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71.4.8 A loss insured under Owner's property insurance shall be adjusted by the Owner as fiduciary and made payable to the Owner as fiduciary for the insureds, as their interests may appear, subjed to requirements of any applicable mortgagee clause and oE Subparagraph 11.4.10. The Contractor shall pay Subcontractors their just shares of insurance proceeds received by the Contractor, and by appropriate agreemems, written where legally required for validity, shall require Subcontractors to make payments to their Sub-subcontractors in similar manner. 17.4.9 If required in writing by a party in interest, the Owner as fiduciary shall, upon occurrence of an insured loss, give bond for proper performance of the Owner's duties. The cost of required bonds shall be charged against proceeds received as fiduciary. The Owner shall deposit in a separate account proceeds so received, which the Owner shall distribute in accordance with such agreement as the parties in interest may reach, or in accordance with an arbitration award in which case the procedure shall be as provided in Paragraph 4.6. If after such loss no other special agreement is mzde and unless the Owner terminates the Contract for convenience, replacement of damaged property shall be performed by the Contractor afier notification of a Change in the Work in accordance with Article 7. 11.4.10 The Owner as fiduciary shall have power to adjust and settle a loss with insurers unless one oF the parties in interest shall object in writing within five days after occurrence of loss to the Owner's execcise of this power; if such objection is made, the dispute shal] be resolved as provided in I'aragraphs 4.5 and 4.6. The Owner as fiduciary shall, in the case of arbitration, make settlement with insurers in accordance with directions of the arbitrators. If distribution of insurance proceeds by arbitration is required,4he arbitrators will direct such distribution. 17.5 PERFORMANCE BOND AND PAYMENT BOND 11.5.1 The Owner shall have the right to require the Contractor to furnish bonds covering faithful performance of the Contract and payment of obligations arising thereunder as stipulated in bidding requirements or specifically required in the Contract Documents on the date oE exewtion of the Contrad. 11.5.2 Upon the request of any person or entity appearing to be a potential beneficiary of bonds covering payment of obligations arising under the Contract, the Contractor shall promptly furnish a copy of the bonds or shall permit a copy to be made. ARTICLE 12 UNCOVERING AND CORRECTION OF WORK 17.1 UNCOVERING Of WORK 72.1.7 IE a portion of the Work is covered contrary to the Architect's request or to requirements specifically expressed in the Contract Documents, it must, if required in writing by the Architect, be uncovered for the ArchitecCs examination and be replaced at the Contractor's expense without change in the Contract Time. 12.7.2 If a portion of the Work has been covered which the Architect has not specifically requested to examine prior to its being covered, the Architect may request to see such Work and it shall be uncovered by the Contrador. If such Work is in accordance with the Contract Documents, costs of uncovering and replacement shall, by appropriate Change Order, be at the Owner's expense. If such Work is not in accoidance with the Contract Documents, correction shall be at the Contractor's expense unlesS the condition was caused by the Owner or a separate contractor in which event the Owner shall be responsible for payment of such costs. WARNING: Unli<amad photocopying vbutes U.S. mpyAght laws and wlll subJect the violaror ro legal prosewtion. o 'I'I o o. o O 0 1997 A I A 0 AIA DOCUMENT A201-7997 GENERAL CONDITIONS OF THE CONTRACT FOR CONSTRUCTION The American Institute of Archirectz 1735 New York Avenue, N.W. Washingion, D.C. 20006-5292