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<br />punuaDl to para,graph 14.04, or after fmal payment <br />punuaDl to parapph 14.07. <br /> <br />C. ~ iDsuraJXe policy m.inr.iN!Cl by OWNER. cover. <br />ins IJlY loss, damage or consequcDlial loss referred to in <br />paragraph S.07.B shall cooWn provisions to the effect thai in <br />the eveDt of paymcDt of any such loss, damage, or <br />c:onsequeotial loss, the insurers will have DO rights of <br />recovery against CONTRACTOR, SubcontraCtors, <br />ENGINEER, or ENGiNEER's Consultants and the officers, <br />d.ircc:lOrs, partners, employees, agents, and other consultants <br />and subcontraCtors of eacb and any of them. <br /> <br />S.08 Receipt ond Application of Insurance Proceeds <br /> <br />A. Any insured loss under the policies of insurance <br />required by paragraph S.06 will be adjusted with OWNER. <br />and made payable to OWNER as fiduciary for the insureds, <br />as lbeir inreraU may appear, subject to Ibe requiremcIUS of" <br />any applicable mortgage clause aDd of paragraph S.08.B. <br />OWNBll ~ deposit in a scparase ICCOUIIlIII'J 1IIODe)' 10 <br />receiwcl aDd sbaII distribure it in accordaDce wiSh such agree- <br />meat as !be parties in iDlerest may readL If DO other special <br />agreemcat is RarhM, the damaged Work shall be repaired or <br />replaccd, !be IJlOI]eyS 10 received applied OIl accouDl thereof, <br />and !be Work and the cost thereof covered by an appropriate <br />Change Order or Written Amendment. <br /> <br />of such party by the ContraCt 1)ocwDeDlI, suc:h party sha11 <br />notify the other patty in writiq of such faUun: to purdwc <br />prior to the stan of the Worle, or of such faUun: to ",aln.aln <br />prior to any chan&e in the required coverage. Without <br />prejudice to any other right or remedy, the other party may <br />elect to obtain equivalent Bonds or iDsuraDCC to protect such <br />other party's interests at the expense of the party who was <br />required to provide such coverage, and a CwJge Order shall <br />be issued to adjusllhe Contract Price accordiDgIy. <br /> <br />S.IO Partial Utilization, AcJawwledgrMnI of Property <br />Insurer <br /> <br />A. If OWNER fmds it necessary to occupy or use a <br />portion or portioDS of the Work prior to SubstaDtial <br />Completion of. aU the Worle as provided in paragraph 14.05, <br />DO such oscor oc.c:upmcy sball'comtnl'!tll".ll! before 1be insurers <br />providing !be propertY iDsuraDce.-punuam to paracrapb S.06 <br />ba\'e aclcDowIcdged aodce cbereof and ill wridDa effected any <br />changes in coverage oecessitated tba'eby. Tbe iDsurers <br />providiDg die property insunDce &ball CODSeDl by eadonc- <br />meal on 1be policy or poUcJa, bul1be property iDsuraDcc <br />shall DOt be canceled or permitted to Iapsc on accoum of any <br />such partial use or occupaDC)'. <br /> <br />ARTICLE 6 .; CONTRACTOR'S RESPONSmILITIBS <br /> <br />B. OWNER as fiduciary shall bave power to adjust and <br />ICtde any loss with die iDsurcrs unless ODe of the parties in 6.01 Supervision ond Superintendence <br />imcrest sbalI object in' wridDa wid1iD IS days after cbe <br />oc:c:urreacc of loss to OWNER's exercise of this power. If A. CONTRACTOll abaI1 supervise. iDspcct.aDd direct. <br />such objection be made. OWNER u fitltviuy &ball m.ake !be Work ~..mty aDd efticieat'Y. dewJtiD& IUCh attePfnn <br />acUIemcDt widl the iDSurerI ill accordaace wid1 such tberdO ad applyiDl such aIdDI aad ezpea1iIe as may be <br />qrecmMlf U die parties in iafereat may reach. If 110 such aecasary to perform the Work ill ICCOIdaDce wId1 die <br />apemaIl amaaa the pardes ill iaraat II ref("~ OWNER Comnct J>oc:umepn. CONTRACTOR IbaII be lOIdy <br />as fiduciary sbaIlldjust aa4 seale die loa widl the iaIurcn rap...asibIe far Ibe __..medIodI. tedIaIqaeI. aequeaca. <br />aad. if I~ ill wridDI by lIlY party ill iaraat. OWNER'" '- ...~ Gf"~ac:doa:,. -bat CONTRACI'OR IbaII <br />as (Jduci,uy shall give boad for 1be proper performance of ,DOt be rapoasibIe:'for:tbe uegllr-- of. OWNER or <br />such duticI. ENGINEER iIl.dIe .dcsip '.or. spec:ificI1ion of a apecific <br />means,' metbocS. tedmique, sequcace, or procecIUIe of <br />c:oastrUCdoa wbich is sbDwD or iDdu..'ed ill aDd cxprasJ.y <br />RqUiRd by 1be CoaIrICl Dt-rtnI'.ftH, CONTRACTOR Iha11 <br />be rcspoasibIe to see chat die compldcd Work complies <br />accurar.c1y widl die ComrICt I>ocumcn'-. <br /> <br />S.09 Acceptance of Bonds and llISIlrance: Option to <br />1lIp1Da <br /> <br />A. If either OWNEll or CONTRACfOR Iw any <br />objecdoD to the coverage afforded by or ocber provisioDl of <br />die Boads or iDsurIDCC required CO be pun:buecI aDd <br />ftI.;dfa;~ by the 0Iber puty in IlCCOI'daDce willa .Ardde 5 OIl <br />1be basis of aoa-coafOl'llllllCe wiIh die Coatt1d 1>ocuJrIMd1ll, <br />the cqecdD& part)' Iba1lIO DOCify ~ ocber party ill wridD& <br />widdD 10 days af'ta' recdpl cil dfe cerdfie-t- (<< odIec <br />CYidc:aoe ~ requiIed by parIIfII* 2.OS.C. OWNER <br />aDd CONTRACI'OR sbaD each provide CO die ocber such <br />IdcrdWlsl iDforlllllioD III rapec:t of iasunDcc provided u die <br />otber may reasoaably request. If eitber party does DOt <br />, purdIIIe or _Innln aD of die BoadIID4 Iasuraace requiIed <br /> <br />B. At all times duria& die prograa of. die .Work. <br />CONTllACTOlllball aaip a compdaIl raidcDt aupedD- <br />teDdeal tbcreto who shall DOt be npIaced widaoat wriUaa <br />DOCice co OWNER ad ENGINEER exa:pt aadec <br />~ cJm.qn.,..-,. 1be ~ wiD be <br />COramtACTOll', ~ II die Sire IIId shaD have <br />authority co act OIl bebalf of CONTRAcroR. AD <br />CO"""'~ pm fD or rec:ciwd from die ~bda""'" <br />sbaD be biDdbJg OG CONTRACTOR. <br /> <br />00700 - 18 <br />