Works insurance. 18.1 The Contractor shall from the Possession Date until Certificate of Practical Completion effect and keep in force:
Works insurance a. The Sub-Contractor is required to effect and maintain (and pay all premiums for) a contract works insurance policy, which covers the whole of the Sub-Contract Works against loss or damage resulting from any cause whatsoever, until the Sub- Contractor ceases to be responsible for their care.
Works insurance. On or before the date of the Contract, the Contractor will affect a “Contract Works” insurance policy in the name of the Contractor covering the Contractor, Viterra and all sub-contractors employed from time to time in relation to the Works. The purpose of this insurance is to cover the risk of material damage to the Works only.
Works insurance. In works where GAM acts as subcontractor and hires machinery with a GAM operative, the hirer shall inform the owner of the obligatory fully comprehensive construction and assembly insurance in place in order to be included as additional insured party and with express waiver of recovery against GAM by the aforementioned insurance company, the hirer being liable for any consequences arising from the aforementioned omission.
Works insurance. The contractor shall take out a "Contractor All Risk" insurance to the joint benefit of itself, its subcontractors, the contracting authority and the supervision consultant. This insurance shall cover all damage to which the works included in the contract may be subject, including damage due to a defect or a design flaw of the plans, the building materials or the implementation for which the contractor is responsible under the contract and the damages due to natural events. This insurance shall also cover damage to existing goods and properties of the contracting authority and of the supervision consultant. This insurance shall also cover the equipment and the temporary works on the site up to their total value of reconstruction/replacement. At any time during contract performance, the contractor provides such certificate within fifteen days following the reception of such a request from the contracting authority.
Works insurance. The Supplier must prior to commencing the Minor Works, effect and maintain in a form appropriate to the Supplier’s activities and with an APRA approved insurer Contract Works insurance (in joint names with UWA) for the amount of the Fees plus 20%.
Works insurance. 11.1 (a) Contract Works Insurance Contract works all risks insurance in the name of the Company, Contractor and Sub-contractors in respect of the Works to be performed pursuant to the Contract including cover for materials and goods stored off-site, against the risks of loss, damage or destruction caused by insurable risks including loss, damage or destruction by earthquake, fire, flood, lightning, storm and tempest, theft, malicious damage for the full reinstatement value (including consultant’s fees and removal of debris) of the Works. This insurance is to be maintained in full force and effect until the expiry of the Defects Liability Period.
Works insurance. ALTERNATIVE 1 CONTRACTOR’S INSURANCE Before commencing the work, the Contractor must effect a policy of insurance for the Works. The insurance policy shall cover the Principal and the Contractor, covering loss or damage in relation to the work under the Contract for an amount not less than the total of the Contract Sum, plus 30%, and the value of materials provided by the Principal, temporary work under the Contract and materials, constructional plant and other things brought onto the site by or on behalf of the Contractor.
