OWNER CONTROLLED INSURANCE PROGRAMME IN CONSTRUCTION CONTRACTS
|
|
- Arleen Susanna Wilson
- 5 years ago
- Views:
Transcription
1 Seminar 27 November 2015 OWNER CONTROLLED INSURANCE PROGRAMME IN CONSTRUCTION CONTRACTS Procurement Fact Sheet No. 001/14 Presented by Adrian King Senior Consultant Construction, Aon Hong Kong Limited Representing The Hong Kong Confederation of Insurance Brokers
2 INTRODUCTION Background experience The Owner Control concept How it has developed Facts and anecdotes Review of the Fact Sheet 001/14 2
3 BACKGROUND EXPERIENCE 1980s Caltex Terminal Redevelopment, City Polytechnic 1990s Airport Core Programme, PAA and NAPCO 2000s KCRC Railways, Route 8 etc. highways Cyberport, Disneyland, Macau Casinos AAHK Projects, WKCDA 3
4 THE OWNER CONTROL CONCEPT Multi-contract, multi-discipline linear projects Single-site, multi-contract projects Main contract plus specialists and fit-out Common high-limit TPL Delay in Start-up (DSU) or Advance Loss of Revenue (ALOP) Annual minor works and maintenance/tpl 4
5 WHY OWNER CONTROL If OCIP, there is control and certainty If contractor arranged, there is no control Only the owner has complete overview Only the owner will ensure adequate protection for the owner s interests. Contractors have other priorities. Corporate governance, board responsibilities 5
6 RESPONSIBILITY TO OTHER PARTIES Development Agreements Construction project agents Lender s Finance Agreements Project finance conditions precedent Compliant insurance provisions Delay in Start-up debt service costs 6
7 CONTROL, ADMINISTRATION, MANAGEMENT Contract conditions, owner s obligation All contractual parties are protected Interfacing, overworking, fit-out, tenants Standardised administration, broker handles/advises Otherwise multiple, non-conforming policies 7
8 BENEFICIAL CIRCUMSTANCES/FACILITATION Inter-contract disputes Inter-contract resultant work delays Contractors insurers can hold project to ransom Changes ordered by owner Partial take-over/occupation Incorporate project marine risks 8
9 REVIEW OF FACT SHEET 001/14 Extensive discussion of differing views Result is fair and balanced view Possible negatives have mitigating factors Benefits will likely outweigh any limitations Overcomes existing misconceptions 9
10 3. COVERAGE OF OCIP FOR CONSTRUCTION Contractors All Risks (CAR) Third Party Liability (TPL) Excess Third Party Legal Liability (XSTPL) Specialist Liabilities Marine Liabilities Aviation Constructors Liability 10
11 FURTHER COVERAGES Project Wrap-up Employees Compensation (PWEC) Delay in Start-Up (DSU) Project Professional Indemnity (PI) Environmental Impairment Liability Terrorism 11
12 4. BENEFITS OF OWNER CONTROL Ensures continuity and uniformity of cover Avoids gaps between multiple contracts and policies Reduced policy premiums for bulk buying Reflects spread of risk and project management Reflects imposition of site safety Removes insurance cost from tender pricing 12
13 POSSIBLE LIMITATIONS OF OCIP Owner may have increased admin costs but offset checking multiple policies OCIP may duplicate contractors annual cover but contractors can exclude particular contract Possibly less safety/risk management incentive for contractors but owner can impose and enforce obligations on site 13
14 5. CONSIDERATIONS TO ADOPT OCIP Party best able to manage/identify risks Broader scope/cost effective coverage Large or small projects, multi-contracts, fit-out Able to intervene in claims process Better comprehensive disclosure to insurers loss record, site control, loss prevention 14
15 6. FACTORS TO CONSIDER FOR IMPLEMENTATION Specific insurance and indemnity clauses in contracts Appoint specialist, experienced construction broker Full and detailed information disclosure Prequalification of suitable contractors Implementation of effective site risk management 15
16 7. APPLICATION OF OCIP OVERSEAS Europe, North America, Middle East, Asia Infrastructure, development projects, multi-use high rise Power stations, oil and gas, petrochemical Macau casino projects Governments practices vary from uninsured to OCIP 16
17 8. APPLICATION OF OCIP IN HK MTRC, ACP, KCRC, HyD, Power companies Theme Parks, Entertainment venues Single site utility/commercial infrastructure Multi-use high rise complexes Annual minor works covers Application to smaller projects 17
18 TO SUMMARISE Gradual recognition of benefits of OCIP Not just major infrastructure Total project wrap-up Multi-contract interfacing and overworking Benefits with small contracts, tenants fit-out Cost beneficial and administratively effective 18
19 OCIP THE WAY FORWARD Recognise the advantages Increasingly complex projects simplify the insurance OCIP is the NEC of insurance practice Well established procedures and administration Proven in practice over many years 19
20 Thank you! 20
(b) goods or assets situated in Uganda;
Page 2 No person, other than a person licensed as an insurer under this Act, shall issue any insurance policy on (a) persons who at the time of effecting a contract are residents of Uganda; (b) goods or
More informationEAST AND WEST COMPARED: A CRITICAL REVIEW OF TWO ALTERNATIVE INTERIM PAYMENT SYSTEMS AS USED IN HONG KONG AND THE U.K. ON MAJOR CONSTRUCTION WORKS
EAST AND WEST COMPARED: A CRITICAL REVIEW OF TWO ALTERNATIVE INTERIM PAYMENT SYSTEMS AS USED IN HONG KONG AND THE U.K. ON MAJOR CONSTRUCTION WORKS Keith Potts, School of Construction, Engineering & Technology,
More informationMSM IS AN ADVOCATE FOR PROJECT OWNERS AND FINANCIERS IN THE EVENT OF A CRISIS CAUSING DELAY AND INCREASED COSTS
AUSTRALIA AND ASIA PACIFIC S PREFERRED PROVIDER OF PRE LOSS, CLAIM PREPARATION AND LITIGATION AND DISPUTE SUPPORT SERVICES TO MAJOR PROJECTS AND THE CONSTRUCTION INDUSTRY MSM loss management MSM loss management
More informationThe Navigators Group, Inc.
The Navigators Group, Inc. Willis 2012 Latin American Energy Conference The Underwriting of Construction Project Risks in the Latin American Energy/Power Generation Sector Stephen Coward President Navigators
More informationENGINEERING AND CONSTRUCTION CONTRACT
THE NEC 3RD EDITION ENGINEERING AND CONSTRUCTION CONTRACT INTRODUCTION AND CRITICAL APPRAISAL For the HKIS March 23 rd 2010 Ian Heaphy Agenda Engineering and Construction Contract 3rd Edition: Aim of Presentation
More informationBelt and Road Initiative (BRI) Clement Cheung Chief Executive Officer Insurance Authority 12 October 2018
Belt and Road Initiative (BRI) Clement Cheung Chief Executive Officer Insurance Authority 12 October 2018 1 What is BRI Source: Swiss Re Economic Research & Consulting. 2 What is BRI Five Areas of Connectivity
More informationTHE ROLE OF INSURANCE AND COST REDUCTION IN EPC CONTRACTS
THE ROLE OF INSURANCE AND COST REDUCTION IN EPC CONTRACTS Matthew Smith, Partner K&L Gates LLP Copyright 2016 by K&L Gates LLP. All rights reserved. KEY ROLE OF INSURANCE IN EPC CONTRACTS To optimise the
More informationCASUALTY INSURANCE ACE OFFSHORE INSURANCE FOR CONTRACTORS AND SUPPLIERS TO THE OFFSHORE OIL & GAS INDUSTRY
CASUALTY INSURANCE ACE OFFSHORE INSURANCE FOR CONTRACTORS AND SUPPLIERS TO THE OFFSHORE OIL & GAS INDUSTRY The offshore oil and gas industry might be mature but it remains dynamic, offering fresh opportunities
More informationArthur J. Gallagher - Education Practice
t Arthur J. Gallagher - Education Practice Insurance Procurement For Colleges PHILIP WEBSTER Executive Director - Education Direct Dial: Mobile: Email: 01924 234 028 07717 802 518 Phil_Webster@ajg.com
More informationDBS BANK (HONG KONG) LIMITED (Incorporated in Hong Kong with limited liability)
DBS BANK (HONG KONG) LIMITED (Incorporated in Hong Kong with limited liability) GROUP INTERIM FINANCIAL DISCLOSURE STATEMENTS FOR THE SIX MONTHS ENDED 30TH JUNE 2008 TABLE OF CONTENTS Page Unaudited consolidated
More informationNEC4 ENGINEERING & CONSTRUCTION CONTRACT
1. Introduction 1.1 This paper provides an overview of the NEC Engineering & Construction Contract summarising the key features and structure of the NEC family of contracts. The NEC4 (4 th Edition) box
More informationUpdate on HKFRS (or IFRS) 10 September 2008
Update on HKFRS (or IFRS) 10 September 2008 Nelson Lam 林智遠 MBA MSc BBA ACA ACS CFA CPA(Aust.) CPA(US) FCCA FCPA(Practising) MSCA 2006-08 Nelson 1 Today s Agenda Update on IFRIC 12 and HK(IFRIC) 12 Brief
More informationPlanned and Cyclical Maintenance Policy
M3 Planned and Cyclical Maintenance Policy Date of Approval Review Date August 2016 August 2019 Planned and Cyclical Maintenance 1. Policy Context The introduction of this new comprehensive policy on Planned
More informationINDEX annual management plan, terminology in credit agreement
INDEX Aboriginal rights Aboriginal title, establishment of, 316 claims, suggested clauses, 321-323 consultation, process for, 318-321 duty to consult and accommodate, 317-318 generally, 313-315 risk assessment,
More informationJCT 2016 Edition of Contracts
JCT 2016 Edition of Contracts Welcome to the JCT 2016 Edition of Contracts What are the main new features of the 2016 Edition?... We ve incorporated the provisions of the JCT Public Sector Supplement 2011
More informationAXA Africa Specialty Risks
AXA AFRICA SPECIALTY RISKS Political Risk and Trade Credit Growing a business in an emerging market can come with a wide range of issues. That s why offers tailor-made coverage that s designed to help
More informationEnvironmental Insurance for Consulting & Construction Projects Empower Results
Environmental Insurance for Consulting & Construction Projects 30th Annual Environmental Permitting Summer School 7/20/16 session Risk Management for Environmental Consultants Contract Requirements Indemnification
More informationCommon Pitfalls and Associated Solutions with the Use of NEC for the Construction Industry Council
Common Pitfalls and Associated Solutions with the Use of NEC for the Construction Industry Council 07 March 2012 By Mike Allen General Background Background: 1st Edition of The New Engineering Contract
More informationIBI Group Holdings Limited (incorporated in the Cayman Islands with limited liability) (Stock code: 1547)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationCONTRACT DATA. Part one Data provided by the Employer CONTRACT DATA PART 1
CONTRACT DATA Part one Data provided by the Employer Statements given in all contracts Completion of the data in full, according to the Options chosen, is essential to create a complete contract. 1 General
More informationFINANCIAL INFORMATION
You should read the following discussion and analysis in conjunction with our combined financial information and notes thereto set forth in the Accountants Report included as Appendix I and our selected
More informationAIG Global Property Construction Risk Engineering
AIG Global Property Construction Risk Engineering AIG is a leading provider of risk management and loss prevention services for Commercial Property, Energy and Construction risks worldwide. Through the
More informationStrategy #1: Partnering with the Private Sector through PPP. EY Infrastructure Advisory. October 2017
Strategy #1: Partnering with the Private Sector through PPP EY Infrastructure Advisory October 2017 EY Infrastructure Advisory Page 2 EY s Infrastructure Advisory and Project Finance Advisory Capabilities
More informationAon Risk Solutions THE USE OF CONTRACTUAL INDEMNITY AND ENVIRONMENTAL INSURANCE TO INCREASE CERTAINTY IN CONTAMINATED PROPERTY TRANSACTIONS
Aon Risk Solutions THE USE OF CONTRACTUAL INDEMNITY AND ENVIRONMENTAL INSURANCE TO INCREASE CERTAINTY IN CONTAMINATED PROPERTY TRANSACTIONS Table of Contents Introduction... 1 Overarching Environmental
More informationPublic Private Partnerships (PPPs) Projects
Development Process of Public Private Partnerships (PPPs) Projects By Dr Paul H K Ho 1 Disclaimer Funded by Commerce, Industry and Technology Bureau, The Government of the Hong Kong Special Administrative
More informationDBS BANK (HONG KONG) LIMITED. (Incorporated in Hong Kong with limited liability)
DBS BANK (HONG KONG) LIMITED (Incorporated in Hong Kong with limited liability) GROUP INTERIM FINANCIAL DISCLOSURE STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2011 TABLE OF CONTENTS Page Unaudited consolidated
More informationDelay In Start-Up Insurance. A Primer Based on Lessons Learned Houston Marine Insurance Seminar September 21, 2015
Delay In Start-Up Insurance A Primer Based on Lessons Learned Houston Marine Insurance Seminar September 21, 2015 What is DSU? DSU on the Rise Number of policies involving DSU cover DOUBLED over the last
More informationIndia Infrastructure Debt Fund: A Concept Paper
India Infrastructure Debt Fund: A Concept Paper - Gajendra Haldea Creation of world-class infrastructure has been recognised as a key priority and a necessary condition for sustaining the growth momentum
More informationInsurance Checklist - Explanatory Note [1]
General Insurance is an area of project finance that is often left to the end of negotiations, with little attention given to it. Availability of insurance, levels of cover and deductibles will, however,
More informationPublic Private Partnerships An overview from the legal perspective
Public Private Partnerships An overview from the legal perspective Ren Niemann Partner Allens is an independent partnership operating in alliance with Linklaters LLP. 1 What is a public private partnership?
More informationM 3. Planned and cyclical maintenance policy. August 2013 August If you require this policy in a different format please ask a member of staff
M 3 Planned and cyclical maintenance policy Date of Approval Revue Date August 2013 August 2016 If you require this policy in a different format please ask a member of staff PLANNED AND CYCLICAL MAINTENANCE
More informationCommercial Insurance
Commercial Insurance Paul Lewis EVP, Industry Practices Manager Each of the industries we serve have unique requirements. We have a wide range of product solutions across a portfolio, and we knit them
More informationStandard Terms of Business
Standard Terms of Business We will provide Services to you on our standard Terms. You must provide all Relevant Information to us. We will be entitled to receive commissions and or fees for providing the
More informationNatural Resources. We can show you more.
Natural Resources We can show you more. CNA Hardy Natural Resources We partner with customers to help protect assets and operations in the best possible way; a partner with cross class expertise that understands
More informationAustralia Business Contract Law Fundamentals for Non-Lawyers
C L A R I D E N 5-16 December 2016 Knowledge for the world business leaders Australia Australia Business Contract Law Fundamentals Session A: 5-6 December 2016, Brisbane Marriott Hotel Session B: 8-9 December
More informationThe New Option. Visibly Different.
The New Option. Visibly Different. Design Build of America June 7, 2018 Owner s Insurance & Surety for Design Build Projects 1 Discussion Points Insurance and Bonding for DB Projects 1. Variations in Design
More information1.1 Name and address of main Proposer : Contract Awarded?
PROPOSAL FORM FOR SINGLE PROJECT PROFESSIONAL INDEMNITY NOTE: THIS IS A PROPOSAL FOR A CLAIMS MADE POLICY Note : Please provide any necessary explanations or additional details by attachment to this Proposal
More informationConstruction traps and solutions for development projects
Construction traps and solutions for development projects Joe Bellhouse BrookStreet des Roches LLP Nick Woodruff Arcadis APS Project Management 15 June 2011 About the speakers Joe Bellhouse Joe Bellhousee
More informationDepa Limited and its Subsidiaries. Review report and condensed consolidated interim financial statements for the six month period ended 30 June 2018
Review report and condensed consolidated interim financial statements for the six month period ended 1 Review report and condensed consolidated interim financial statements for the six month period ended
More informationSTUDENT HOUSING SOLUTIONS SUPPORTED BY CBRE BUILDING CONSULTANCY
STUDENT HOUSING SOLUTIONS SUPPORTED BY CBRE BUILDING CONSULTANCY C STUDENT HOUSING SOLUTIONS CBRE Building Consultancy is uniquely placed to assist developers, operators, lenders, and private and institutional
More informationIMIA Engineering Underwriting Training Course
11 15 March 2013 in Berlin Course Time Schedule Stand 09/12 Course Programme Details Session 1 - Monday 14.00-15.30h - Introduction to Engineering Insurance Utz Groetschel Introduction of participants
More informationREDPOINT GLOBAL INFRASTRUCTURE FUND CAPTURING THE ESSENCE OF THE ASSET CLASS
REDPOINT GLOBAL INFRASTRUCTURE FUND CAPTURING THE ESSENCE OF THE ASSET CLASS CAPTURING THE ESSENCE OF THE ASSET CLASS Infrastructure assets are very different to mainstream investments such as shares,
More informationContract Management in Offshore & Marine, EPCIC and Shipyard
An Intensive 5 Day Training Course Contract Management in Offshore & Marine, EPCIC and Shipyard 18-22 Nov 2018, Dubai 28 Apr - 02 May 2019, Dubai 17-21 Nov 2019, Dubai 18-JUL-18 This course is Designed,
More informationPlenary 2: Public-Private Partnerships. Monday, 12:00 to 13:00
Plenary 2: Public-Private Partnerships Monday, 12:00 to 13:00 Session agenda 1. What is PPP? 2. When are PPPs appropriate and where have they been used? 3. PPI in South Asia 4. Key terms 5. Summary and
More informationCommon 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 informationINTERNATIONAL CORPORATE SERVICES
BEYOND BORDERS ILS World is a global provider of independent fiduciary services to professional advisors, international corporate groups and private clients. We keep you moving forward. We put the right
More informationDeveloping a PPP market: Getting the fundamentals right
Developing a PPP market: Getting the fundamentals right Essentials for private sector participation 17 March 2016 Why does private sector care about PPP projects? PPP projects offers stable cash flows
More informationMITIGATION 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 informationInnovative Ways to Insure Project Risks
Innovative Ways to Insure Project Risks Construction Project Risks Construction project participants owners, financiers, architects, engineers, contractors, construction managers, suppliers, etc. - all
More informationDATE: NOVEMBER 2016 CHINA CONNECT TERMS - CLIENTS OF J.P. MORGAN SECURITIES (ASIA PACIFIC) LIMITED. 1. Application
DATE: NOVEMBER 2016 CHINA CONNECT TERMS - CLIENTS OF J.P. MORGAN SECURITIES (ASIA PACIFIC) LIMITED 1. Application 1.1 Notwithstanding any provision in any General Terms and Conditions, these China Connect
More informationThe Bank of East Asia, Limited (Incorporated in Hong Kong with limited liability in 1918) (Stock Code: 23) ANNOUNCEMENT OF 2007 INTERIM RESULTS
The Bank of East Asia, Limited (Incorporated in Hong Kong with limited liability in 1918) (Stock Code: 23) ANNOUNCEMENT OF 2007 INTERIM RESULTS INTERIM RESULTS The Directors of The Bank of East Asia, Limited
More informationMining and Mineral Exploration
Mining and Mineral Exploration solutions & protection for the mining industry Introduction Axis Managers specializes in structuring bespoke insurance solutions for the Mining and Mineral Exploration Industry.
More informationInsurance for the construction industry an overview of core products, coverage and claims
Insurance for the construction industry an overview of core products, coverage and claims ZF Summit Construction 29 May 2014 James Grindley, CEO CertAsig Who is CertAsig? CertAsig is a niche, non-life
More informationNURTURING ASIA S BEST PROGRAMME CALENDAR
ASIA S NURTURING BEST PROGRAMME CALENDAR 2019 02 January Risk Management 21, 22, 24, 25 & 28 January Mon, Tue, Thu, Fri & Mon Intermediate It aims to provide candidates with the knowledge of the application
More informationHigh-cost credit review: Feedback from roundtables
Financial Conduct Authority High-cost credit review: Feedback from roundtables Introduction 1. This paper summarises the issues and ideas raised by participants in our roundtables. These points do not
More informationNotes to the financial statements
Notes to the financial statements 1 Segmental analysis The Group has determined that the chief operating decision maker is the Executive Committee. Emerging markets are those countries in which the Group
More informationImportant Note. Airport Authority Hong Kong
Important Note Airport Authority Hong Kong (AAHK) is responsible for preparing the Hong Kong International Airport (HKIA) Master Plan 2030 and commissioning the associated consultancies. At different stages
More informationConstruction Insurance
Construction Insurance Construction Insurance on a Global Scale The rate of global construction is likely to increase by nearly double the amount from 2014 through 2025. This sector is one of the most
More informationYacht Liability Cover
Yacht Liability Cover Comprehensive Cover. Exceptional Service. The Club Steamship Mutual is a market leader in the provision of Yacht P&I liability insurance, due to its financial stability ( A rated
More informationCredit Perspectives. Receivables finance. Highlighting solutions to the challenges clients face. In this Issue
Aon Risk Solutions Aon Credit International Credit Perspectives October 2016 Receivables finance Highlighting solutions to the challenges clients face In this Issue 1 Introduction 3 A bank s perspective
More informationChubb Global Markets. Our portfolio
Chubb Global Markets Our portfolio Summary of the different lines available Accident and health 7 Environmental risk 17 Aviation 9 Financial institutions 19 Cyber risk 11 International casualty 21 Credit
More informationCommercial Insurance
Commercial Insurance Jim West EVP, Industry Practices Manager Each of the industries we serve has unique requirements. We have a wide range of product solutions across a portfolio, and we knit them together
More informationThe Navigators Group, Inc.
The Navigators Group, Inc. The Opportunity and Challenges of Underwriting Construction Risks in the Energy and Infrastructure Sectors 2 nd Seminar of Lloyd s in Brazil Stephen Coward President Navigators
More informationCONTRACTOR-CONTROLLED INSURANCE PROGRAMS
THE ESSENTIAL GUIDE TO CONTRACTOR-CONTROLLED INSURANCE PROGRAMS How general contractors can use CCIPs for savings and safety Contractor-Controlled Insurance Programs Contractor-controlled insurance programs,
More informationReport to the Third Session of the Team of Specialists on Public- Private Partnerships April 2011 regarding Model PPP Laws
Report to the Third Session of the Team of Specialists on Public- Private Partnerships 18-19 April 2011 regarding Model PPP Laws Richard Armitage 18 April 2011 Contents Mandate Summary of findings Next
More informationNEC 3 ABOUT US 27/06/2013 COMPANY PROFILE NEC 3 SOME PROBLEMS EXPOSED AND DISCUSSED. Gary Blackburn Michael Conway Damien Savage
NEC 3 NEC 3 SOME PROBLEMS EXPOSED AND DISCUSSED Gary Blackburn Michael Conway Damien Savage 26 June 2013 COMPANY PROFILE UK: Construction Claims & Dispute Avoidance/Resolution, Commercial Management, Project
More informationWhy Global Accounting Standards Are Needed Investors seek investment opportunities all over the world. Companies seek capital at the lowest price anyw
IFRS Convergence Will Enhance Shareholder Value Paul Pacter Director, Deloitte IFRS Global Office ACCA Annual Conference Hong Kong, 23 June 2007 1 Agenda for this Session Why global accounting standards
More informationRE: Developing our approach to implementing MiFID II conduct of business and organisational requirements
Tom Ward Strategy and Competition Division Financial Conduct Authority 25 The North Colonnade London E14 5HS Email to: dp15-03@fca.org.uk Date: 26 May 2015 Dear Sir RE: Developing our approach to implementing
More informationRESULT OF THE SURVEY ON THE PERFORMANCE OF ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORTING OF HONG KONG LISTED COMPANIES
RESULT OF THE SURVEY ON THE PERFORMANCE OF ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORTING OF HONG KONG LISTED COMPANIES AGENDA Background Survey methodology and population Survey key findings ESG reporting
More informationResponsible Property Investment (RPI) policy
Responsible Property Investment (RPI) policy Introduction Ardstone Capital is an independently owned property investment manager entirely focused on UK and European real estate. Ardstone act on behalf
More informationIronshore Canada began offering specialty insurance in Ironshore Canada offers capacity through Ironshore Insurance Ltd. (Canada Branch) and
Ironshore Canada began offering specialty insurance in 2010. Ironshore Canada offers capacity through Ironshore Insurance Ltd. (Canada Branch) and through Lloyd s Syndicate 4000 (managed by Ironshore s
More informationReview of Construction Contract CN157 with Gulf Group, Inc. Office of Operations Bureau of Design and Construction. Report: A-1617DEP-003
Review of Construction Contract CN157 with Gulf Group, Inc. Office of Operations Bureau of Design and Construction Office of Inspector General Internal Audit Section Florida Department of Environmental
More informationROAD KING INFRASTRUCTURE LIMITED (Incorporated in Bermuda with limited liability)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationMFA-PUB ASEAN Bilateral Programme
Presentation to Distinguished Delegates of MFA-PUB ASEAN Bilateral Programme 31 Oct 2012 Presentation Agenda Keppel Group Company Profile PPP - A typical illustration for DBOO/BOT Scheme Legal and Commercial
More information1 SCOPE AND OBJECTIVES 1 2 RISK MANAGEMENT 1 3 DECISION MAKING AND ANALYSIS 1 4 APPROVED INSTRUMENTS, METHODS AND TECHNIQUES 1
University of Lincoln TREASURY MANAGEMENT POLICY CONTENTS Section Page 1 SCOPE AND OBJECTIVES 1 2 RISK MANAGEMENT 1 3 DECISION MAKING AND ANALYSIS 1 4 APPROVED INSTRUMENTS, METHODS AND TECHNIQUES 1 5 ORGANISATION
More informationConstruction Risks. US Construction Practice
US Construction Practice Willis' US Construction Practice provides innovative products and delivers risk management services through its specialist building services teams, addressing the unique needs
More informationChubb Technical lines
Chubb Technical lines Companies today are looking for an insurer who can cater for their whole range of technical or engineering insurance requirements. These broad and varied needs include everything
More informationNatural Resources. We can show you more.
Natural Resources We can show you more. CNA Hardy Natural Resources We partner with customers to help protect assets and operations in the best possible way; a partner with cross class expertise that understands
More informationFINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2006
(Incorporated in Hong Kong with limited liability) (Stock Code: 966) FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2006 The Board of Directors of China Insurance International Holdings Company Limited is
More informationEXPRESSION OF INTEREST (EOI) for
EXPRESSION OF INTEREST (EOI) for Design and Construction of 66 kv/11 kv Electrical Secondary Substation (SS - 3) and Associated facilities at Kempegowda International Airport, Bengaluru Bangalore International
More informationRoutes to Market: Smart Motorways Alliance Commercial Model Summary
Routes to Market: Smart Motorways Alliance Commercial Model Summary August 2018 Overview: The proposals outlined within are draft proposals and subject to sign-off from our governance process. Non-participation
More informationCommercial (QS) Core Competencies (Feb 17)
01 Financial and commercial processes in civil engineering Optimum Activity Detail of A K E Management of budgets for civil engineering works. Cost forecasting, management and control processes including
More informationGALLAGHER ENVIRONMENTAL PRACTICE. Environmental Risk Management Solutions
GALLAGHER ENVIRONMENTAL PRACTICE Environmental Risk Management Solutions The Coverage Knowledge You Want. The Expertise You Need. Gallagher Environmental Practice is an industry leader in environmental
More informationOpening your business in China Accessing the world s largest market
Opening your business in China Accessing the world s largest market Your business in China The commencement of the China Australia Free Trade Agreement ( ChAFTA ) has made investing in China achievable
More informationI x N/A VII BOARD OF AIRPORT COMMISSIONERS REPORT TO THE. ILA,,,,S4A Completed
VII ill Los Angeles World Airports REPORT TO THE BOARD OF AIRPORT COMMISSIONERS A- (vikv Meeting Date: Approved by'aula Adams, Directr Airports Administration 4/6/2017 ILA,,,,S4A Completed CAO Review:
More informationSHUN TAK HOLDINGS LIMITED
The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever
More information2018 INTERIM RESULTS ANNOUNCEMENT
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationSUMMARY. New construction projects 33, , Refurbishment projects 9, ,
This summary aims to give you an overview of the information contained in this prospectus. As this is a summary, it does not contain all the information that may be important to you. You should read the
More informationCommercial Risk Summary Service Businesses
Commercial Risk Summary Service Businesses ADVERTISING AGENCIES UK SIC CODE: 73110 (2007) / 74402 (2003) Advertising agencies Description of operations: Advertising agencies provide the service of developing
More informationConstruction Risk in P3 Projects. Timothy J. Murphy Partner McMillan LLP
Construction Risk in P3 Projects Timothy J. Murphy Partner McMillan LLP Risk Transfer in a P3 Key aspects of a P3: Private sector financing Public sector clarity through output specifications Integrated
More informationVGI Global Media Public Company Limited and its subsidiaries Report and consolidated interim financial statements For the three-month and six-month
VGI Global Media Public Company Limited and its subsidiaries Report and consolidated interim For the three-month and six-month periods ended 30 September Independent Auditor's Report on Review of Interim
More informationSoh Lieh Sieng BEng(Hons) MSc(Construction Law & Arbitration) FCIOB FCIArb FCABE FACostE FAE FSIArb FMIArb FMSAdj
CURRICULUM VITAE Name Position Soh Lieh Sieng BEng(Hons) MSc(Construction Law & Arbitration) FCIOB FCIArb FCABE FACostE FAE FSIArb FMIArb FMSAdj Managing Partner, Contract Solutions i PLT (LLP) Contact
More informationDISCLOSEABLE TRANSACTIONS FINANCE LEASING FRAMEWORK AGREEMENT
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationNigel White. Profile. Expertise:
Nigel White Profile 40 years experience in the construction industry with specialist experience in dispute resolution, commercial management, and risk management. Tel: +971 50 427 2595 nigelwhite@whiteconsulting-me.com
More informationINSURANCE SOLUTIONS SPECIALTY CONSTRUCTION
CONSTRUCTION INSURANCE SOLUTIONS There are many traditional insurance solutions available, offered on either an annual basis or project specific basis that cover select parties or provide cover for all
More informationContract Risk Management & Compliance
Contract Risk Management & Compliance Course Objective Provide an understanding of how risk arises Compare different methods of identifying and assessing risk Review the impacts of different approaches
More informationSumant Chak MAKING PPP ATTRACTIVE FOR PRIVATE FINANCE IN INFRASTRUCTURE THE INDIA STORY. Asian Institute of Transport Development
MAKING PPP ATTRACTIVE FOR PRIVATE FINANCE IN INFRASTRUCTURE THE INDIA STORY Sumant Chak Asian Institute of Transport Development Railway Staff College, Vadodara Course: BIMSTEC and MGC officers Course,
More informationBelt and Road and Hong Kong January 2017
Belt and Road and Hong Kong January 2017 www.charltonslaw.com 0 Belt and Road - Introduction China s most ambitious project economically & diplomatically since the People s Republic s establishment Hong
More informationA&E A&E. ProSurance TM. Application Form INSURANCE FOR ARCHITECTS & ENGINEERS
A&E INSURANCE FOR ARCHITECTS & ENGINEERS ProSurance TM A&E Application Form This is an application for an errors and omissions package policy designed specifically for architects and engineers. As well
More informationREAL ESTATE INSURANCE
REAL ESTATE INSURANCE REAL ESTATE TESTED, INSURANCE APPROVED Real estate comes in all shapes and sizes. So does risk. At Conner Strong & Buckelew our professionals know the real estate industry from top
More information