Common use of Contract Works Clause in Contracts

Contract Works. Where the Contract comprises or includes Minor Works, Contract Works insurance for an amount not less than the full cost of reinstatement of the relevant works. The policy must include cover against physical loss or damage to the works and unfixed goods and materials whether on or off the site. The policy must be for the duration of the Term and any defects liability period, and must be extended to include: (i) inland transit, off-site storage anywhere in Australia; (ii) furniture, fixtures, and equipment commissioning and testing; and (iii) loss of or damage to, and the cost to rectify, replace or repair property, which is free of a defective condition but is damaged in consequence of other property which is in a defective condition.