the subject matter of this Contract including to the extent provided for in the policy whilst in transit or temporarily stored at any premises en route to or from the Site (other than where this is a continuation of Marine Transit) within the territorial limits of the policy. This insurance may specifically exclude any cost necessary to replace or rectify any of the property insured, which is in a defective condition due to defect in design, plan specification, material or workmanship. This insurance contains the following limitations and warrantees ;
OF THE POLICY. Removal Of Lateral Support Liability R75,000 each and every claim.
OF THE POLICY. On discovery of any occurrence or circumstance that is likely to give rise to a claim under this section of the Policy the Policyholder shall as soon as reasonably possible:
OF THE POLICY. 2.6. However, we may cancel your account and / or prevent you from using it (at our discretion) ourselves, even without notice. We do not intend to tolerate:
OF THE POLICY. Contract Works Contract Works Insurance for the full value of the Works to provide cover against accidental physical loss of or damage to the Works, Temporary Works and materials intended for incorporation in the Works all being the subject matter of this Contract including to the extent provided for in the policy whilst in transit or temporarily stored at any premises enroute to or from the Site (other than where this is a continuation of Marine Transit) within the territorial limits of the policy. This insurance may specifically exclude any cost necessary to replace or rectify any of the property insured, which is in a defective condition due to defect in design, plan specification, material or workmanship. This insurance contains the following limitations and warrantees; Open Trench Limitation In respect of loss or damage to open trenches and pipes, conduits or cables laid therein, caused directly or indirectly by rain, inundation or flood, Insurers liability shall be limited in respect of the aggregate length of open trenches at any one time to 200 meters. Exposed Layer Works (applicable to works involving paving, roadways, bulk earthworks and runways and taxiways) In respect of loss or damage to Exposed Layer Works relating to paving, roadways and runways (including taxiways) caused directly or indirectly by rain, inundation or flood, Insurers liability shall be limited in respect of the aggregate length of Exposed Layer Works at any one time to 25,000 square meters. Section II of the Policy – Contractors Public Liability Public Liability Insurance which provides indemnity against legal liability in the event of accidental death of or injury to persons and/or loss of or damage to property (other than the Works the subject matter of this Contract) arising from the execution of the Contract with a limit of indemnity of R50,000,000 in respect of any one occurrence or series of occurrences consequent on or attributable to one source or original cause. Section III of the Policy – Removal Of Lateral Support Liability Removal Of Lateral Support Liability which provides indemnity against legal liability in the event of accidental death of or injury to persons and/or loss of or damage to property (other than the Works the subject matter of this Contract) arising out of or in connection with shock or vibration or the removal or weakening of or interference with support to property in the vicinity of the Contract Site and arising out of or in connection with the...
OF THE POLICY. Contract Works In respect of all loss or damage : a) arising out of storm (which term shall include rain, wind, tempest or flood) subsidence, collapse, earth-quake or earth-tremor - R250,000 each and every occurrence. b) arising from any other cause not listed in (a1) above - R150,000 each and every occurrence. 8.6.1.7
OF THE POLICY. 8.7 The Parties agree that, on completion of the project, any unutilised funds and interest earned thereon (where applicable) will be paid back to the City within one month of completion of the project or on a date as determined by the City. The refund must be deposited in the City’s bank account (details in 8.8 below).
