Page 52 - Barr&Barr_Cost Proposal

Endorsement # 5

Contract Exclusion Endorsement

(Cumulative Contract Value, Bid Spread, Trade)

Policy No. Eff. Date of Pol. Exp. Date of Pol. Eff. Date of End. Producer Add’l Prem. Return Prem.
SGD 5915483 10 8/1/2016 8/1/2017 8/1/2016 91435803 --- ---

Named Insured: Barr & Barr, Inc.

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

This endorsement modifies insurance provided by the following:
®
Subguard Policy

It is agreed that:
The following are added to Section III. EXCLUSIONS:

This insurance does not apply to Loss arising from:
Any one or more Contracts with any Subcontractor the sum which is $15,000,000 in value or more in connection
with any single project. For the purposes of this endorsement, a single project shall mean a project for which a single
contract between the owner and Insured is executed. The value of a Contract shall be determined as of the time of
the execution of the Contract. Any additive change order to the value of any Contract that is approved after the time
of execution of the Contract and that would increase the sum of the values of such Contracts to $15,000,000 or
more shall be reported to us within ninety (90) days of execution of the change order. After receiving such reports, we
will then make a determination whether to accept such Contracts for coverage under this Policy;

A Contract with any Subcontractor in excess of $10 million with a bid spread of 15%; or

Any Contract for curtainwall/glazing services CSI Section 084400.
Provided, however, that these exclusions shall not apply to Contracts listed on a Specific Contract Coverage
Endorsement, if any.

All other terms, conditions, provisions and exclusions of this policy remain the same.

U-SGD-232-A CW (04/16)
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Includes copyrighted material of Insurance Services Office, Inc., with its permission.