risk management and insurance in contracting

11
Risk Management and Insurance In Contracting What will I get from this session?

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Risk Management and Insurance In Contracting. What will I get from this session?. Albany-Rensselaer Train Station. Architectural –award-winning design. Careful Planning and Preparation. Hired attorney to formulate construction contracts. Required use of agreements. - PowerPoint PPT Presentation

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Page 1: Risk Management and Insurance In Contracting

Risk Management and InsuranceIn Contracting

What will I get from this session?

Page 2: Risk Management and Insurance In Contracting

Albany-Rensselaer Train Station

Architectural –award-winning design.

Page 3: Risk Management and Insurance In Contracting

Careful Planning and Preparation Hired attorney to formulate construction

contracts. Required use of agreements. State-of-the-art insurance requirements and

indemnity clause.

Page 4: Risk Management and Insurance In Contracting

Special Feature Clock Tower

Page 5: Risk Management and Insurance In Contracting

Big Visible Movement- Foucault Pendulum

Page 6: Risk Management and Insurance In Contracting

Problems With Cost of Project

Page 7: Risk Management and Insurance In Contracting

What was that clock going to cost?

Estimated $1.75 million Something had to go.

Page 8: Risk Management and Insurance In Contracting

Replacing Big Ben

1990’s Bus Shelter Clock

Page 9: Risk Management and Insurance In Contracting

Bought Clock for Clock Tower

Amount saved?..... $1.7 million?

Didn’t use contract documents…..

Page 10: Risk Management and Insurance In Contracting

60 Feet Above the Main Floor

Page 11: Risk Management and Insurance In Contracting

Installation IS Construction

Installer steps in hole… Awarded $2.9 million.