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Available4.8
35 reviews
ISBN 10: 100322251X
ISBN 13: 9781003222514
Author: Nael G Bunni, Lydia B Bunni
The new 3rd edition of Nael Bunni’s Risk and Insurance in Construction, now co-authored with Lydia Bunni, explains the need for insurance in construction and engineering projects and why it must be incorporated into the Conditions of Contract for such projects. It is unique in bringing together the background of the two topics of 'risk' and 'construction insurance', explaining the flow and the interaction between them and then dealing with how they have been used to formulate the 2017 FIDIC Suite of Contracts and the 2021 Green Book. This edition has been fully updated, and new chapters deal with the latest definitions of 'risk' outlined in ISO 31000: 2009, and specifically explains the principles embodied in the new Clauses 17, 18 and 19 of the Major Suite of the FIDIC forms of contract and how they should be used. An important chapter (Chapter 5) is included, discussing the logical transition from decision-making to risk identification to responsibility for those allocated with particular risks, to the potential liability that results. This includes discussing particular liabilities that may arise for parties typically involved in construction and engineering projects, including developers, owners, contractors and designers. This part of the book links insurance to the law and explains the interaction between the two topics. The correlation between liability and the need for indemnity, which can only be provided properly through insurance, is highlighted. The book is essential reading for practitioners from both the engineering profession and the insurance industry in all types of projects. Engineers who are required to use one of the Major Forms of the FIDIC Suite of Contracts, whether they are designers or contractors, and those involved in the insurance sector, whether brokers, claim consultants or insurance company personnel, will find this book to be an indispensable reference.
Interaction between Construction, Insurance and Law
Hazards and Risks
The Spectrum of Hazards and Risks in Construction
Risks as Allocated and Classified in Standard Forms of Construction Contracts
Responsibility and Liability in Construction
Indemnity and Insurance
The Insurance Scene
Insurance Clauses in the Various FIDIC Standard Forms of Contract
Insurance Clauses of the 1999 FIDIC Forms of Contract
Risk and Insurance Clauses of the 2008 Gold Book
The 2017 FIDIC Forms of Contract – White, Red, Yellow and Silver Books
Risk and Insurance Clauses of the New 2017 FIDIC Forms of Contract – Clauses 17, 18 and 19
Risk and Insurance Clauses of the 2021 Green Book
Insurance Covers Required under the FIDIC Suite of Contracts
Professional Indemnity Insurance
Alternative Methods of Insuring
Tags: Nael G Bunni, Lydia B Bunni, Risk, Insurance
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