The WIDP Contract (Clause 55.1 and Schedule 10) specifies the insurances that the Contractor is required to take out and maintain during the Contract Period. A failure of the Contractor to maintain such Required Insurances can amount to a Contractor Default, which could give rise to termination of the Contract. It is therefore important for the Contract Manager to become familiar with the Authority's insurance requirements.
In producing the Contract Management Manual, the Contract Manager should briefly identify the different Required Insurances and summarise the nature of the cover, including its period of application (which may be just the Works period, or the duration of the Contract).
The approach in the guidance assumes that the Contractor is seeking project specific insurance as required by a third party funder. However where there is no third party funder involved the Contractor may rely on group insurance. This raises certain issues which are covered in SoPC 448 (Section 37.5.3).
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48 SoPC4 is available online at http://www.hm-treasury.gov.uk/ppp_standardised_contracts.htm