Risks of Residential Buildings

Size: px
Start display at page:

Download "Risks of Residential Buildings"

Transcription

1 Workshop 17 - Housing Renewal and Maintenance Risks of Residential Buildings Karel Kubečka Paper presented at the ENHR conference "Housing in an expanding Europe: theory, policy, participation and " Ljubljana, lovenia 2-5 July 2006

2 Risks of Residential Buildings Ing. Karel KUBEČKA, Ph.D. University of Technology, VŠB-TU Ostrava, Faculty of Civil Engineering, Department of tructures, Ludvíka Podéště 1875, Ostrava-Poruba, Czech Republic 1. Abstract. Each human activity is connected with a certain risk level. uch risk is viewed as a probability of injury, damage or failure depending on the type of the human activity. Typical risks of structures are mostly risks of the technical nature. The risk level, or the probability of a damage to or failure of building structures, in the building industry is eliminated by respective standards and regulations. This means that the observance of the existing standards and regulations eliminate most probable risks down to the level that is both socially and economically acceptable. In case of dimensioning of loadcarrying structures in constructions, the observance of the standards and regulations eliminates such risks completely. The definition of qualitative and quantitative risk. The discussion of the scenario role and other problems in the risk analysis. 2. Introduction. Each human activity is connected with a certain risk level. In activities that are generally referred to as the building industry, different risks exist. uch risks result from social conditions in the region or demography of people living there. For instance, if a market research is carried out incorrectly in terms of a purchasing power of residents, the final economic study is misleading, and a shopping centre might be built up in a place where the purchasing power of the people is low. In that case, the investment might be a failure. Typical risks of structures are mostly risks of the technical nature. uch risk is viewed as a probability of injury, damage or failure depending on the type of the human activity. The risk level, or the probability of a damage to or failure of building structures, in the building industry is eliminated by respective standards and regulations. This means that the observance of the existing standards and regulations eliminate most probable risks down to the level that is both socially and economically acceptable. In case of dimensioning of loadcarrying structures in constructions, the observance of the standards and regulations eliminates such risks completely. Risks of constructions ocial and demographic risks Technical risks of buildings and operation units In spite of this, failures and defects of structures may occur. From the point of view of economy, the number of such defects and failures is not negligible. Therefore, experts have been trying to develop methods that will reveal reasons for such defects and failures that occur even if all standards and regulations are fulfilled for the construction concerned. The objective is to minimise building risks down to the economically acceptable level or to eliminate such risks completely. The idea to minimise risks and eliminate the building defects and failures is not new at all. It became however topical after 1980 when a new generation of materials was introduced and started supporting prefabrication in the Czech building industry. This is, in particular, the case of materials thanks to which the building works are not season-dependant anymore. In connection with that idea, a new concept has been

3 developed Pathology of constructions [3]. This concept is addressed by the branch of science that deals with systematic failures, defects and accidents of constructions. It is essential to monitor such phenomena regularly, sort them out, generalise and analyse, the final objective being to define conditions that will minimise the risk levels. 3. Definition of Terms. In order to analyse a problem correctly, it is necessary to define properly terms that are used most frequently: Defect is a defective condition of a specific feature in a unit, in comparison with the required condition. Failure is a phenomenon when a product stops fulfilling the function required by technical conditions. In that case, the failure is demonstration of a defect. Quality of a product is a summary of features describing the ability of the product to fulfill the specific function. ervice life is the ability of the product to fulfil for a certain period of time the specific function required by technical conditions. 4. Defects and Failures of Constructions. Classification of Defects and Failures. DEFECT OF CONTRUCTIN minor serious By stages: pre-project project prep. use and maintenance after designed service life D E F E C T F A I L U R E sudden gradual By types residential civil industrial transport utility complete partial Defects of constructions or parts of constructions that manifest themselves as risk-involving failures can be classified in order to facilitate application of knowledge about the defects and failures. Classification by time characteristics of the failure: sudden failure gradual failure Classification by types of constructions: residential constructions (house buildings) civil constructions (buildings civil amenities) industrial constructions (industrial buildings for production and administration) transport constructions (transport related structures such as roads, railways, and airports including tunnels and bridges) line constructions (distribution of utilities, supporting and protection walls, piping collectors) Classification by the extent of the defect (being the reason for the failure): minor (non-serious) defects that do not reduce considerably applicability of the product for a specific purpose, including aesthetic defects serious defects that might result in breakdown or limited/reduced applicability of a productcritical defects may, on the basis of theoretical assumptions and/or current knowledge and experience, result in dangerous consequences for those who use such product and/or those who are present close to such product

4 5. Using of Knowledge about Defects and Failures for Minimising of Risks for Constructions. The practice has shown that the extent and gravity of the failures is the basis for the decision-making on the method and level used for the sharing of information. Currently, the information is disseminated at the level of experts in specialised seminars, conferences, and journals. In case of accidents, assessment is often provided by communication agencies including mass media governed by the public law. Business policies of individual companies play also an important role. Consequently, some negative phenomena are not published at all in order to protect company s reputation. In past, the more serious was the failure (or accident), the better was the feedback to the production or project organisation. Construction pre-project project use and maintenance FAILURE OF THE CONTRUCTION A N A L Y I normal function CORRECTION 6. Technical Risks of Constructions. Risks can be divided on the basis of different aspects relating to the construction and building activities. Individual topics are given in subsequent chapters pursuant to the time schedule of the building process. Construction Risks (technical risks) pre-project use and maintenance project risks after end of service life

5 7. Definition of Technical Risk The risk is generally defined as a product of an expected damage C and probability Pf of occurrence of such damage. This means the risk is the probability that the damage will occur. R = C P f (1) If several partial factors influence the risk level (as the case is in most applications in practice), the resulting risk is generally expressed as the sum of the individual risk levels. n ( C i P f;i ) R = (2) i= 1 Technical risks of the construction are risks connected with the, building, and use of the construction. The technical risks relate to the creation, existence, and removal, if any, of the building (as well as of technical facilities necessary for operation of the building). The technical risks of the construction are not risks relating to violation of occupational safety and protection that may result in work injuries during the performance of the construction for technology reasons, or social problems connected the building (such as a too big building with many cheap flats), or economic risks of the construction. The general division of the risks is given by the chronology of the construction and service life of the building. The risks can be classified as risks connected with: the period of pre-project of the construction the period of project of the construction the period of of the construction the period of the performance of the construction the period of use and service life of the construction the period after end of the designed service life of the construction The risks can be also classified in terms of the origin and different views relating to specific stages of the building process - from the pre-project to the demolition of the construction after its service life is over: Risks relating to violation of standards o Violation of technology procedures o Violation of technology and subsequent defect of materials Risks relating to poor knowledge of site conditions and absence of source documents (for instance, insufficient geological survey) Risks relating to failure of a human factor o in the survey o in the pre-project and/or project o during the construction o during the service life in relation with the maintenance of the construction Risks relating to unexpected facts that are not covered by human knowledge Risks relating to wilful violation of anticipated facts Denotations of symbols C expected loss [ ] P f probability failure [%] References [1] Závěrečná zpráva za rok CIDEA, VŠB-TU Ostrava, Fakulta stavební, prosinec 2005 (Final Report for 2005 CIDEA, Faculty of Technology VŠB-TU Ostrava, Faculty of Civil Engineering, December 2005) [2] Teplý B.: cénáře a analýza rizik, tavební fakulta VUT v Brně (Risk cenarios and Risk Analyses) [3] JEŽÍK A.: TaZU Brno, Vady a poruchy staveb a zvyšování jakosti ve stavebnictví, časopis Pozemní stavby 5/1986. (Failures and Defects of Constructions. Improving Quality in Building Industry) [4] KUBEČKA K., KREJA M., JONOV D.: Rizika modelování nosných konstrukcí střech. Mezinárodní konference Modelování v mechanice, VŠB-TU Ostrava, Fakulta stavební, Katedra stavební mechaniky února 2006, IBN , strana 41. cénáře a analýza rizik, tavební fakulta VUT v Brně (Risks in Modelling of Roof Carrying tructures) [5] KUBEČKA K: Aktuální problém - zatížení sněhem. Časopis třechy, fasády, izolace II/2006, IN: , strana (Topical Issues now Loads) [6] KUBEČKA K: kutečné zatížení střešních konstrukcí sněhovou pokrývkou. Časopis třechy, fasády, izolace III/2006, IN: , strana (Real Loading of Roof tructures with now)

6 [7] KUBEČKA K: Zatížení střech sněhem podle ČN EN ( ). Časopis třechy, fasády, izolace III/2006, IN: , strana (Loading of Roofs with now pursuant to ČN EN ( ) This outcome has been achieved with the financial support of the Ministry of Education, Youth and port, project No.1M , within activities of the CIDEA research centre.

Risk assessments of contemporary accidents in construction industry

Risk assessments of contemporary accidents in construction industry Risk assessments of contemporary accidents in construction industry Michal Kraus 1,* 1 Institute of Technology and Business in České Budějovice, Department of Civil Engineering, 70 01 České Budějovice,

More information

Potential of Using Design-Build in Public Procurement

Potential of Using Design-Build in Public Procurement Applied Finance and Accounting Vol. 2, No. 2, August 2016 ISSN 2374-2410 E-ISSN 2374-2429 Published by Redfame Publishing URL: http://afa.redfame.com Potential of Using Design-Build in Public Procurement

More information

Электронный архив УГЛТУ

Электронный архив УГЛТУ pansion and the dynamic development of the profession and practice in the Czech Republic. Currently, no comprehensive system of education - substitutes for Facility Management. You can name just one week

More information

DURABILITY, RELIABILITY, SUSTAINABILITY AND CLIENT S DECISION

DURABILITY, RELIABILITY, SUSTAINABILITY AND CLIENT S DECISION DURABILITY, RELIABILITY, SUSTAINABILITY AND CLIENT S DECISION Břetislav Teplý Summary The performance-based approaches, sustainability and whole life costing have gained considerable attention in recent

More information

APPLICATION OF FORMAL SAFETY ASSESSMENT IN THE LEGAL ACTIVITY OF INTERNATIONAL MARITIME

APPLICATION OF FORMAL SAFETY ASSESSMENT IN THE LEGAL ACTIVITY OF INTERNATIONAL MARITIME Journal of KONES Powertrain and Transport, Vol. 21, No. 4 2014 ISSN: 1231-4005 e-issn: 2354-0133 ICID: 1130510 DOI: 10.5604/12314005.1130510 APPLICATION OF FORMAL SAFETY ASSESSMENT IN THE LEGAL ACTIVITY

More information

THE DEVELOPMENT OF ENFORCING RECEIVABLES IN THE CZECH REPUBLIC

THE DEVELOPMENT OF ENFORCING RECEIVABLES IN THE CZECH REPUBLIC THE DEVELOPMENT OF ENFORCING RECEIVABLES IN THE CZECH REPUBLIC Abstract Luboš Smrčka Markéta Arltová This paper is focused on a enforcing receivables process in the Czech Republic. There are two basic

More information

The Relationship among Stock Prices, Inflation and Money Supply in the United States

The Relationship among Stock Prices, Inflation and Money Supply in the United States The Relationship among Stock Prices, Inflation and Money Supply in the United States Radim GOTTWALD Abstract Many researchers have investigated the relationship among stock prices, inflation and money

More information

AAS BTA Baltic Insurance Company Risks and Risk Management

AAS BTA Baltic Insurance Company Risks and Risk Management AAS BTA Baltic Insurance Company Risks and Risk Management December 2017 1 RISK MANAGEMENT SYSTEM The business of insurance represents the transfer of risk from the insurance policy holder to the insurer

More information

Dilemmas in risk assessment

Dilemmas in risk assessment Dilemmas in risk assessment IRS, Stockholm www.irisk.se Perspectives: Accidents & Safety Industry Occupational safety Medical services Transport Energy etc. Themes Terminology and concepts Risk assessment

More information

The current state of business risk management in the Czech Republic

The current state of business risk management in the Czech Republic IBIMA Publishing Journal of Eastern Europe Research in Business & Economics http://www.ibimapublishing.com/journals/jeerbe/jeerbe.html Vol. 2016 (2016), Article ID 601163, 7 pages DOI: 10.5171/2016.601163

More information

AMENDMENTS by the Committee on Civil Liberties, Justice and Home Affairs

AMENDMENTS by the Committee on Civil Liberties, Justice and Home Affairs 11.2.2019 A8-0069/ 001-029 AMDMTS 001-029 by the Committee on Civil Liberties, Justice and Home Affairs Report Dennis de Jong A8-0069/2019 Exchange, assistance and training programme for the protection

More information

RISK REGISTERS IN CONSTRUCTION IN CROATIA

RISK REGISTERS IN CONSTRUCTION IN CROATIA RISK REGISTERS IN CONSTRUCTION IN CROATIA Ivana Burcar 1 and Mladen Radujkovic 2 1,2 Department of Construction Management, Faculty of Civil Engineering, University of Zagreb, Kaciceva 26, 10 000 Zagreb,

More information

ASPECTS REGARDING THE QUALITATIVE ANALYSIS OF RISKS DUE TO THE OCCURRENCE OF LOW PROBABILITY AND VERY HIGH IMPACT EVENTS

ASPECTS REGARDING THE QUALITATIVE ANALYSIS OF RISKS DUE TO THE OCCURRENCE OF LOW PROBABILITY AND VERY HIGH IMPACT EVENTS Review of the Air Force Academy No 1 (31) 2016 ASPECTS REGARDING THE QUALITATIVE ANALYSIS OF RISKS DUE TO THE OCCURRENCE OF LOW PROBABILITY AND VERY HIGH IMPACT EVENTS Florin-Catalin OLTEANU*, Catalin

More information

1 INTRODUCTION. Abstract

1 INTRODUCTION. Abstract CONTROLLING CLAIMS AND LIABILITIES AND ITS USE FOR IDENTIFICATION OF BANKRUPTCY CONTROLLING POHLEDÁVEK A ZÁVAZKŮ A JEHO VYUŽITÍ PŘI IDENTIFIKACI ÚPADKU PODNIKU Michaela STERNADELOVÁ Ing., Institute of

More information

Construction OS&H Processes and systems

Construction OS&H Processes and systems Construction OS&H Processes and systems Summary Brief review of systems theory and practice: Systems theory at a glance ILO-OSH 2001: Guidelines on occupational safety & health management systems Hazards

More information

Study on Principle of Product Defect Identification

Study on Principle of Product Defect Identification Available online at www.sciencedirect.com Procedia Engineering 43 (2012 ) 393 398 International Symposium on Safety Science and Engineering in China, 2012 (ISSSE-2012) Study on Principle of Product Defect

More information

Evaluation of Construction Risks Impact on Construction Project Manager s

Evaluation of Construction Risks Impact on Construction Project Manager s International Journal of Engineering Research and Development e-issn: 2278-067X, p-issn: 2278-800X, www.ijerd.com Volume 10, Issue 5 (May 2014), PP.01-05 Evaluation of Construction Risks Impact on Construction

More information

Modelling insured catastrophe losses

Modelling insured catastrophe losses Modelling insured catastrophe losses Pavla Jindrová 1, Monika Papoušková 2 Abstract Catastrophic events affect various regions of the world with increasing frequency and intensity. Large catastrophic events

More information

European Railway Agency Recommendation on the 1 st set of Common Safety Methods (ERA-REC SAF)

European Railway Agency Recommendation on the 1 st set of Common Safety Methods (ERA-REC SAF) European Railway Agency Recommendation on the 1 st set of Common Safety Methods (ERA-REC-02-2007-SAF) The Director, Having regard to the Directive 2004/49/EC 1 of the European Parliament, Having regard

More information

Common Safety Methods CSM

Common Safety Methods CSM Common Safety Methods CSM A common safety method on risk evaluation and assessment Directive 2004/49/EC, Article 6(3)(a) Presented by: matti.katajala@safetyadvisor.fi / www.safetyadvisor.fi Motivation

More information

Ministry of Economic Affairs and Communications. Estonian Safety Investigation Bureau. Report of the railway accidents. investigated in 2012

Ministry of Economic Affairs and Communications. Estonian Safety Investigation Bureau. Report of the railway accidents. investigated in 2012 Ministry of Economic Affairs and Communications Report of the railway accidents investigated in 2012 Tallinn 2013 Public railways in the Republic of Estonia 2 Preface to the report This annual report is

More information

1. Introduction. 2. Methodology

1. Introduction. 2. Methodology COMMUNICATION PARTICULARITIES SPECIFIC TO RELATIONSHIP MARKETING CASE STUDY: INTERACTIVE COMMUNICATION AND EMOTIONAL COMMITMENT BASED ON AGE GROUP OF CLIENTS NEAGOE Cristina Teaching assistant PhD, Faculty

More information

COMMISSION DELEGATED REGULATION (EU) /... of

COMMISSION DELEGATED REGULATION (EU) /... of EUROPEAN COMMISSION Brussels, 21.9.2017 C(2017) 6218 final COMMISSION DELEGATED REGULATION (EU) /... of 21.9.2017 supplementing Directive (EU) 2016/97 of the European Parliament and of the Council with

More information

machine design, Vol.7(2015) No.4, ISSN pp

machine design, Vol.7(2015) No.4, ISSN pp machine design, Vol.7(205) No.4, ISSN 82-259 pp. 9-24 Research paper ANALYSIS AND RISK ASSESSMENT OF IMPLEMENTATION OF THE AUTOMATED CAR PARKING SYSTEM PROJECT Radoslav TOMOVIĆ, * - Rade GRUJIČIĆ University

More information

Practical assessment: Various tasks demonstrating applied practical processes

Practical assessment: Various tasks demonstrating applied practical processes Accounting 2010 Sample assessment instrument Practical assessment: Various tasks demonstrating applied These samples have been compiled by the QSA to help teachers plan and develop assessment instruments

More information

Regional Policy in the Czech Republic in the Period Around Its Accession to the European Union

Regional Policy in the Czech Republic in the Period Around Its Accession to the European Union Regional Policy in the Czech Republic in the Period Around Its Accession to the European Union Vladimír Sodomka This study analyses critical issues of the preparation for using structural assistance in

More information

Analysis of Insurance Undertakings Preparedness for Solvency II. October 2010

Analysis of Insurance Undertakings Preparedness for Solvency II. October 2010 Analysis of Insurance Undertakings Preparedness for Solvency II October 2010 Contents Introduction...2 1. General...3 1.1 Analyses in insurance undertakings and schedule of preparations...3 1.2 IT systems

More information

NEGOTIATION REVIEW. Negotiating Risk By Roger Greenfield. thegappartnership.com

NEGOTIATION REVIEW. Negotiating Risk By Roger Greenfield. thegappartnership.com NEGOTIATION REVIEW Negotiating Risk By Roger Greenfield contact@thegappartnership.com thegappartnership.com Negotiating risk Risk: one of the most under valued variables available during contract negotiations.

More information

Managing Retirement Doing the right thing by employees (and by the organisation)

Managing Retirement Doing the right thing by employees (and by the organisation) Managing Retirement Doing the right thing by employees (and by the organisation) 1. Introduction This paper addresses the challenges facing organisations in managing retirement today and in the future.

More information

Methodological and organizational problems of professional risk management in construction

Methodological and organizational problems of professional risk management in construction Methodological and organizational problems of professional risk management in construction Evgeny Sugak 1* 1 Moscow State University of Civil Engineering, Yaroslavskoe shosse, 26, Moscow, 129337, Russia

More information

THE ROLE, SIGNIFICANCE AND TREND OF CONSTRUCTION SECTOR IN MACEDONIA

THE ROLE, SIGNIFICANCE AND TREND OF CONSTRUCTION SECTOR IN MACEDONIA UDC 330.354:69(497.7) THE ROLE, SIGNIFICANCE AND TREND OF CONSTRUCTION SECTOR IN MACEDONIA Gjorgji Gockov, Ph.D., Faculty of Economics - Skopje Daniela Mamucevska, M.Sc., Faculty of Economics - Skopje

More information

Risk Management Policies and Procedures

Risk Management Policies and Procedures Risk Management Policies and Procedures As at May 5 2017 Masters Swimming Australia ABN 24 694 633 156 Level 2, Sports House, 375 Albert Road, Albert Park 3206 t: (03) 9682 5666 e: gm@mastersswimming.org.au

More information

STRESS TESTING GUIDELINE

STRESS TESTING GUIDELINE c DRAFT STRESS TESTING GUIDELINE November 2011 TABLE OF CONTENTS Preamble... 2 Introduction... 3 Coming into effect and updating... 6 1. Stress testing... 7 A. Concept... 7 B. Approaches underlying stress

More information

RISK AND OPPORTUNITY ASSESSMENT GUIDE RISK CRITERIA

RISK AND OPPORTUNITY ASSESSMENT GUIDE RISK CRITERIA RISK AND OPPORTUNITY ASSESSMENT GUIDE RISK ASSESSMENT GUIDE TABLE OF CONTENTS 1. PURPOSE... 3 2. SCOPE... 3 3. RELATED DOCUMENTS... 3 4. PROCEDURE... 3 5. RISK MANAGEMENT PROCESS... 3 6. STEP 1 RISK ANALYSIS...

More information

STATISTICAL EVALUATION OF THE DEGREE OF NOMINAL CONVERGENCE OF THE INFLATION RATE IN ROMANIA

STATISTICAL EVALUATION OF THE DEGREE OF NOMINAL CONVERGENCE OF THE INFLATION RATE IN ROMANIA STATISTICAL EVALUATION OF THE DEGREE OF NOMINAL CONVERGENCE OF THE INFLATION RATE IN ROMANIA PhD Candidate Mihai GHEORGHE Abstract Nominal convergence is a process that is characterised by the gradual

More information

Use of fair value in agriculture

Use of fair value in agriculture Use of fair value in agriculture Ing. Lucie Bartůňková, Ph.D., Ing. et Ing. Pavel Semerád, Department of Accounting and Taxes, Faculty of Business and Economics, Mendel University in Brno, xbartunk@node.mendelu.cz,

More information

MODEL VULNERABILITY Author: Mohammad Zolfaghari CatRisk Solutions

MODEL VULNERABILITY Author: Mohammad Zolfaghari CatRisk Solutions BACKGROUND A catastrophe hazard module provides probabilistic distribution of hazard intensity measure (IM) for each location. Buildings exposed to catastrophe hazards behave differently based on their

More information

Table Of Content. The Celebration of 10th European Donation Day... 2 Summary... 3 Coordinator, Leader contact and partners Outputs...

Table Of Content. The Celebration of 10th European Donation Day... 2 Summary... 3 Coordinator, Leader contact and partners Outputs... Table Of Content The Celebration of 10th European Donation Day... 2 Summary... 3 Coordinator, Leader contact and partners... 4 CZECH NATIONAL COORDINATING CENTRE, INSTITUT KLINICKE A EXPERIMENTALNI MEDICINY...

More information

RISKS IN PLM PLANNING

RISKS IN PLM PLANNING 8th International DAAAM Baltic Conference "INDUSTRIAL ENGINEERING 19-21 April 2012, Tallinn, Estonia RISKS IN PLM PLANNING Čechová, L.; Horejc, J. Abstract: This paper deals with risk that can occur during

More information

33. Government financial support to local authorities

33. Government financial support to local authorities 33. Government financial support to local authorities Summary Specific government financial support to local authorities during or after an emergency is based on a range of mandates, criteria, and triggers,

More information

THE INTERNATIONAL COMPETITIVENESS OF ECONOMIES IN TRANSITION THE UNTAPPED POTENTIAL: A CHALLENGE FOR BUSINESS AND GOVERNMENT MOLDOVA

THE INTERNATIONAL COMPETITIVENESS OF ECONOMIES IN TRANSITION THE UNTAPPED POTENTIAL: A CHALLENGE FOR BUSINESS AND GOVERNMENT MOLDOVA THE INTERNATIONAL COMPETITIVENESS OF ECONOMIES IN TRANSITION THE UNTAPPED POTENTIAL: A CHALLENGE FOR BUSINESS AND GOVERNMENT MOLDOVA A STRATEGIC APPROACH TO COMPETITIVENESS SCOPE, FOCUS AND PROCESS Sofía,

More information

Methods for Overcoming the Financial Crisis of Enterprises

Methods for Overcoming the Financial Crisis of Enterprises Economy Transdisciplinarity Cognition www.ugb.ro/etc Vol. 18, Issue 1/2015 111-116 Methods for Overcoming the Financial Crisis of Enterprises Inga ZUGRAV Trade Co-operative University of Moldova, Chisinau,

More information

The Role of International Financial Reporting Standards in Reducing the Financial Risks

The Role of International Financial Reporting Standards in Reducing the Financial Risks The Role of International Financial Reporting Standards in Reducing the Financial Risks Thabit Hassan Thabit 1, Hamed Adel Abbas Alnasrawi 2 1 Department of Accounting, Faculty of Administration and Financial

More information

GENERAL INSURANCE TERMS AND CONDITIONS AND ADDITIONAL DAMAGE WAIVERS

GENERAL INSURANCE TERMS AND CONDITIONS AND ADDITIONAL DAMAGE WAIVERS GENERAL INSURANCE TERMS AND CONDITIONS AND ADDITIONAL DAMAGE WAIVERS Our company SNL, a French company with capital of 585.000, whose headquarters is located Zone Loueurs - Aéroport Pôle Caraïbes 97139

More information

Accident and Incident Reporting and Investigation

Accident and Incident Reporting and Investigation Accident and Incident Reporting and Investigation 1 PURPOSE 1.1 The purpose of this Procedure is to specify the minimum actions that should be taken following an accident or incident. Accident / Incident

More information

Study of Factors Affecting Conservatism in Iran Financial Reporting

Study of Factors Affecting Conservatism in Iran Financial Reporting Study of Factors Affecting Conservatism in Iran Financial Reporting Seyyed Mirbakhsh Kamrani Mosavi PhD student of Accounting, Department of Accounting, College of Management and Economics, Tehran Science

More information

ALTERNATIVE WAYS FOR EXPRESSING THE LEVEL OF UNEMPLOYMENT IN OSTRAVA Milan Šimek 1.

ALTERNATIVE WAYS FOR EXPRESSING THE LEVEL OF UNEMPLOYMENT IN OSTRAVA Milan Šimek 1. ALTERNATIVE WAYS FOR EXPRESSING THE LEVEL OF UNEMPLOYMENT IN OSTRAVA Milan Šimek 1 1 VSB-Technical University of Ostrava, Faculty of Economics, Sokolská třída 33, 701 21 Ostrava Email: milan.simek@vsb.cz

More information

THE ABSTRACT OF THE Ph.D. THESIS

THE ABSTRACT OF THE Ph.D. THESIS THE ABSTRACT OF THE Ph.D. THESIS ON The investigation of Risk Analysis and Risk management in selected branches of Cooperative banks in Pune Submitted to the University of Pune, Pune Faculty OF Management

More information

Communication Tool in Central Banking. Increasing its Role for the New Reality

Communication Tool in Central Banking. Increasing its Role for the New Reality Communication Tool in ing. Increasing its Role for the New Reality Criste Adina Lupu Iulia Victor Slăvescu Centre for Financial and Monetary Research criste.adina@gmail.com iulia_lupu@icfm.ro Abstract

More information

ERAC 1202/17 MI/evt 1 DG G 3 C

ERAC 1202/17 MI/evt 1 DG G 3 C EUROPEAN UNION EUROPEAN RESEARCH AREA AND INNOVATION COMMITTEE ERAC Secretariat Brussels, 2 March 2017 (OR. en) ERAC 1202/17 NOTE From: To: Subject: ERAC Secretariat Delegations ERAC Opinion on Streamlining

More information

The Manor House Phone: , Fax:

The Manor House Phone: , Fax: The Manor House Phone: 0129722433, Fax: 0129721175 Accident and Incident Reporting Policy and Procedure Amended on 02/03/2016 Purpose To comply with statutes, regulations and quality standards. To ensure

More information

Enhancing Budget Literacy in Russia: Approaches, Latest Developments and First Lessons Learnt

Enhancing Budget Literacy in Russia: Approaches, Latest Developments and First Lessons Learnt Enhancing Budget Literacy in Russia: Approaches, Latest Developments and First Lessons Learnt Deputy Director, Budget Policy Department Минфин России Andrey Alexeevich Blokhin 2 Building a multidimensional

More information

Feasibility Study of construction project in compliance with Bank Investment Supervision requirements

Feasibility Study of construction project in compliance with Bank Investment Supervision requirements Feasibility Study of construction project in compliance with Bank Investment Supervision requirements JarosławKonior * Department of Construction Technology and Management, Faculty of Civil Engineering,

More information

MITIGATION OF HYDRO PROJECT DEVELOPMENT RISK - INSURANCE NEED

MITIGATION OF HYDRO PROJECT DEVELOPMENT RISK - INSURANCE NEED MITIGATION OF HYDRO PROJECT DEVELOPMENT RISK - INSURANCE NEED Alok Choubey, GM- Hydro Projects ABSTRACT Development of Infrastructure projects including Hydro Power Projects are becoming riskier due to

More information

CONSTRUCTION SAFETY MANAGEMENT USING FMEA TECHNIQUE: FOCUSING ON THE CASES OF STEEL FRAME WORK

CONSTRUCTION SAFETY MANAGEMENT USING FMEA TECHNIQUE: FOCUSING ON THE CASES OF STEEL FRAME WORK CONSTRUCTION SAFETY MANAGEMENT USING FMEA TECHNIQUE: FOCUSING ON THE CASES OF STEEL FRAME WORK Ji-Won Song 1, Jung-Ho Yu and Chang-Duk Kim Department of Construction Engineering, University of Kwang-woon,

More information

Overview and Lessons. Center for Performance Evaluation and Management Korea Institute of Public Finance 1

Overview and Lessons. Center for Performance Evaluation and Management Korea Institute of Public Finance 1 Performance Budgeting in Korea: Overview and Lessons Nowook Park Center for Performance Evaluation and Management Korea Institute of Public Finance 1 Country Background Overview of Performance Management

More information

Strategic report. Corporate governance. Financial statements. Financial statements

Strategic report. Corporate governance. Financial statements. Financial statements Strategic report Corporate governance Financial statements 76 Statement of Directors responsibilities 77 Independent auditor s report to the members of Tesco PLC 85 Group income statement 86 Group statement

More information

Subject ST9 Enterprise Risk Management Syllabus

Subject ST9 Enterprise Risk Management Syllabus Subject ST9 Enterprise Risk Management Syllabus for the 2018 exams 1 June 2017 Aim The aim of the Enterprise Risk Management (ERM) Specialist Technical subject is to instil in successful candidates the

More information

Work Health and Safety Conditions

Work Health and Safety Conditions Work Health and Safety Conditions Table of Contents PURPOSE AND SCOPE... 1 RESPONSIBILITIES... 1 DEFINITIONS, ABBREVIATIONS AND ACRONYMS... 1 GENERAL WH&S & ELECTRICAL SAFETY REQUIREMENTS... 1 Compliance...

More information

The Challenges of Accounting Standards in Intellectual Property s Reporting, an Albanian Approach

The Challenges of Accounting Standards in Intellectual Property s Reporting, an Albanian Approach The Challenges of Accounting Standards in Intellectual Property s Reporting, an Albanian Approach Phd. Candidate Marsel Sulanjaku Doi:10.5901/jesr.2014.v4n4p442 Lecturer at A.Xhuvani University, Faculty

More information

Contractors General Liability Application

Contractors General Liability Application SURPLEX UNDERWRITERS, INC. www.surplexuw.com SURPLEX UNDERWRITERS, PO BOX 998 PORTLAND, ME. 04104, FAX 207-856-0260, PHONE 800-441-1799 SURPLEX UNDERWRITERS, PO BOX 10477, BEDFORD, NH. 03110, FAX 603-625-4869,

More information

RISK IDENTIFICATION ANALYSIS IN CONSTRUCTION PROJECT

RISK IDENTIFICATION ANALYSIS IN CONSTRUCTION PROJECT RISK IDENTIFICATION ANALYSIS IN CONSTRUCTION PROJECT Dr. Neeraj D. Sharma 1, Hiren A. Rathod 2 Professor, Civil Engineering Department, S.N.P.I.T&R.C., Umrakh, Gujarat, India 1 Asst. Professor, Civil Engg.

More information

Finansinspektionen s Regulatory Code

Finansinspektionen s Regulatory Code Finansinspektionen s Regulatory Code Publisher: Finansinspektionen, Sweden, www.fi.se ISSN 1102-7460 Finansinspektionen s Regulations and General Guidelines regarding the management of operational risks;

More information

Tangible Assets Threats and Hazards: Risk Assessment and Management in the Port Domain

Tangible Assets Threats and Hazards: Risk Assessment and Management in the Port Domain Journal of Traffic and Transportation Engineering 5 (2017) 271-278 doi: 10.17265/2328-2142/2017.05.004 D DAVID PUBLISHING Tangible Assets Threats and Hazards: Risk Assessment and Management in the Port

More information

Risk Management at the Deutsche Bundesbank March 2011

Risk Management at the Deutsche Bundesbank March 2011 Risk Management at the Deutsche Bundesbank March 2011 (C) Deutsche Bundesbank - Division Organisation 1 Agenda Definition of risk management [3] Factors of influence to review the RM set up [4] The Framework

More information

Study on Characteristics of the Financial Report Restatements

Study on Characteristics of the Financial Report Restatements Open Journal of Social Sciences, 2015, 3, 1-7 Published Online November 2015 in SciRes. http://www.scirp.org/journal/jss http://dx.doi.org/10.4236/jss.2015.311001 Study on Characteristics of the Financial

More information

Disasters and Localities. Dr. Tonya T. Neaves Director Centers on the Public Service Schar School of Policy and Government

Disasters and Localities. Dr. Tonya T. Neaves Director Centers on the Public Service Schar School of Policy and Government Disasters and Localities Dr. Tonya T. Neaves Director Centers on the Public Service Schar School of Policy and Government INTRODUCTION Risk to disasters is increasing Population growth will inherently

More information

Subject SP9 Enterprise Risk Management Specialist Principles Syllabus

Subject SP9 Enterprise Risk Management Specialist Principles Syllabus Subject SP9 Enterprise Risk Management Specialist Principles Syllabus for the 2019 exams 1 June 2018 Enterprise Risk Management Specialist Principles Aim The aim of the Enterprise Risk Management (ERM)

More information

Differentiation of the assessment of identified risks in the process of preparing and creating a municipal land plan

Differentiation of the assessment of identified risks in the process of preparing and creating a municipal land plan This paper is part of the Proceedings of the 11 International Conference th on Urban Regeneration and Sustainability (SC 2016) www.witconferences.com Differentiation of the assessment of identified risks

More information

Aim and Scope of this Second Party Opinion

Aim and Scope of this Second Party Opinion Assessment of the Sustainability Quality of the Social Bond Programme of Bayerische Landesbodenkreditanstalt Aim and Scope of this Second Party Opinion Bayerische Landesbodenkreditanstalt (BayernLabo)

More information

Industrial Accident Risk Assessment Procedures and Risk Reduction Measures

Industrial Accident Risk Assessment Procedures and Risk Reduction Measures Republic of Latvia Cabinet Regulation No. 131 Adopted 1 March 2016 Industrial Accident Risk Assessment Procedures and Risk Reduction Measures Issued pursuant to Section 11, Paragraph two of the Chemical

More information

Continuing Professional Development. Marine Accident Investigation. Image courtesy of the MAIB

Continuing Professional Development. Marine Accident Investigation. Image courtesy of the MAIB Continuing Professional Development Marine Accident Investigation Image courtesy of the MAIB Why this course? The Cranfield Safety and Accident Investigation Centre (CSAIC) is pleased to offer this exciting

More information

CSR Report Topdanmark A/S Reg.No

CSR Report Topdanmark A/S Reg.No Topdanmark A/S Reg.No. 78040017 51577 03.12 CSR Report 2011 Statutory report on Corporate Social Responsibility, see Section 132 of Executive Order on Financial Reports for Insurance Companies and Lateral

More information

Patient insurance in Finland

Patient insurance in Finland Patient insurance in Finland Information about patient insurance We handle all patient injuries that occur in connection with healthcare activities in accordance with the Patient Injuries Act. Patient

More information

Governance of social services in the Czech Republic in a comparative perspective

Governance of social services in the Czech Republic in a comparative perspective Governance of social services in the Czech Republic in a comparative perspective (Crucial trends and changes in social services in the CR in comparison to DK, GER and the UK in the last decade) P. Horák,

More information

Integrated Management System For Construction Projects

Integrated Management System For Construction Projects Integrated Management System For Construction Projects Abbas M. Abd 1, Amiruddin Ismail 2 and Zamri Bin Chik 3 1 Correspondence Authr: PhD Student, Dept. of Civil and structural Engineering Universiti

More information

Factors of poland s economic growth after accession to the european union

Factors of poland s economic growth after accession to the european union Factors of poland s economic growth after accession to the european union Bogusław STANKIEWICZ Joanna Julia SIENKIEWICZ 1. Introduction In recent years we have been watching an increase of interest in

More information

Irma Rosenberg: Assessment of monetary policy

Irma Rosenberg: Assessment of monetary policy Irma Rosenberg: Assessment of monetary policy Speech by Ms Irma Rosenberg, Deputy Governor of the Sveriges Riksbank, at Norges Bank s conference on monetary policy 2006, Oslo, 30 March 2006. * * * Let

More information

SELECTED ASPECTS OF THE TAXATION OF FOREIGN ENTITIES IN SLOVAK TAX LAW

SELECTED ASPECTS OF THE TAXATION OF FOREIGN ENTITIES IN SLOVAK TAX LAW 2 SELECTED ASPECTS OF THE TAXATION OF FOREIGN ENTITIES IN SLOVAK TAX LAW Ing. Vladimír Podolinský, Mgr. Juraj Vališ In the context of the globalising economy it is becoming ever more frequent that a business

More information

14635/16 ADD 4 LJP/kg 1 DG G 2A

14635/16 ADD 4 LJP/kg 1 DG G 2A Council of the European Union Brussels, 24 November 2016 (OR. en) 14635/16 ADD 4 FIN 804 'A' ITEM NOTE From: To: General Secretariat of the Council Council Subject: General budget of the European Union

More information

The Assessment of Financial Leasing Risk in Grid Corporation Zhu Guorong1, a, Feng Hao1, a, Qin Honghao2, a, Zhu Guodong2, a and Niu Dongxiao2, a

The Assessment of Financial Leasing Risk in Grid Corporation Zhu Guorong1, a, Feng Hao1, a, Qin Honghao2, a, Zhu Guodong2, a and Niu Dongxiao2, a International Conference on Management Science, Education Technology, Arts, Social Science and Economics (MSETASSE 2015) The Assessment of Financial Leasing Risk in Grid Corporation Zhu Guorong1, a, Feng

More information

MYANMAR ACCIDENT INVESTIGATION BUREAU

MYANMAR ACCIDENT INVESTIGATION BUREAU DEPARTMENT OF CIVIL AVIATION, MYANMAR MYANMAR ACCIDENT INVESTIGATION BUREAU ACCIDENT INVESTIGATION POLICY MANUAL First Issue-January 2010 MYANMAR ACCIDENT INVESTIGATION MANUAL 0-1-1 SECTION 0 CHAPTER 1

More information

Elaboration of strategic plans for territory development based on the implementation of investment and construction projects

Elaboration of strategic plans for territory development based on the implementation of investment and construction projects Elaboration of strategic plans for territory development based on the implementation of investment and construction projects Elena Akimova 1,* 1 Moscow State University of Civil Engineering, Yaroslavskoe

More information

Wilkins Safety Group

Wilkins Safety Group How is Health and Safety Law Enforced? Enforcing Authorities for Health & Safety at Work The task of ensuring that health and safety at work law is enforced is shared the local authorities (LAs) and the

More information

Risk appetite frameworks: good progress but still room for improvement

Risk appetite frameworks: good progress but still room for improvement Risk appetite frameworks: good progress but still room for improvement Speech by Danièle Nouy, Chair of the Supervisory Board of the ECB, at a conference on banks risk appetite frameworks, Ljubljana, 10

More information

FINAL NOTICE Swinton confirmed on 9 October 2009 that it will not be referring the matter to the Financial Services and Markets Tribunal.

FINAL NOTICE Swinton confirmed on 9 October 2009 that it will not be referring the matter to the Financial Services and Markets Tribunal. Financial Services Authority FINAL NOTICE To: Swinton Group Limited Of: 6 Great Marlborough Street Manchester Lancashire M1 5SW Date: 28 October 2009 TAKE NOTICE: The Financial Services Authority of 25

More information

SYMBIOSIS CENTRE FOR DISTANCE LEARNING (SCDL) Subject: Management Accounting

SYMBIOSIS CENTRE FOR DISTANCE LEARNING (SCDL) Subject: Management Accounting Sample Questions: Section I: Subjective Questions 1. How does Subsidiary Book help in accounting process? Which subsidiary books are used very frequently? 2. Differentiate between the liabilities and assets.

More information

THE IMPACT OF THE PUBLIC DEBT STRUCTURE IN THE EUROPEAN UNION MEMBER COUNTRIES ON THE POSSIBILITY OF DEBT OVERHANG

THE IMPACT OF THE PUBLIC DEBT STRUCTURE IN THE EUROPEAN UNION MEMBER COUNTRIES ON THE POSSIBILITY OF DEBT OVERHANG THE IMPACT OF THE PUBLIC DEBT STRUCTURE IN THE EUROPEAN UNION MEMBER COUNTRIES ON THE POSSIBILITY OF DEBT OVERHANG Robert Huterski, PhD Nicolaus Copernicus University in Toruń Faculty of Economic Sciences

More information

Advances in Layer of Protection Analysis. Wayne Chastain, P.E. Eastman Chemical Company

Advances in Layer of Protection Analysis. Wayne Chastain, P.E. Eastman Chemical Company Advances in Layer of Protection Analysis Wayne Chastain, P.E. Eastman Chemical Company Agenda Overview of Layer of Protection Analysis Guidelines for Initiating Events and Independent Protection Layers

More information

Risk managers in the largest construction and assembly companies in Poland survey research

Risk managers in the largest construction and assembly companies in Poland survey research Risk managers in the largest construction and assembly companies in Poland survey research Piotr Tworek 1 Abstract Risk management in construction and assembly companies requires a professional approach.

More information

HIGH RISK CONSTRUCTION WORK

HIGH RISK CONSTRUCTION WORK CONTRACTOR WHS SYSTEM STANDARD HIGH RISK CONSTRUCTION WORK EXTERNAL USE ONLY Principles in the Optus Contractor WHS management process CONTRACTOR MANAGEMENT STAGES PRINCIPLES THIS STANDARD REQUISITION

More information

Alena Daňková Centrum dopravního výzkumu v.v.i. Evaluation of Negative Externalities Caused by Traffic

Alena Daňková Centrum dopravního výzkumu v.v.i. Evaluation of Negative Externalities Caused by Traffic Alena Daňková Centrum dopravního výzkumu v.v.i. alena.dankova@cdv.cz Evaluation of Negative Externalities Caused by Traffic INTRODUCTION For all of us, traffic is an everyday part of our life. Traffic

More information

D6.2 Risk Assessment Plan

D6.2 Risk Assessment Plan D6.2 Risk Assessment Plan Project number: 730830 Project acronym: Project title: Safe4RAIL Start date of the project: 1 st of October, 2016 Duration: Programme: Safe4RAIL: SAFE architecture for Robust

More information

QUALITY REPORT ON STRUCTURE OF EARNINGS SURVEY 2010 IN SLOVENIA

QUALITY REPORT ON STRUCTURE OF EARNINGS SURVEY 2010 IN SLOVENIA QUALITY REPORT ON STRUCTURE OF EARNINGS SURVEY 2010 IN SLOVENIA Prepared by: Miran Žavbi, Rudi Seljak Litostrojska 54, 1000 Ljubljana Tel. +386 1 234 08 10, +386 1 234 02 94 Fax. +386 1 241 53 44 E-mail:

More information

THE SEPARATION BETWEEN ACCOUNTING PROFESSION AND TAX PROFESSION IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT IN ROMANIA

THE SEPARATION BETWEEN ACCOUNTING PROFESSION AND TAX PROFESSION IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT IN ROMANIA THE SEPARATION BETWEEN ACCOUNTING PROFESSION AND TAX PROFESSION IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT IN ROMANIA MIHAELA-NICOLETA BĂCANU PHD STUDENT, THE BUCHAREST UNIVERSITY OF ECONOMIC STUDIES, e-mail:

More information

Methodology for risk analysis in railway tunnels using Monte Carlo simulation

Methodology for risk analysis in railway tunnels using Monte Carlo simulation 673 Methodology for risk analysis in railway tunnels using Monte Carlo simulation G. Vanorio & J. M. Mera Technical University of Madrid, Spain Abstract In the context of safety analyses for railway tunnels,

More information

The return on prevention: Calculating the costs and bene ts of investments in occupational safety and health in companies

The return on prevention: Calculating the costs and bene ts of investments in occupational safety and health in companies The return on prevention: Calculating the costs and bene ts of investments in occupational safety and health in companies Project of the International Social Security Association (ISSA) German Social Accident

More information

General Contractors/Developers General Liability Application

General Contractors/Developers General Liability Application General Contractors/Developers General Liability Application ANSWER ALL QUESTIONS IF THEY DO NOT APPLY, INDICATE NOT APPLICABLE. Applicant s Name _ Agent Name Address Mailing Address PROPOSED EFFECTIVE

More information

Highest possible excess return at lowest possible risk May 2004

Highest possible excess return at lowest possible risk May 2004 Highest possible excess return at lowest possible risk May 2004 Norges Bank s main objective in its management of the Petroleum Fund is to achieve an excess return compared with the benchmark portfolio

More information

SOCIAL AND ECONOMIC CONSEQUENCES OF BANKRUPCY OF THE COMPANIES IN UKRAINE

SOCIAL AND ECONOMIC CONSEQUENCES OF BANKRUPCY OF THE COMPANIES IN UKRAINE SOCIAL AND ECONOMIC CONSEQUENCES OF BANKRUPCY OF THE COMPANIES IN UKRAINE Olga Grybinenko Department of Economic Enterprise State Institution of Higher Education National Mining University 19 D. Yavornitskogo

More information