What is Contract Value | Insurance glossary by upcover

The Contract Value represents the full financial worth of a construction project, including materials, labour, and profit margin. It's the basis for setting sums insured under a Contract Works policy. Why it matters: Insuring for the correct contract value ensures full protection if major damage requires a complete rebuild.

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Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

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Related Term

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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