A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Coordinated Insurance for Major Construction Projects
Major construction projects normally contain major risks for all the parties involved; purchase of insurance often provides a shifting and reduction of risk. In many major construction endeavors the owner elects by developing a Coordinated Insurance Program to purchase some or all of the insurance for the other participants. Decisions concerning this program include the basic decision to establish such a program and the specific decisions of what form the program should take. The first basic decision is often made by the owner's in-house forces by evaluating a checklist of pros and cons. Specific program definition requires a thorough risk analysis of premium costs, absorbed losses, and impacts on incentives to perform.
Coordinated Insurance for Major Construction Projects
Major construction projects normally contain major risks for all the parties involved; purchase of insurance often provides a shifting and reduction of risk. In many major construction endeavors the owner elects by developing a Coordinated Insurance Program to purchase some or all of the insurance for the other participants. Decisions concerning this program include the basic decision to establish such a program and the specific decisions of what form the program should take. The first basic decision is often made by the owner's in-house forces by evaluating a checklist of pros and cons. Specific program definition requires a thorough risk analysis of premium costs, absorbed losses, and impacts on incentives to perform.
Coordinated Insurance for Major Construction Projects
Ashley, David B. (author)
Journal of the Construction Division ; 106 ; 307-313
2021-01-01
71980-01-01 pages
Article (Journal)
Electronic Resource
Unknown
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