Spread the risk
Language: English Series: Contract Journal ; 434(6589) 23 August 2006, 6-7(2)Publication details: 2006Subject(s): Summary: Reports on the new Single Point Project (Financial Loss) Insurance (SPPI) scheme which has now been endorsed by the Public Sector Construction Clients Forum. SPPI covers the entire construction delivery team, from the client, consultant and contractors to the sub-contractors, for financial loss incurred on a project. It is anticipated that the scheme will drive down the cost of premiums and encourage greater integration. Although most insurers are supportive of the scheme, others, together with some lawyers and bankers, are more cautious.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L134663 (Browse shelf(Opens below)) | 1 | Available | 134663-1001 |
Reports on the new Single Point Project (Financial Loss) Insurance (SPPI) scheme which has now been endorsed by the Public Sector Construction Clients Forum. SPPI covers the entire construction delivery team, from the client, consultant and contractors to the sub-contractors, for financial loss incurred on a project. It is anticipated that the scheme will drive down the cost of premiums and encourage greater integration. Although most insurers are supportive of the scheme, others, together with some lawyers and bankers, are more cautious.