Part 1 contains summary descriptions of the risks faced by house builders & renovators in a standardized format, arranged by risk category, that includes a definition of the risk and information on the average impact of the risk, causes of the risk, management strategies, and the types of insurance available to manage the risk. Case studies are included involving events that resulted in losses to the builder, the damages that resulted, the insurance coverage in effect, and the lessons learned. Part 2 identifies & analyzes the current issues faced by builders with respect to traditional insurance and the parameters on which such insurance is based. It also summarizes the various types of insurance policies available in order to educate builders to make well-informed insurance buying decisions. Part 3 compares various non-traditional insurance vehicles, including single insured programs, group programs, and captive programs. Part 4 describes the steps involved in moving to a captive insurance program. The last part is a builder's guide to construction risk management & insurance, and includes answers to frequently asked questions about residential construction insurance.

This highlight summarizes a study that documented the variability in residential construction insurance and analyzed alternative insurance options for builders. It reviews the key variable elements in insurance policies available to the construction industry, such as perils covered, policy exclusions, inclusion of soft costs, coverage for property in transit, and claim & coverage limits. It also summarizes alternatives such as reciprocal insurance exchange, captive insurance programs, and group funded deductible programs.

This guide has been prepared to provide new home builders and renovators with information about insurance and to assist them in making effective and knowledgeable decisions about purchasing insurance coverage. The guide is based on a report, Variability in Construction Insurance and Alternative Solutions, prepared by Marsh Canada Limited.This report was commissioned by Canada Mortgage and Housing Corporation (CMHC) to offer a comprehensive look at the risks in the construction industry and traditional and non-traditional means of insurance protection.

The #1 construction law guide for construction professionals Updated and expanded to reflect the most recent changes in construction law, this practical guide teaches readersthe difficult theories, principles, and established rules that regulate the construction business. It addresses the practical steps required to avoid and mitigate risks—whether the project is performed domestically or internationally, or whether it uses a traditional design-bid-build delivery system or one of the many alternative project delivery systems. Smith, Currie & Hancock's Common Sense Construction Law: A Practical Guide for the Construction Professional provides a comprehensive introduction to the important legal topics and questions affecting the construction industry today. This latest edition features: all-new coverage of Electronically Stored Information (ESI) and Integrated Project Delivery (IPD); extended information on the civil False Claims Act; and fully updated references to current AIA, ConsensusDocs, DBIA, and EJDC contract documents. Chapters coverthe legal context of construction; interpreting a contract; public-private partnerships (P3); design-build and EPC; and international construction contracts. Other topics include: management techniques to limit risks and avoid disputes; proving costs and damages, including for changes and claims for delay and disruption; construction insurance, including general liability, builders risk, professional liability, OCIP, CCIP, and OPPI; bankruptcy; federal government construction contracting; and more. Fully updated with comprehensive coverage of the significant legal topics and questions that affect the construction industry Discusses new project delivery methods including Public-Private Partnerships (P3) and Integrated Project Delivery (IPD) Presents new coverage of digital tools and processes including Electronically Stored Information (ESI) Provides extended and updated coverage of the civil False Claims Act as it relates to government construction contracting Filled with checklists, sample forms, and summary “Points to Remember” for each chapter, Smith, Currie & Hancock's Common Sense Construction Law: A Practical Guide for the Construction Professional, Sixth Edition is the perfect resource for construction firm managers, contractors, subcontractors, architects and engineers. It will also greatly benefit students in construction management, civil engineering, and architecture.

In this unique guide to the suite of contracts published by FIDIC (The International Federation of Consulting Engineers) - the contract forms most widely used for international construction undertakings - twenty-two outstanding authorities in construction law from a wide variety of countries, describe relevant likely pitfalls (and special opportunities) for foreign lawyers in each of their jurisdictions. This very useful book will be extremely welcome to in-house counsel who must evaluate the legal disposition of a proposed or pending construction contract subject to the laws of a foreign jurisdiction. It will continue to be of service as long as the project proceeds and beyond, particularly for the optimal resolution of disputes.

This report from the second Strategic Highway Research Program (SHRP 2), which is administered by the Transportation Research Board of the National Academies, sets out requirements for travel time reliability within a performance-based planning process. The research includes an effort to determine the economic value of improvements in travel time reliability by applying options theory from the financial sector. The report includes two succinct tables that describe requirements for person and freight trips for reliable transport, as well as a forecast of the year 2030 under alternative assumptions that may influence travel time reliability.