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<br />ATTACHMENT
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<br />Bid/Contract Documents
<br />(Plans, timelines, cost breakdowns and specifications included in bid packages to become part ofthe
<br />Agreement)
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<br />(f) Contractor's deductible shall not exceed $5,000 on any gIven policy, unless
<br />approved in writing by Owner.
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<br />11.3 Insurance Requirements Applicable to Subcontractors. Contractor shall require each of
<br />its Subcontractors to maintain policies of insurance of the types described above with insurance limits as
<br />are customary for the industry in which each such Subcontractor operates and coverage limits as are
<br />commercially reasonable given the nature of the Work to be provided by such Subcontractor.
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<br />ARTICLE XII
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<br />BUILDER'S RISK COVERAGE
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<br />12.1. Owner shall, if required by Article IV of the Agreement, purchase and maintain builder's
<br />risk coverage or elect to self-insure the Project as follows:
<br />12.1.1 Coverage: All risk of direct physical loss or damage from any external causes
<br />except as excluded.
<br />12.1.2 Perils not insured: Wear, tear, deterioration, rust, rot, mold, vermin or insects;
<br />loss of market, loss of use; mechanical failure, delay, faulty workmanship, latent defect; settling,
<br />shrinkage or expansion; infidelity or dishonesty, mysterious disappearance, inventory shortage;
<br />earthquake; surface waters, and flood waters, freezing, electrical failure, error or omission in
<br />design, plan or specification; war risks; radioactive contamination or nuclear damage, all as
<br />defined in the master policy and such other exclusions specified in the master policy.
<br />12.1.3 Property Excluded: Contractors' and/or Subcontractors' equipment of every
<br />description, automobiles or other vehicles designed for highway use, watercraft, and aircraft,
<br />machinery, tools, equipment and property of similar nature not destined to become a permanent
<br />part of the installation of structure, money, notes, securities, plans, blueprints, specifications, and
<br />other similar papers, and trees, grass, shrubbery or plants.
<br />12.1.4 Deductibles: Fire, extended coverage, vandalism and malicious mischief and all
<br />other perils. Any and all deductible losses shall be borne by the contractors in the same portion
<br />that the amount of each contractor's loss bears to the total loss to all contractors on the Project.
<br />Uninsured losses shall be borne by each contractor individually.
<br />12.1.5 This insurance shall include the interests of the Owner, Contractor,
<br />Subcontractors, and any other sub-subcontractors.
<br />12.2 Any loss insured under Section 12.1 is to be adjusted with Owner and made payable to
<br />the Owner as trustee for the parties, as their interests may appear.
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<br />128770
<br />Form
<br />4400158
<br />5/04
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<br />GC
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