What it does
CG 25 03 applies a separate Designated Construction Project General Aggregate Limit to each project shown in the schedule. Coverage A damages (other than products-completed operations) and Coverage C medical expenses that can be attributed only to ongoing operations at a single designated project reduce that project's aggregate, not the policy general aggregate or any other project's aggregate. Each project aggregate equals the general aggregate shown in the Declarations.
Who needs it
General contractors and subcontractors with several projects at once. Owners and GCs commonly demand "per project aggregate" on certificates.
Key provisions and limits
- Projects must be designated in the schedule; this edition does not apply automatically to every project.
- Losses that cannot be attributed to a single designated project reduce the general aggregate (or products-completed operations aggregate).
- Products-completed operations losses continue to reduce the products-completed operations aggregate.
- A project that is delayed, abandoned and restarted, or deviates from plans or timetables, is still treated as the same project.
Quoting and selling notes
- Many carriers use their own blanket per project aggregate forms; check whether the contract accepts a scheduled form.
- Completed operations per project aggregates are a separate request: see CG 25 45 for the CGL and CG 25 47 for the Products/Completed Operations coverage part.
- Fixed-location businesses use CG 25 04 (per location) instead.
Selling points
- Each scheduled project gets a full general aggregate, protecting the contractor's other projects and its own premises exposure from one large job loss.
- Owners and general contractors often require a per project aggregate on certificates; this ISO form needs each project scheduled, while many carriers offer blanket per project aggregate forms instead.
- Products-completed operations losses are not affected; ask whether the contract also requires per project completed operations limits (CG 25 45).
- The endorsement does not raise the each occurrence limit.
