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Contractor Plant & Machinery Policy Endorsement and Clauses wordings 1. ESCALATION CLAUSE Attached to and forming part of the Policy No. ___ In consideration of the payment of an additional premium
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What is contractors plant and equipment?
Contractors plant and equipment refers to machinery, tools, and vehicles used in construction projects.
Who is required to file contractors plant and equipment?
Contractors and construction companies are required to file contractors plant and equipment.
How to fill out contractors plant and equipment?
Contractors can fill out contractors plant and equipment by providing detailed information about the machinery, tools, and vehicles used in their construction projects.
What is the purpose of contractors plant and equipment?
The purpose of contractors plant and equipment is to track and report the assets used in construction projects for accounting and tax purposes.
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Information such as the description, quantity, original cost, and current value of the machinery, tools, and vehicles must be reported on contractors plant and equipment.
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