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Grease Monkey Remodel <br /> Friday, August 03, 2018 <br /> Page 7 of 9 <br /> Article 9.2. The Owner will purchase and maintain property insurance to the full and insurable <br /> value of the project, in case of a fire, vandalism, malicious mischief or other <br /> instances that may occur. <br /> Article 9.3. The Contractor shall purchase and maintain needed Workman's Compensation <br /> and Liability insurance coverage as required by law and deemed necessary for his <br /> own protection. <br /> Article 10 GENERAL PROVISIONS <br /> Article 10.1. If conditions are encountered at the construction site which are subsurface or <br /> otherwise concealed physical conditions or unknown physical conditions of an <br /> unusual nature, which differ naturally from those ordinarily found to exist and <br /> generally recognized as inherent in construction activities, the Owner will promptly <br /> investigate such conditions and, if they differ materially and cause an increase or <br /> decrease in the Contractor's cost of, and/or time required for, performance of any <br /> part of the work, will negotiate with the Contractor an equitable adjustment in the <br /> contract sum, contract time or both. <br /> Article 11. HAZARDOUS MATERIALS, WASTE AND ASBESTOS <br /> Article 11.1. Both parties agree that dealing with hazardous materials, waste or asbestos <br /> requires specialized training, processes, precautions and licenses. Therefore, <br /> unless the scope of this agreement includes the specific handling, disturbance, <br /> removal or transportation of hazardous materials, waste or asbestos, upon <br /> discovery of such hazardous materials the Contractor shall notify the Owner <br /> immediately and allow the Contractor to contract with a properly licensed and <br /> qualified hazardous material contractor. Any such work shall be treated as a <br /> Change Order resulting in additional costs and time considerations. <br /> Article 12. ARBITRATION OF DISPUTES <br /> Article 12.1. Any controversy or claim arising out of or relating to this contract, or the breach <br /> thereof, shall be settled by arbitration administered by the American Arbitration <br /> Association under its Construction Industry Arbitration Rules, and judgment on the <br /> award rendered by the arbitrator(s) may be entered in any court having jurisdiction <br /> thereof. <br /> Article 13. WARRANTY <br /> Initialed by: Owner Contractor f/� <br />