Wrap-up plans procurement covers whom?

Wrap-up plans procurement covers whom?

• A. Only the owner
• B. Subcontractors only
• C. Owner and contractors involved
• D. Only the general contractor

Answer: (C)

Wrap-up plans are unified insurance programs for a construction project that cover everyone involved on the site, not just one party. They’re designed to include the owner and all contractors and subcontractors working on the project, sometimes extending to design professionals as well. This broad coverage helps prevent gaps, simplifies claims, and can reduce costs by consolidating policies under one program. Therefore, the plan procures coverage for the owner and all contractors involved, rather than just one group.

Wrap-up plans are unified insurance programs for a construction project that cover everyone involved on the site, not just one party. They’re designed to include the owner and all contractors and subcontractors working on the project, sometimes extending to design professionals as well. This broad coverage helps prevent gaps, simplifies claims, and can reduce costs by consolidating policies under one program. Therefore, the plan procures coverage for the owner and all contractors involved, rather than just one group.