Settlement, Cracking, Etc Clause Samples
The 'Settlement, Cracking, Etc' clause defines the responsibilities and procedures related to damage such as settlement, cracking, or similar structural issues that may occur during or after construction. Typically, this clause outlines how such defects are to be identified, reported, and remedied, often specifying the contractor’s obligation to repair or compensate for any resulting damage to the works or adjacent property. Its core practical function is to allocate responsibility for structural defects, ensuring that any issues arising from construction activities are addressed promptly and fairly, thereby protecting the interests of both the property owner and third parties.
Settlement, Cracking, Etc. The Builder’s Risk policy shall cover settling, cracking, shrinking or expansion (including coverage for loss resulting from settling, cracking, shrinking or expansion) of foundation walls, floors and other parts of the structure; and