NettetJCT Intermediate contract The JCT intermediate contract is used for medium to large sized building and renovation projects where the contract value is likely to exceed £500,000 and the work itself is complex. Insurance Options The following options are available to choose from in the contract; Nettet6.4.1.2 Contractor's insurance: injury to persons or property - insurance cover £10 million 6.5.1 Insurance - liability of Employer Insurance *is required/is not required Minimum amount of indemnity for any one occurrence or series of occurrences arising out of one event £5 million 6.7 and Schedule 1 Insurance of the Works - Insurance Options
‘All risk’ insurance under the JCT forms of contract
Nettet20. nov. 2024 · There is a similarly subjective right to terminate under the JCT sub-contracts: following 10 days’ notice of default, the contractor may terminate if the sub-contractor “without reasonable cause fails to proceed with the Main Contract Works so that the reasonable progress of the Sub-Contract Works is seriously affected” Nettet13. apr. 2024 · Joint names insurance clauses in JCT contracts mean that both the Employer and the Contractor are first party to the insurance. This means that the … hardware stores in chicopee ma
Insuring existing structures in JCT contracts — Archor LLP
NettetWe offer JCT Clause 6.5.1 insurance to provide protection against an employer’s liability for expense, liability, loss, claims or proceedings that arise due to non-negligent … Nettet6.4.3(a) Employer's Third Party Insurance Insurance cover (for any one occurrence or series of occurrences arising out of one event) pounds) 6.5.1 Insurance - liability of Employer Not required 6.7 and Schedule 3 Insurance of the Works - Insurance Options Insurance Option B 6.7 and Schedule 3 Insurance Options B or C (Provisions NettetWhen arriving at a minor works JCT contract you should select insurance clause 5.4b, which is the insurance of existing structures and works by the employer in the joint name of the employer and the contractor. This has two effects: Firstly, it makes sure that the existing structure and contract works are insured against all risks for their ... change paper feed setting on printer