Section I - Material Damage
Contract works which consists of the full value of the contract works (Buildings, Plant & Machinery) at the completion of the construction/ installation. This valuation would include freight, customs dues and construction costs. It is common practice for the principal to supply the contractor with material on "free issue" to be built into the contract works. The value of such materials would not be reflected in the contract price and so the sum insured should be appropriately increased.

Section II - Third Party Liability
Liability to third party bodily injury or property damage claim.