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Contract Works (Insurance)
"I need a Contract Works Insurance agreement under Qatar law for a large-scale commercial development project in Doha, with coverage starting March 2025, including specific provisions for underground works and neighboring structures protection."
1. Parties: Identification of the insurer and the insured parties, including contractor and principal
2. Background: Context of the construction project and purpose of the insurance coverage
3. Definitions: Detailed definitions of key terms used throughout the policy, including technical construction terms
4. Scope of Coverage: Detailed description of what is covered under the policy, including works, materials, and temporary structures
5. Sum Insured: Details of the total sum insured and sub-limits for different aspects of coverage
6. Premium and Payment Terms: Premium amount, payment schedule, and consequences of non-payment
7. Duration of Coverage: Policy period, including construction phase and maintenance period
8. Exclusions: Specific risks and circumstances excluded from coverage
9. General Conditions: Standard policy conditions including compliance with safety regulations and maintenance of records
10. Claims Procedure: Process for notification and handling of claims
11. Termination Rights: Circumstances under which the policy can be terminated by either party
12. Governing Law and Jurisdiction: Confirmation of Qatar law as governing law and jurisdiction details
1. Cross Liability Clause: Optional section for projects with multiple insured parties requiring cross-liability coverage
2. Professional Indemnity Extension: Optional coverage for design and professional services if required
3. Testing and Commissioning: Additional coverage for testing and commissioning phase if applicable to the project
4. Advance Loss of Profits: Optional coverage for delayed start-up and advanced loss of profits
5. Terrorism Coverage: Optional extension for terrorism-related risks
6. Marine Transit Coverage: Optional coverage for materials and equipment during marine transit
7. Extended Maintenance: Optional extended maintenance period coverage beyond standard period
1. Schedule 1 - Project Details: Detailed description of the construction project, location, and scope of works
2. Schedule 2 - Sum Insured Breakdown: Detailed breakdown of sums insured for different aspects of the works
3. Schedule 3 - Premium Schedule: Detailed premium calculation and payment schedule
4. Schedule 4 - Technical Specifications: Technical details of the construction works relevant to the insurance
5. Schedule 5 - Safety Requirements: Mandatory safety measures and procedures
6. Appendix A - Claims Documentation Requirements: List of required documents and procedures for claims
7. Appendix B - Risk Management Guidelines: Guidelines for risk management and loss prevention
8. Appendix C - Endorsement Forms: Standard forms for policy endorsements and modifications
Authors
Construction
Infrastructure Development
Real Estate
Oil & Gas
Energy
Industrial Manufacturing
Commercial Development
Healthcare Facilities
Educational Facilities
Transportation
Hospitality
Retail Development
Legal
Risk Management
Operations
Finance
Procurement
Commercial
Project Management
Insurance
Compliance
Construction
Technical Services
Claims
Risk Manager
Construction Manager
Project Director
Insurance Manager
Contract Manager
Legal Counsel
Project Manager
Chief Financial Officer
Operations Director
Procurement Manager
Commercial Manager
Claims Manager
Technical Director
Compliance Officer
Construction Site Manager
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