Format Dx Project Works - Eskom
Format Dx Project Works - Eskom
Format Dx Project Works - Eskom
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• 29 •<br />
GENERAL MEMORANDA APPLICABLE TO ALL SECTIONS<br />
MEMO 1 - INDEMNITY TO INSURED PARTIES<br />
Subject to the terms, Exceptions and Conditions of the Policy it is hereby declared and agreed that :-<br />
a) Other than work performed or undertaken by The Employer on his own behalf the Contract(s) entered<br />
into between the Employer and/or the Contractor(s) and/or Sub-Contractor(s) shall form the basis on<br />
which this Insurance is arranged.<br />
b) In respect of Manufacturers or Suppliers or Independent <strong>Project</strong> Managers, Engineering Consultants,<br />
Architects, Land Surveyors, Quantity Surveyors, Advisors or Consultants or any other professional party<br />
who may be deemed to be included as an Insured Party under this Policy, the Insurance by this Policy<br />
shall not apply in respect of loss, damage or liability arising from any professional activity or off-site<br />
manufacturing.<br />
MEMO 2 - PAYMENTS ON ACCOUNT<br />
In the event of loss as insured by this Policy, payments on account will be made to the Insured if necessary.<br />
MEMO 3 - CLAIMS COSTS<br />
The insurance by this policy extends to include necessary and reasonable costs and expenses incurred by<br />
the Insured in producing and certifying any particulars or details contained in their books of account or other<br />
business books or documents or other such proofs, information or evidence as may be required by the<br />
Insurer subject to a limit of R1,000,000.00 (One Million Rand) any one occurrence.<br />
MEMO 4 - VALUE ADDED TAX<br />
All Limits, Sums Insured, claims amounts, underlying deductibles, or any other amounts stated in the Policy<br />
are agreed to be inclusive of Value Added Tax and to the extent that the Insured is accountable to the<br />
authorities for Value Added Tax in respect of any payment in terms of this Policy the Insurers will include the<br />
amount of such tax in the settlement of any claim under this Policy.<br />
MEMO 5 – APPREHENSIVE CLAUSE<br />
If the discovery of a defect in any part of the Property Insured suggests that a similar defect or defects exist<br />
or may exist in any other part of the Property Insured, the Insured shall forthwith investigate and if necessary<br />
rectify the defect in such other part or parts at his own expense or alternatively bear all losses arising out of<br />
the said defect or defects.