Common use of Optionally Clause in Contracts

Optionally. Owner may require Contractor to purchase and maintain Project Management Protective Liability insurance from Contractor’s usual sources as primary coverage for Owner’s, Contractor’s, and Architect/Engineer’s vicarious liability for construction operations under the Contract. Unless otherwise required by the Contract Documents, Owner shall reimburse Contractor by increasing the Contract Sum to pay the cost of purchasing and maintaining such optional insurance coverage, and Contractor shall not be responsible for purchasing any other liability insurance on behalf of Owner. The minimum limits of liability purchased with such coverage shall be equal to the aggregate of the limits required for Contractor’s Liability Insurance under Paragraphs 11.1.1.2 through 11.1.1.5.

Appears in 2 contracts

Sources: Services Agreement, Services Agreement

Optionally. the Owner may require the Contractor to purchase and maintain Project Management Protective Liability insurance from the Contractor’s 's usual sources as primary coverage for the Owner’s's, Contractor’s, 's and Architect/Engineer’s 's vicarious liability for construction operations under the Contract. Unless otherwise required by the Contract Documents, the Owner shall reimburse the Contractor by increasing the Contract Sum to pay the cost of purchasing and maintaining such optional insurance coverage, and the Contractor shall not be responsible for purchasing any other liability insurance on behalf of the Owner. The minimum limits of liability purchased with such coverage shall be equal to the aggregate of the limits required for Contractor’s 's Liability Insurance under Paragraphs Clauses 11.1.1.2 through 11.1.1.5.

Appears in 1 contract

Sources: Standard Form of Agreement Between Owner and Contractor (Corixa Corp)