CCIP definition
Examples of CCIP in a sentence
Contractor may withhold from any amounts otherwise due Subcontractor an amount up to 125% of the expected CCIP credit.
An estimated CCIP credit will be calculated based on the Form 1a – Coverage and Rate Verification Worksheet (“Form 1a”) submitted prior to or at the beginning of the Work.
After the final Form 4 – Monthly On-Site Payroll Report has been received the actual credit will be calculated and a Final CCIP Change Order will be issued to adjust the CCIP credit.
If Subcontractor is enrolled in a Contractor Coordinated Insurance Program (CCIP) for the Project, then Subcontractor shall comply with all provisions of Attachment E, and relevant Attachments.
If Subcontractor, or any of its tiered subcontractors, is not enrolled in the CCIP, then Subcontractor or any of its tiered subcontractors, as applicable, shall comply with all provisions of Exhibit A.