Contracts all Risks
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Covers the “Contract Works” undertaken by a contractor against any unforeseen accidental physical loss or damage. Interests covered include but are not limited to the total contract value including costs of all materials and all temporary and permanent works. In addition; the principal’s existing property, contractor’s plant, equipment, and machinery at the project site, reasonable costs for removing debris, loss, or damage to third parties arising from the execution of the project can also be covered.