Let's be Belgian
Series: Building ; 269(8359) 26 November 2004, 51(1)Publication details: 2004Subject(s): Summary: Discusses approaches to managing risk in construction projects. Notes that the usual approach to this is to pass it down to others through contracts but this causes overlap and delay. Describes the concept of single project insurance which is a policy that covers the delivery team for financial loss incurred on the project. There is much support within the insurance industry for the idea and the concept is also being developed in other European countries such as Belgium and Luxembourg. It operates in conjunction with technical control where the team is monitored by an independent organisation voluntarily appointed by the client. This has advantages which include, putting safety at a premium and is where insurers can see their risk as being managed down to acceptable limits.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS68555 (Browse shelf(Opens below)) | 1 | Available | 128288-1001 |
Discusses approaches to managing risk in construction projects. Notes that the usual approach to this is to pass it down to others through contracts but this causes overlap and delay. Describes the concept of single project insurance which is a policy that covers the delivery team for financial loss incurred on the project. There is much support within the insurance industry for the idea and the concept is also being developed in other European countries such as Belgium and Luxembourg. It operates in conjunction with technical control where the team is monitored by an independent organisation voluntarily appointed by the client. This has advantages which include, putting safety at a premium and is where insurers can see their risk as being managed down to acceptable limits.