Condition Survey definition
Examples of Condition Survey in a sentence
At least one inspection shall be conducted of all occupied units, structures and systems using the Uniform Property Condition Survey (UPCS).
Such brokers to further undertake to give immediate notice of any insurance being subject to the Condition Survey Warranty (▇.▇.II5) and/or Structural Conditions Warranty (▇.▇.722) and/or the Classification Clause (Hulls) 29/6/89, 30 days prior to the attachment date of any insurance bearing any of these warranties.
This process starts in the summer of each year when an Annual Condition Survey (ACS) is carried out based on industry agreed practice.
The Authority will make available to the Contractor, for information only, the Building Condition Survey information available with him.
Said Letter of Undertaking shall be in accordance with the form recommended by Lloyd’s Insurance Brokers Committee, or any subsequent LIBC form, or any other similar form, which is approved by the Bank and shall include a further undertaking to give immediate notice of any insurance being subject to the Condition Survey Warranty (▇.▇.