Introduction The impact of the COVID-19 coronavirus continues to escalate and will likely significantly affect projects in the construction and infrastructure sectors. Essentially, delay and disruption to projects due to material shortages, restrictions on movement of workforce, shutdown of sites or illness of workforce on site (for example the recent temporary suspension of works to […]
NEC3: Have you contractually vaccinated against COVID-19?
Introduction The Coronavirus has now spread to over 100 countries and the World Health Organisation has declared a pandemic. Some countries have taken drastic measures to contain the outbreak, and it is likely others will follow. Construction supply chains operate across local and global boundaries, relying on movement of materials and other resources to arrive […]
Improving an insured’s claims experience following storm damage
Introduction The recent deluges brought about by Storms Ciara and Dennis will be keeping many construction projects busy for the coming weeks and months. As project teams get to grips with the extent of damage and repair options, assessing the potential disruption and resultant delay impact they will also start to review and implement mitigation […]
How can construction underwriting prepare for a BIM-driven future?
Introduction As the pace of Building Information Modelling (BIM) increases, insurers and underwriters must adapt their practices to take full advantage of the information available. Although BIM adoption is currently largely driven by the Government-mandated use of level 2 BIM on all public sector projects, it’s only a matter of time before it spreads to […]
Hugely privileged to have had such a great turn out of industry leaders and stakeholders. As well as some excellent case studies, we debated the future for insurance and construction claims.
COD Wars: Defining a project’s commercial operation date
Introduction Measuring delay under DSU policies can be full of difficulties. Away from dealing with conflicting contractual priorities, legal precedents that may not be applicable to a DSU policy (float, concurrency etc) and discussing appropriate delay analysis methodologies; there is one issue above all others that really can be the proverbial ‘thorn in the side’ […]
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