AIA A201 contains a clause precluding the contract parties from seeking to recover any loss that is already covered by property insurance from each of the other parties. How is this identified?
A. waiver of liens
B. release of liens
C. waiver of subrogation
D. retainage
AnswerC. waiver of subrogation.
Visit the Construction and Evaluation page for more study resources
Resource tip: understand more about this common provision in standard agreements by reading an article from IRMI (the International Risk Management Institute)
A. waiver of liens
B. release of liens
C. waiver of subrogation
D. retainage
AnswerC. waiver of subrogation.
Visit the Construction and Evaluation page for more study resources
Resource tip: understand more about this common provision in standard agreements by reading an article from IRMI (the International Risk Management Institute)
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