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§ 14.2.2 The Owner may, without consent of the Construction Manager, assign the Contract to a lender providing
<br />construction financing for the Project, if the lender assumes the Owner's rights and obligations under the Contract
<br />Documents. The Construction Manager shall execute all consents reasonably required to facilitate the assignment.
<br />§ 14.2.3 Prompt Payment Act subdivision 4a shall apply to payments by Contractor to Subcontractors.
<br />§ 14.3Insurance and Bonds
<br />§ 14.3.1 Preconstruction Phase
<br />The Construction Manager shall maintain the following insurance for the duration of the Preconstruction Services
<br />performed under this Agreement. If any of the requirements set forth below exceed the types and limits the Construction
<br />Manager normally maintains, the Owner shall reimburse the Construction Manager for any additional cast.
<br />§ 14.3.1.1 Commercial General Liability on subcontracts of $1,000,000.00 or less with policy limits of not less than
<br />$2,000,000for each occurrence and $2,000,000.00 on products/completed operations aggregate, and $2,000,000.00
<br />general aggregate (per project). Commercial General Liability on subcontracts over $1,000,000.00 with policy limits of
<br />not less than $5,000,000.00 for each occurrence, $5,000,000.00 for products /competed operations aggregate, and
<br />$5,000,000.00 general aggregate (per project).
<br />§ 14.3.1.2 Automobile Liability covering vehicles owned, and non -owned vehicles used, by the Construction Manager
<br />with policy limits of not less than $ 1,000,000.00 ) per accident for bodily injury, death of any person, and property
<br />damage arising out of the ownership, maintenance and use of those motor vehicles, along with any other statutorily
<br />required automobile coverage.
<br />§ 14.3.1.3 The Construction Manager may achieve the required limits and coverage for Commercial General Liability
<br />and Automobile Liability through a combination of primary and excess or umbrella liability insurance, provided that
<br />such primary and excess or umbrella liability insurance policies result in the same or greater coverage as the coverages
<br />required under Sections 14.3.1.1 and 14.3.1.2, and in no event shall any excess or umbrella liability insurance provide
<br />narrower coverage than the primary policy. The excess policy shall not require the exhaustion of the underlying limits
<br />only through the actual payment by the underlying insurers.
<br />§ 14.3.1.4 Workers' Compensation at statutory limits and Employers Liability with policy limits not less than
<br />$1,000,000M ) each accident, $1 0,000.00 each employee, and$1,000,000.00 policy limit.
<br />§ 14.3.1.5 Professional Liability covering negligent acts, errors and omissions in the performance of professional
<br />services, with policy limits of not less than $1,000,000.00 ) per claim and $1,000,000.00 in the aggregate.
<br />§ 14.3.1.6 Other Insurance
<br />(List below any other insurance coverage to be provided by the Construction Manager and any applicable limits.)
<br />Coverage Limits
<br />§ 14.3.1.7 Additional Insured Obligations. To the fullest extent permitted by law, the Construction Manager shall cause
<br />the primary and excess or umbrella polices for Commercial General Liability and Automobile Liability to include the
<br />Owner as an additional insured for claims caused in whole or in part by the Construction Manager's negligent acts or
<br />omissions. The additional insured coverage shall be primary and non-contributory to any of the Owner's insurance
<br />policies and shall apply to both ongoing and completed operations.
<br />§ 14.3.1.8 The Construction Manager shall provide certificates of insurance to the Owner that evidence compliance with
<br />the requirements in this Section 14.3.1.
<br />§ 14.3.2 Construction Phase
<br />After execution of the Guaranteed Maximum Price Amendment, the Owner and the Construction Manager shall
<br />purchase and maintain insurance as set forth in AIA Document Al33Tm--2019, Standard Form of Agreement Between
<br />Owner and Construction Manager where the basis of payment is the Cost of the Work Plus a Fee with a Guaranteed
<br />Maximum Price, Exhibit B, Insurance and Bonds, and elsewhere in the Contract Documents.
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