Format Dx Project Works - Eskom

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