Absher/Stellar J Joint Venture 12/8/2025 (3)

Addendum 1 Page 10 CITY OF EVERETT ⋅ 3200 Cedar Street ⋅ Everett, WA 98201 ⋅ (425) 257-8800 ⋅ Fax (425) 257-8882 15.4.3 This property insurance shall cover portions of the Work stored off the site, and also portions of the Work in transit. All tools and equipment of the Contractor and Subcontractors of any tier not intended as part of the construction or installation of the Work will be the sole responsibility of the Contractor. 15.4.4 Upon the occurrence of an insured loss, the Owner, as first named insured, shall have the right to adjust and settle any loss with the insurers. The Owner shall deposit in a separate account any monies received, and shall distribute such funds in accordance with such agreement as the parties in interest may reach. If no agreement is reached, any damaged Work shall first be repaired or replaced, and payment therefor made from the separate account by Change Order or by payment to a separate contractor, at Owner’s option; further disbursements from the separate account will then be determined by Owner 15.4.5 Partial occupancy or use in accordance with this Contract shall not commence until the insurance company or companies providing property insurance have consented to such partial occupancy or use by endorsement or otherwise. The Owner and the Contractor shall take reasonable steps to obtain consent of the insurance company or companies and shall, without mutual written consent, take no action with respect to partial occupancy or use that would cause cancellation, lapse or reduction of insurance.” Item 12 - SPECIFICATION 00 72 00 GENERAL CONDITIONS: Delete the Text of Section 15.3.9 and Replace with the following: “Contractor shall furnish separate evidence of insurance as stated above for each Subcontractor or shall include all Subcontractors as insureds under its policies. All coverage for Subcontractors shall be subject to all the requirements stated herein and applicable to their profession. If Contractor does not include Subcontractors as insured under Contractor’s own insurance policies, Contractor shall be responsible for assuring that all Subcontractors obtain all insurance as required by this Agreement and that the Owner be specifically endorsed as an additional insured on such insurance. The insurance requirements for each Subcontractor are the same as for Contractor, except that for subcontracts with value less than $1 million, the requirements in 15.3.14.4 and 15.3.14.7 are adjusted for such subcontracts as follows: • The Bodily Injury and Property Damage limits from 15.3.14.4 shall be: $ 2,000,000 General Aggregate $ 1,000,000 Products & Completed Operations Aggregate