Post by rayancaleb on Jan 30, 2018 5:27:43 GMT -5
Hi,
The discussion on construction claims was very topical. As we know, the region is undergoing a huge expansion with a number of large high value construction projects, often funded by global investors who are less familiar with the region, receiving worldwide recognition; such as the Olympic project in Brazil, and the expansion of the Panama Canal. The question is whether the region is as up to date on best practices for delivery of such large scale projects as it could be. Whilst some projects are delivered in time and without problems, more commonly these large high value projects are riddled with issues. These range from design defects, for failure to invest in scale models at an earlier stage of the design process, to the extraordinarily challenging geotechnical issues that are prevalent in the region that often go undiscovered or, worse, ignored. There are several key problems that we encounter time and time again. These relate mainly to the lack of clarity between insurance products and, in particular, when, for example, the Construction All Risks policy (CAR) concludes and the operational policy kicks in.
Thanks!
For more details:
Digital Animation Video
The discussion on construction claims was very topical. As we know, the region is undergoing a huge expansion with a number of large high value construction projects, often funded by global investors who are less familiar with the region, receiving worldwide recognition; such as the Olympic project in Brazil, and the expansion of the Panama Canal. The question is whether the region is as up to date on best practices for delivery of such large scale projects as it could be. Whilst some projects are delivered in time and without problems, more commonly these large high value projects are riddled with issues. These range from design defects, for failure to invest in scale models at an earlier stage of the design process, to the extraordinarily challenging geotechnical issues that are prevalent in the region that often go undiscovered or, worse, ignored. There are several key problems that we encounter time and time again. These relate mainly to the lack of clarity between insurance products and, in particular, when, for example, the Construction All Risks policy (CAR) concludes and the operational policy kicks in.
Thanks!
For more details:
Digital Animation Video