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NASCLAProcurement and Contracting Requirementsmedium

Builder's risk insurance is generally associated with:

Correct Answer

C) Property coverage for the work during construction

Builder's risk is property insurance for the project work during construction. Other choices are bidding, payroll, or payment-release matters.

Answer Options
A
Treat the bid-opening agenda as the builder's risk documentation
B
Treat worker payroll taxes as the builder's risk exposure
C
Property coverage for the work during construction
D
Treat final lien waivers after payment as builder's risk coverage

Why This Is the Correct Answer

Builder's risk is property insurance for the project work during construction. Other choices are bidding, payroll, or payment-release matters.

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