What are the two types of wrap-up plans?

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Multiple Choice

What are the two types of wrap-up plans?

Explanation:
Wrap-up plans provide a single, comprehensive insurance program for everyone working on a construction project, streamlining coverage, certificates of insurance, and claims handling. The two main formats are owner-controlled and contractor-controlled programs. In an OCIP, the project owner arranges and funds the coverage; in a CCIP, the general contractor takes the lead on the coverage. These are the two widely recognized wrap-up types, which is why OCIP and CCIP is the correct pairing. Other terms like CCAP or IPCC aren’t standard wrap-up formats used in typical practice.

Wrap-up plans provide a single, comprehensive insurance program for everyone working on a construction project, streamlining coverage, certificates of insurance, and claims handling. The two main formats are owner-controlled and contractor-controlled programs. In an OCIP, the project owner arranges and funds the coverage; in a CCIP, the general contractor takes the lead on the coverage. These are the two widely recognized wrap-up types, which is why OCIP and CCIP is the correct pairing. Other terms like CCAP or IPCC aren’t standard wrap-up formats used in typical practice.

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