Risk and Insurance in Construction

Author:   Nael G. Bunni (Nael Bunni & Associates, Ireland)
Publisher:   Taylor & Francis Ltd
Edition:   2nd New edition
ISBN:  

9780419213802


Pages:   496
Publication Date:   27 March 2003
Replaced By:   9781032119830
Format:   Hardback
Availability:   Awaiting stock   Availability explained


Our Price $686.40 Quantity:  
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Risk and Insurance in Construction


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Overview

Those involved in construction have to cope with so much learning in their own discipline that they shun further involvement in subjects such as insurance and law which in themselves are so deeply and intensely complex. However, insurance and law are interwoven in the basic procedures used in the construction industry for undertaking work, be they design, construction, supervision or operation, or any combination of them. Furthermore, they both interact with the theory of risk and the application of risk management. From the legal point, the interaction with risk emanates from the very purpose of the construction contract, which is to allocate the risks between the parties to which the project is exposed. From an insurance aspect, risk forms the basis of insurability and premium calculation. Insurance costs have escalated to become a major cost factor in any branch of the construction industry. Such escalation makes it essential for decisions-makers to have a thorough understanding of the risks, liabilities and indemnities which play an important role in forming the appropriate relationship between those involved. This thoroughly revised edition of Nael Bunni's successful book, formerly called Insurance in Construction, provides information on risk, construction law and construction insurance for those involved with all aspects of construction. The chapters on risk have been expanded to include recent developments in the area and provide further examples of events which could occur on what can be viewed as the most risky human work activity, namely construction. New chapters are also added to deal with the insurance clauses of the many new standard forms of contract published in recent years, including FIDIC's new suite of contracts published in September 1999, ICE's 7th edition of the civil engineering standard form of contract, and ICE's 2nd edition of the design/build form

Full Product Details

Author:   Nael G. Bunni (Nael Bunni & Associates, Ireland)
Publisher:   Taylor & Francis Ltd
Imprint:   Spon Press
Edition:   2nd New edition
Dimensions:   Width: 17.40cm , Height: 3.20cm , Length: 24.60cm
Weight:   1.021kg
ISBN:  

9780419213802


ISBN 10:   0419213805
Pages:   496
Publication Date:   27 March 2003
Audience:   College/higher education ,  General/trade ,  Tertiary & Higher Education ,  General
Replaced By:   9781032119830
Format:   Hardback
Publisher's Status:   Unknown
Availability:   Awaiting stock   Availability explained

Table of Contents

Preface. Foreword. Acknowledgements. 1. Interaction between Construction, Insurance and Law. 2. Hazards and Risks. 3. The Spectrum of Hazard and Risks in Construction. 4. The Risk as Classified in Standard Forms of Construction Contracts. 5. Responsibility and Liability in Construction. 6. Indemnity and Insurance. 7. The Insurance Scene. 8. The Insurance Clauses in Standard Forms of Contract. 9. The Insurance Clauses in FIDIC's Traditional Forms of Contract: A Proposed Redraft.10. The Insurance Clauses of the New FIDIC Forms of Contract. 11. The Insurance Clauses of the New 1999 FIDIC Forms of Contract: A Proposed Redraft. 12. Insurance Clauses of the New FIDIC Forms of Contract. 13. Professional Indemnity Insurance. 14. Alternative Methods of Insuring. Appendices. Case List. Index.

Reviews

Those of us in the industry, and amongst its clients, who are neither lawyers nor insurance professionals must welcome a treatise on construction insurance by a practising engineer who not only works in the construction trinity as a structural designer of high calibre but also has a long experience in, and a deep understanding of, the insurance world. - IABSE Bulletin; Dr Bunni's book is a wise, impartial and valuable survey of the hard actualities which are involved in the relationships between client, insurers, the law and the general public, as they concern the construction industry and the way in which construction insurance operates in this environment. - Lloyd's List; ...required reading of anyone who would propose to understand some of the problems of today's very complex construction process and the solutions to those problems. - Independent Consulting Engineer - We should all know, understand and interest ourselves in the risks of our business, for it is only the engineers who are able to identify the construction risks and therefore provide information for a contract which is based on principle of utmost good faith. This book succeeds better than any other I have seen in helping us to be able to do just that. - New Civil Engineer


From the reviews of the first edition: Those of us in the industry, and amongst its clients, who are neither lawyers nor insurance professionals must welcome a treatise on construction insurance by a practising engineer who not only works in the construction trinity as a structural designer of high calibre but also has a long experience in, and a deep understanding of, the insurance world. - IABSE Bulletin Dr Bunni's book is a wise, impartial and valuable survey of the hard actualities which are involved in the relationships between client, insurers, the law and the general public, as they concern the construction industry and the way in which construction insurance operates in this environment. - Lloyd's List ...required reading of anyone who would propose to understand some of the problems of today's very complex construction process and the solutions to those problems. - Independent Consulting Engineer We should all know, understand and interest ourselves in the risks of our business, for it is only the engineers who are able to identify the construction risks and therefore provide information for a contract which is based on principle of utmost good faith. This book succeeds better than any other I have seen in helping us to be able to do just that. - New Civil Engineer Second edition: I believe that the book could potentially inform the discerning building engineers about the complexities of insurance and law which influence the performance of their industry. It will...enlighten the readers on the nature of mutual misunderstandings held by society, clients of the industry and the legal profession, as mentioned in the Foreword, and make the readers aware of the adverse influence of such misunderstandings on resources and performance of the construction industry. - Building Engineer The text has been revised extensively and substantially re-written...This book should form part of the library of all professionals and contractors and those involved in insurance in the construction industry. - Irish Engineers Journal


Author Information

Dr Nael Bunni is a Chartered Engineer, Registered Chartered Arbitrator and Conciliator. He is Past President of the Association of Consulting Engineers of Ireland, Past Chairman of the Irish Branch of the Chartered Institute of Arbitrators; and the Past President of the Chartered Institute of Arbitrators, London. At present, he is a member of the Board of Directors of the London Court of International Arbitration and member of various Standing Committees of the Commission on International Arbitration of the ICC, Paris, including the Forum on ADR, the Construction Arbitration Section of the Forum on Arbitration and New Fields and the working Party on Turnkey Transactions of the Commission on International Commercial Practice. He is a member of ICCA and a Fellow of the Irish Academy of Engineering.

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