Allocation Of Insurance Related Risks And Costs On Construction Projects

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Risk and Insurance in Construction

Author : Nael G. Bunni,Lydia B. Bunni
Publisher : Routledge
Page : 705 pages
File Size : 50,8 Mb
Release : 2022-02-16
Category : Architecture
ISBN : 9781000175073

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Risk and Insurance in Construction by Nael G. Bunni,Lydia B. Bunni Pdf

The new 3rd edition of Nael Bunni’s Risk and Insurance in Construction, now co-authored with Lydia Bunni, explains the need for insurance in construction and engineering projects and why it must be incorporated into the Conditions of Contract for such projects. It is unique in bringing together the background of the two topics of 'risk' and 'construction insurance', explaining the flow and the interaction between them and then dealing with how they have been used to formulate the 2017 FIDIC Suite of Contracts and the 2021 Green Book. This edition has been fully updated, and new chapters deal with the latest definitions of 'risk' outlined in ISO 31000: 2009, and specifically explains the principles embodied in the new Clauses 17, 18 and 19 of the Major Suite of the FIDIC forms of contract and how they should be used. An important chapter (Chapter 5) is included, discussing the logical transition from decision-making to risk identification to responsibility for those allocated with particular risks, to the potential liability that results. This includes discussing particular liabilities that may arise for parties typically involved in construction and engineering projects, including developers, owners, contractors and designers. This part of the book links insurance to the law and explains the interaction between the two topics. The correlation between liability and the need for indemnity, which can only be provided properly through insurance, is highlighted. The book is essential reading for practitioners from both the engineering profession and the insurance industry in all types of projects. Engineers who are required to use one of the Major Forms of the FIDIC Suite of Contracts, whether they are designers or contractors, and those involved in the insurance sector, whether brokers, claim consultants or insurance company personnel, will find this book to be an indispensable reference.

The New Engineering Contract

Author : Arthur McInnis
Publisher : Thomas Telford
Page : 698 pages
File Size : 40,5 Mb
Release : 2001
Category : Technology & Engineering
ISBN : 0727729616

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The New Engineering Contract by Arthur McInnis Pdf

The introduction of the New Engineering Contract (NEC) encourages a systematic approach to contracting which is multidisciplinary in nature and fully interlocked in form. The NEC is intended by its supporters to be more flexible and easier to use than any current leading traditional standard forms of contract. It is believed that these features reduce adversariality and disputes. The NEC seeks to achieve this aim primarily through co-operative management techniques and incentives built into the NEC's procedures. This commentary analyses and evaluates these and related claims of innovation. The New Engineering Contract: A legal commentary examines the background to the NEC, its design objectives, structure, procedures and likely judicial interpretation to determine whether it improves upon the traditional standard forms of contract. Special attention is given in the commentary to the development and the significance of the principles underlying preparation of the NEC as well as the arguments in favour of and against them.Throughout the detailed commentary upon the NEC clauses comparisons to the traditional forms are also made to highlight unique features and principles of general application. The conclusion reached is that the NEC does make a significant contribution to the development of standard forms of contract, addresses many of their short comings and offers one of the best models for their future development, direction and design. The commentary draws upon the body of the project management literature and legal analysis to support its conclusions. The New Engineering Contract: A legal commentary will be essential reading for lawyers, barristers and solicitors, as well as engineers and project managers.

Guidebook on Risk Analysis Tools and Management Practices to Control Transportation Project Costs

Author : Keith Robert Molenaar
Publisher : Transportation Research Board
Page : 132 pages
File Size : 50,9 Mb
Release : 2010
Category : Project management
ISBN : 9780309154765

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Guidebook on Risk Analysis Tools and Management Practices to Control Transportation Project Costs by Keith Robert Molenaar Pdf

This guidebook provides guidance to state departments of transportation for using specific, practical, and risk-related management practices and analysis tools for managing and controlling transportation project costs. Containing a toolbox for agencies to use in selecting the appropriate strategies, methods and tools to apply in meeting their cost-estimation and cost-control objectives, this guidebook should be of immediate use to practitioners that are accountable for the accuracy and reliability of cost estimates during planning, priority programming and preconstruction.

Engineering Construction Risks

Author : Peter Allan Thompson,John G. Perry
Publisher : Thomas Telford
Page : 86 pages
File Size : 41,9 Mb
Release : 1992
Category : Business & Economics
ISBN : 0727716654

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Engineering Construction Risks by Peter Allan Thompson,John G. Perry Pdf

Risk analysis and management - an overview. When to apply risk management. Quantitative techniques for project risk analysis. Risk in estimating. Contract stategy...

Managing Risk in Construction Projects

Author : Nigel J. Smith,Tony Merna,Paul Jobling
Publisher : John Wiley & Sons
Page : 263 pages
File Size : 45,7 Mb
Release : 2014-02-03
Category : Technology & Engineering
ISBN : 9781118347232

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Managing Risk in Construction Projects by Nigel J. Smith,Tony Merna,Paul Jobling Pdf

Investment in any new project invariably carries risk but the construction industry is subject to more risk and uncertainty than perhaps any other industry. This guide for construction managers, project managers and quantity surveyors as well as for students shows how the risk management process improves decision-making. Managing Risk in Construction Projects offers practical guidance on identifying, assessing and managing risk and provides a sound basis for effective decision-making in conditions of uncertainty. The book focuses on theoretical aspects of risk management but also clarifies procedures for undertaking and utilising decisions. This blend of theory and practice is the real message of the book and, with a strong authorship team of practitioners and leading academics, the book provides an authoritative guide for practitioners having to manage real projects. It discusses a number of general concepts, including projects, project phases, and risk attitude before introducing various risk management techniques. This third edition has been extended to recognize the reality of multi-project or programme management and the risks in this context; to highlight the particular problems of risk in international joint ventures; and to provide more coverage of PFI and PPP. With case studies and examples of good practice, the book offers the distilled knowledge of over 100 man-years of experience in working on all aspects of project risk, giving sound practical guidance on identifying, assessing and managing risk.

Contractor and Client Relations to Assure Process Safety

Author : William F. Early, II
Publisher : John Wiley & Sons
Page : 97 pages
File Size : 47,7 Mb
Release : 2010-09-07
Category : Technology & Engineering
ISBN : 9780470935125

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Contractor and Client Relations to Assure Process Safety by William F. Early, II Pdf

Written and edited by engineering contractors and industry project/maintenance managers as an easy-to-use guide for other industry professionals, this book identifies important process safety issues in the contractor-client relationship,which are not addressed by other groups and publications. While the issues may arise at any point in the life cycle of a plant, they should be resolved early in the relationship to permit a clearer focus on process safety issues. Topics covered are a general discussion of contractor safety programs; EPC (engineering, procurement, construction) contractual bases and work division as they address regulatory PSM issues; subcontractor relationships; and managing contractor-client risks.

Project Management for Construction

Author : Chris Hendrickson,Tung Au
Publisher : Chris Hendrickson
Page : 425 pages
File Size : 44,9 Mb
Release : 1989
Category : Construction industry
ISBN : 9780137312665

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Project Management for Construction by Chris Hendrickson,Tung Au Pdf

Chances and Risks in Construction Management and Economics

Author : Christian Hofstadler,Markus Kummer
Publisher : Springer Nature
Page : 696 pages
File Size : 51,8 Mb
Release : 2021-06-20
Category : Technology & Engineering
ISBN : 9783030640149

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Chances and Risks in Construction Management and Economics by Christian Hofstadler,Markus Kummer Pdf

The book outlines the processes of calculating and critically reviewing construction costs and times for clients and contractors in different project phases. Any project or structural analysis should yield accurate information on times, costs, and prices. The related database is more or less uncertain depending on project complexity and the circumstances of work performance. It is thus recommended to use ranges of key input parameters. This approach consistently considers uncertainties within a holistic project view, thus enhancing the plausibility and validity of specific values. Only the integration of probabilistic methods will allow for calculating and graphically representing the chance/risk ratio as a crucial project variable ultimately influencing the entire business. This book examines the systemic modeling and consideration of uncertainties when determining construction costs and times, and life-cycle costs. It contains detailed descriptions of other decision-making processes, including project preparation and planning (developer calculation, soil survey, cost estimate), work preparation (costing, pricing, construction time evaluation, resource identification, comparison of construction methods, bid analysis, contract award), and project execution (site logistics, construction method selection, construction process planning, work coordination, sourcing, determination of additional costs, trend analyses), as well as for project portfolio management as a tool relevant to all phases.

Understanding Construction Contracts

Author : Akhtar Surahyo
Publisher : Springer
Page : 246 pages
File Size : 52,9 Mb
Release : 2017-10-18
Category : Technology & Engineering
ISBN : 9783319666853

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Understanding Construction Contracts by Akhtar Surahyo Pdf

This book provides an overall understanding of construction contracts, explaining a range of topics with in-depth examples, allowing engineers, site managers, architects, contractors, and other construction professionals in search of information on construction contracts to find it in one place. The volume further serves as a learning tool and a reference guide for students and instructors. Adopting a primarily Canadian perspective, the book provides references from two Standard Contract Documents CCDC (Canadian Construction Document Committee) and FIDIC (International Federation of Consulting Engineers) and briefly describes other major contract documents used within USA and UK construction industries.

International Construction Contract Law

Author : Lukas Klee
Publisher : John Wiley & Sons
Page : 864 pages
File Size : 44,7 Mb
Release : 2018-07-17
Category : Law
ISBN : 9781119430520

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International Construction Contract Law by Lukas Klee Pdf

The updated second edition of the practical guide to international construction contract law The revised second edition of International Construction Contract Law is a comprehensive book that offers an understanding of the legal and managerial aspects of large international construction projects. This practical resource presents an introduction to the global construction industry, reviews the basics of construction projects and examines the common risks inherent in construction projects. The author — an expert in international construction contracts — puts the focus on FIDIC standard forms and describes their use within various legal systems. This important text contains also a comparison of other common standard forms such as NEC, AIA and VOB, and explains how they are used in a global context. The revised edition of International Construction Contract Law offers additional vignettes on current subjects written by international panel of numerous contributors. Designed to be an accessible resource, the book includes a basic dictionary of construction contract terminology, many sample letters for Claim Management and a wealth of examples and case studies that offer helpful aids for construction practitioners. The second edition of the text includes: • Updated material in terms of new FIDIC and NEC Forms published in 2017 • Many additional vignettes that clearly exemplify the concepts presented within the text • Information that is appropriate for a global market, rather than oriented to any particular legal system • The essential tools that were highlighted the first edition such as sample letters, dictionary and more • A practical approach to the principles of International Construction Contract Law and construction contract management. Does not get bogged down with detailed legal jargon Written for consulting engineers, lawyers, clients, developers, contractors and construction managers worldwide, the second edition of International Construction Contract Law offers an essential guide to the legal and managerial aspects of large international construction projects.

The Encyclopedia of Associations and Information Sources for Architects, Designers, and Engineers

Author : Anonim
Publisher : M.E. Sharpe
Page : 836 pages
File Size : 49,9 Mb
Release : 2024-06-30
Category : Architecture
ISBN : 0765618435

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The Encyclopedia of Associations and Information Sources for Architects, Designers, and Engineers by Anonim Pdf

The Encyclopedia concentrates on resources that are useful, in an easy-to-use format to enable the Architect to access this wealth of knowledge. More than a simple listing, the Encyclopedia provides the "intelligence" to find, evaluate, and contact the resources that can save time and money in the day-to-day practice of an Architect. The Encyclopedia will have a system to indicate to readers which listings are the most targeted in terms of the "best" sources. There will be four indexes: Keyword index, Name index, Master Format index, and Acronym index.