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2020.01.28 CC Packet
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2020.01.28 CC Packet
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<br /> <br /> <br />Rev. 0002 <br />_____|_____ <br />Buyer Seller <br />Initial Initial <br />8 <br /> <br />coverage for property damage, personal injury and liability claims for all <br />material and labor supplied by Seller for the Work, whether affixed to the <br />real property or just delivered to the Site. Such policy shall be an “all- <br />risk” Builders Risk policy with Seller named as ‘additionally insured’ on <br />the policy. Buyer is required to provider Seller a Certificate of Insurance <br />ten (10) days prior to scheduled start date. <br />Insurance Carrier: __________________________________________ <br />Policy Number: ____________________________________________ <br /> <br />17. PERFORMANCE AND PAYMENT BONDS. Any Performance and Payment <br />Bonds associated with this contract shall guarantee that the work will be free of <br />defective materials and workmanship for a period of twelve (12) months <br />following the completion of the contract. Any additional warranty or guarantee <br />whether expressed or implied is extended by the principal or manufacturer only, <br />and the surety assumes no liability for such a guarantee. <br />Performance and Payment Bond Required: Yes X No <br /> <br />Performance and Payment Bond will be secured by ________________________ <br />at an additional cost (above the contract price) of: $________________________ <br /> <br />18. FIRE OR OTHER CASUALTY. If the Building is substantially destroyed by <br />fire or other casualty prior to the completion of the Work, Buyer may terminate <br />this Contract by written notice provided that Buyer has paid for all materials <br />delivered and work which Seller has performed before the destruction. Seller <br />must complete the Work, if Buyer requests, provided Buyer has paid for all <br />additional costs associated with any damage which occurred, and Seller is given <br />adequate additional time to complete the Work. <br />19. DISPUTE RESOLUTION. <br />19.1. Location. Buyer agrees to locate any disputes between Buyer and Seller <br />in the State of Minnesota. <br />19.2. Time Limits to File Claims. A request for arbitration must be filed <br />within six (6) months of the date when the relevant facts regarding the <br />claim were discovered or could reasonably have been discovered. In no <br />case may any arbitration or court action be brought after the expiration of <br />the applicable statute of limitations. <br />____|____ <br />Buyer Seller <br />Initial Initial
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