- The document discusses various legislation and regulations that affect the construction industry in the UK, including health and safety laws. It outlines duties around topics like the Construction (Design and Management) Regulations 2015, occupational diseases, fire safety, noise exposure, workplace transport, and confined spaces.
- It also discusses how complying with legislation and properly managing risks can help construction firms reduce insurance costs and liability, while non-compliance could result in coverage being withdrawn or invalidated. Having the right insurance is important for construction businesses to manage their legal obligations and business costs.
Allianz construction (part one) - Market Outlook and IssuesGraeme Cross
After a tough recession, the construction sector is showing strong signs of recovery with the number of housing, commercial and infrastructure projects on the up.
As activity increases, insurance has an important part to play in its future success. Understanding the issues facing the sector and providing robust risk management advice to support growth, will be key for the insurance industry.
This, the first White Paper in our two part series on construction, examines the outlook of the market and some of the key trends in the sector, from skills shortages to changes in construction methods.
Engineering insurance is a highly specialized class of insurance that covers the world’s largest construction projects, including airports, high speed rail links, power plants and manufacturing complexes. Such projects are typically very high value – the largest are in the tens of billions of dollars – and can run for many years, even decades. This AGCS (Allianz Global Corprate & Specialty) report identifies eight emerging developments around engineering and construction risks.
The article explains the future of the Construction Industry, Construction industry is a booming industry and how it is going to impact the other sectors of industry.
Safety management Issues in construction industry of BangladeshTanjin Tamanna urmi
Despite of being a developing country Bangladesh has investment in construction industry which includes commercial, residential and multipurpose building projects etc. Workplace safety is a significant global issue, and in particular, the construction industry is over represented in workplace injury and death statistics
The construction industry involves risky and unhealthy operations which result in many human tragedies, to lose
enthusiasm of workers, disrupt construction, delay progress, and adversely affect cost, productivity, and reputation. The
complex nature of construction and hazards it have occupational health and safety in construction work should design table and
continue throughout the construction phases until the safety and health of every end users is ensured. Safety is a major concern
for construction companies, as it is a source of substantial direct and indirect costs. In some countries, the rate of total workplace
injuries from construction activities can be as high as at least 50%. This is undoubtedly a serious matter warranting urgent
attention. This paper reviewed that the safety problems at construction site with fetal injuries caused by it with help of different
graphical data of agencies .It gives detailed information regarding about the injuries type and physical loss of human from this.
This study also revealed that the importance of safety in construction should pay more attention as the injuries loss the human
life and also delay in completion of project
Allianz construction (part one) - Market Outlook and IssuesGraeme Cross
After a tough recession, the construction sector is showing strong signs of recovery with the number of housing, commercial and infrastructure projects on the up.
As activity increases, insurance has an important part to play in its future success. Understanding the issues facing the sector and providing robust risk management advice to support growth, will be key for the insurance industry.
This, the first White Paper in our two part series on construction, examines the outlook of the market and some of the key trends in the sector, from skills shortages to changes in construction methods.
Engineering insurance is a highly specialized class of insurance that covers the world’s largest construction projects, including airports, high speed rail links, power plants and manufacturing complexes. Such projects are typically very high value – the largest are in the tens of billions of dollars – and can run for many years, even decades. This AGCS (Allianz Global Corprate & Specialty) report identifies eight emerging developments around engineering and construction risks.
The article explains the future of the Construction Industry, Construction industry is a booming industry and how it is going to impact the other sectors of industry.
Safety management Issues in construction industry of BangladeshTanjin Tamanna urmi
Despite of being a developing country Bangladesh has investment in construction industry which includes commercial, residential and multipurpose building projects etc. Workplace safety is a significant global issue, and in particular, the construction industry is over represented in workplace injury and death statistics
The construction industry involves risky and unhealthy operations which result in many human tragedies, to lose
enthusiasm of workers, disrupt construction, delay progress, and adversely affect cost, productivity, and reputation. The
complex nature of construction and hazards it have occupational health and safety in construction work should design table and
continue throughout the construction phases until the safety and health of every end users is ensured. Safety is a major concern
for construction companies, as it is a source of substantial direct and indirect costs. In some countries, the rate of total workplace
injuries from construction activities can be as high as at least 50%. This is undoubtedly a serious matter warranting urgent
attention. This paper reviewed that the safety problems at construction site with fetal injuries caused by it with help of different
graphical data of agencies .It gives detailed information regarding about the injuries type and physical loss of human from this.
This study also revealed that the importance of safety in construction should pay more attention as the injuries loss the human
life and also delay in completion of project
Environmental insurance market status Q1 2017Graeme Cross
This paper provides an update on the status of the marketplace for environmental insurance as of early 2017. It starts with a look at the environmental risks associated with a number of common industrial, commercial and institutional activities, and then considers various aspects of the marketplace, with a look at the insurance companies that sell environmental coverage, a review of who buys it and what is new in the market for this year.
SAFEGUARDING UGANDA'S WORKFORCE: INTEGRATING OCCUPATIONAL HEALTH AND SAFETY P...Semakula Allan Kinene
Discover how Uganda is prioritizing the health and safety of its workforce across diverse sectors such as Infrastructure, Industry and Manufacturing, Mining, Energy, and Agriculture. This comprehensive article explores the integration of global Occupational Health and Safety (OHS) standards with local regulations, highlighting key practices, regulations, and initiatives aimed at fostering safer workplaces. From risk assessment and hazard identification to regulatory compliance and stakeholder engagement, delve into the strategies and resources available for promoting a culture of safety in Uganda's evolving economic landscape. Whether you're a business owner, employee, regulator, or industry professional, gain valuable insights into safeguarding Uganda's workforce and contributing to sustainable development
The mistaken unsung hero of productivityHumanology
The traditional way to measure productivity focuses on the input, process and output. Industry focuses on the cost optimisation during the input, lean manufacturing, KAIZEN in the process and
the return of investment on the output. However, employee welfare is always labelled and perceived as cost and burden for the industry. This article aims to expose and to reveal the secrets of productivity that have always been the least priority - occupational safety and health.
International Journal of Computational Engineering Research(IJCER) ijceronline
International Journal of Computational Engineering Research (IJCER) is dedicated to protecting personal information and will make every reasonable effort to handle collected information appropriately. All information collected, as well as related requests, will be handled as carefully and efficiently as possible in accordance with IJCER standards for integrity and objectivity.
Top Safety News for September, 2020:
- National Farm Safety & Health Week
- Selecting a Respirator for Construction Dust
- OSHA Issues COVID-related Fines
- Free COVID-19 Safety Guides for Schools
- What's new at ComplianceSigns: Safety scoreboards, custom coronavirus floor labels
A surety bond is a financial instrument through which an insurance company guarantees the successful performance of an Aon
client to a third party, known as a beneficiary or employer. It is a written agreement that provides compensation in the event
that specified obligations are not performed within a stated period.
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Environmental insurance market status Q1 2017Graeme Cross
This paper provides an update on the status of the marketplace for environmental insurance as of early 2017. It starts with a look at the environmental risks associated with a number of common industrial, commercial and institutional activities, and then considers various aspects of the marketplace, with a look at the insurance companies that sell environmental coverage, a review of who buys it and what is new in the market for this year.
SAFEGUARDING UGANDA'S WORKFORCE: INTEGRATING OCCUPATIONAL HEALTH AND SAFETY P...Semakula Allan Kinene
Discover how Uganda is prioritizing the health and safety of its workforce across diverse sectors such as Infrastructure, Industry and Manufacturing, Mining, Energy, and Agriculture. This comprehensive article explores the integration of global Occupational Health and Safety (OHS) standards with local regulations, highlighting key practices, regulations, and initiatives aimed at fostering safer workplaces. From risk assessment and hazard identification to regulatory compliance and stakeholder engagement, delve into the strategies and resources available for promoting a culture of safety in Uganda's evolving economic landscape. Whether you're a business owner, employee, regulator, or industry professional, gain valuable insights into safeguarding Uganda's workforce and contributing to sustainable development
The mistaken unsung hero of productivityHumanology
The traditional way to measure productivity focuses on the input, process and output. Industry focuses on the cost optimisation during the input, lean manufacturing, KAIZEN in the process and
the return of investment on the output. However, employee welfare is always labelled and perceived as cost and burden for the industry. This article aims to expose and to reveal the secrets of productivity that have always been the least priority - occupational safety and health.
International Journal of Computational Engineering Research(IJCER) ijceronline
International Journal of Computational Engineering Research (IJCER) is dedicated to protecting personal information and will make every reasonable effort to handle collected information appropriately. All information collected, as well as related requests, will be handled as carefully and efficiently as possible in accordance with IJCER standards for integrity and objectivity.
Top Safety News for September, 2020:
- National Farm Safety & Health Week
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- Free COVID-19 Safety Guides for Schools
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A surety bond is a financial instrument through which an insurance company guarantees the successful performance of an Aon
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that specified obligations are not performed within a stated period.
With an ever-changing political scene and limited time left to conclude the negotiations for the United Kingdom’s (UK) exit from the European Union (EU), attention is now beginning to turn to the potential consequences of Brexit. This paper discusses the issues that insurers face and considers the interplay between insurers’ contractual obligation to continue to service policies (including paying claims) versus the practical impact that local regulation might have on their ability to do so.
IFRS Report - Important upcoming accounting changes Graeme Cross
The new IFRS 9 rules effective January 2018, and equivalent US GAAP standards (ASU 2016-13) effective in 2019, are aimed at
increasing the accuracy and transparency of how credit risk is represented on a company’s Balance Sheet and P&L. Both new
standards include requirements around the use of both historic as well as forward looking credit information in order to calculate
the provisions for credit losses (Expected Credit Losses).
Aon’s cyber capabilities can support organisations in embracing
a risk based approach. This facilitates the deployment of a
more effective cyber insurance strategy to help optimise the
total cost of risk associated with cyber exposures
Reducing an organisation’s property total cost of risk
(TCOR) is fundamental to its operational resiliency and
financial bottom line. Aon Property Laser is a unique
property and business interruption risk management
methodology that incorporates leading-edge diagnostic
and analytical tools to quantify risk exposure. By
identifying and analysing key property performance
indicators, Aon Property Laser helps organisations
to improve their risk profile, while also making the
insurance policy work more effectively should a loss
occur. Our property experts benchmark pre-loss and
post-loss risk management practices, activities and
results, to help assess and optimise an organisation’s
property risk profile.
Many businesses and governments have been reporting on environmental and climate data for over 15 years now, but the way they do is set to change. Following the UN’s Paris
Agreement to address climate risk by cutting greenhouse gas emissions, financial regulators are increasingly concerned about the systemic risks that climate change poses to the financial
system. After the 2008 financial crisis, regulators do not want any disorderly transitions in the market due to a misallocation of capital
Aon has developed a proprietary diagnostic tool to help risk leaders quickly assess their organization’s global supply chain exposures across a variety of key marketplace supply chain indicators.
In the complex and dynamic global risk environment, risk managers play an increasingly vital role in helping their organizations understand, prioritize and manage critical exposures affecting their operations and supply chains.
Today, along with catastrophic property risks, expanding cyber threats, terrorism, supplier insolvency, product integrity and reputational issues, businesses relying on global supply chains must navigate widening geopolitical challenges brought by rising nationalism.
As business leaders, planning, finance and operations executives strive to anticipate how these developments might affect their cross-border trade relationships, effective and forward-looking supply chain risk management is critical to sound decision-making. Aon’s Supply Chain Diagnostic helps clients flag supply chain vulnerabilities and improve resiliency.
Global supply chain management brochureGraeme Cross
Aon’s Approach to supply chain management recognizes the wide spectrum of risks that can negatively impact our clients’ business operations, some of which are common to all industries and others very specific to a particular segment. We bring efficiency to the process by triaging each client’s specific supply chain needs, and deploying a hand-picked team of specialists that can develop industry specific solutions ranging from risk identification and quantification to tailored risk financing programs and claim resolution strategies.
The Aon Global Client Network is the backbone of Aon Risk Solutions’ international network, connecting clients and colleagues with expertise, counsel and resources available in over 120 countries in which Aon Risk Solutions is represented. Aon’s network is the largest majority owned network, unsurpassed in geographic breadth and depth of talent.
On June 27, 2017, a widespread WannaCry ransomware variant referred to by a number of names, including GoldenEye, Petya, NotPetya, and ExPetr, began impacting computer systems around the world. Similar to the recent WannaCry ransomware attack, victims are being asked to pay a ransom of $300 in bitcoin.
Are you a risk or finance leader of an organization with exposures across multiple territories?
Take our Global Optimization Index survey. The 75 questions are
directly related to international risk management and will help you to measure your company’s risk management practices as compared to Aon’s best practice standards and find areas of focus to enhance the performance of your multinational risk management approach.
Aon’s continually growing directory of intellectual capital provides the latest insights into innovative ways of identifying, quantifying, and managing a wide range of current and emerging risks.
Aon’s guide to Political Risk, Terrorism & Political Violence
The Political Risk Map primarily focuses on economic and fiscal risks, specifically in emerging economies, while the Terrorism and Political Violence Map consider issues such as civil commotion and war and has a global focus.
While comparisons are possible across the two maps and certain countries will be affected by both sets of perils, these are two specific risks with accompanying sub-sets of perils that help to establish ratings for each country.
Together these maps are helping our clients to better understand the challenges facing them when operating in diverse, international geographies. We would welcome the opportunity to discuss these challenges in more detail with you and explain how Aon’s Crisis Management teams can help identify, manage and mitigate risks to help insulate your people, assets and operations wherever they are located in the world.
Global Cyber Market Overview June 2017Graeme Cross
Highly publicized attacks on blue chip companies, announcements of alliances formed between insurers, reports of partnerships established with cyber security firms and hiring of renowned experts have all contributed to making cyber one of the hottest topics in the insurance industry. However, behind the hype of the media and the marketing battles fought by insurers and brokers to position themselves as leaders in the market, there is the reality of a genuine opportunity. In this paper, we explore how the cyber insurance market has evolved in recent year
Aon GDPR prepare and protect solution placematGraeme Cross
The EU’s General Data Protection
Regulation (GDPR) comes into effect on
the 25th of May 2018, enforcing strict
new measures for any organisation
globally handling the personal data
of EU individuals.
Organisations have steps to take to
comply with GDPR and meet the
ongoing data privacy rights of their
clients and employees.
Failure to comply may result in enforcement
action, including fines of up to €20 million
or 4% of your organisation’s annual
worldwide revenue, whichever is greater.
“The European Union data privacy landscape is about to undergo dramatic change, with lasting enterprise wide implications for the way that organisations handle, protect and use the personal data of EU individuals.
Organisations of all sizes, across all industries, and geographies that process personal data of EU residents need to take steps now to comply with the new EU General Data Protection Regulation by 2018, to satisfy management fiduciary duties
and avoid potentially costly penalties.”
We live in an era of unprecedented volatility. Trends on three major dimensions – economics, demographics, and geopolitics – combined
with the exponential pace of technology change, are converging to create a challenging new reality for organizations. These forces create opportunities that we cannot even imagine, but also present new frontiers to be explored.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Are you searching for your dream home? Finding the perfect house involves more than just browsing listings; it’s about discovering a space that fits your lifestyle and needs. Whether you’re looking for a cozy suburban home, a chic urban apartment, or a spacious rural property, the right real estate can transform your life. Consider the location, amenities, and potential for future growth. Think about the community, nearby schools, and the convenience of shopping and transportation. A good real estate agent can guide you through the process, from identifying suitable properties to negotiating the best deal. Your dream home is out there, waiting to be found – let’s embark on this journey together!
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Dynamics 365 Bid Management for Construction ProjectsDynamic Netsoft
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https://dnetsoft.com/dynamics-365-bid-management-software
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
2. Euler Hermes Group
Euler Hermes Group, the world’s leading provider
of trade-related insurance solutions, helps
customers worldwide to trade wisely and
develop their business safely. Its financial
solidity, risk analysis and integrated global
structure, enable the Group to provide
companies of all sizes with the domestic
and export market knowledge they need to
successfully manage their trade receivables
in changing economic environments.
January 2016
Allianz Insurance plc
Allianz Insurance is one of the largest general
insurers in the UK and part of the Allianz Group,
one of the leading financial services providers
and the largest property and casualty insurer in
the world.
As a leader in business insurance, Allianz
understands what customers need. Our
commercial propositions cater for small to large
businesses, providing tailored solutions and risk
management services for property, casualty,
motor and engineering.
Our experts have a wealth of knowledge that
can help our customers and brokers keep up to
date with legislation, stay informed of industry
developments, and better manage their risks
– thus enabling them to manage insurance
costs, reduce risks and concentrate on running
successful businesses.
For more information, please visit
www.allianz.co.uk
3. Introduction
After a tough recession, the construction
sector is showing strong signs of recovery
with the number of housing, commercial and
infrastructure projects on the up. As activity
increases, insurance has an important part to
play in its future success.
Understanding the issues facing the sector
and providing robust risk management
advice to support growth, will be key for the
insurance industry.
This, the second White Paper in our two part
series on construction, takes a look at some
of the associated regulatory changes and
risk management topics, highlighting the
insurance related issues.
4. 4
Legislation, risk management
and insurance
In addition to the market conditions, changes and challenges
facing construction firms (covered in part one), it’s also important
to be aware of the legislation and regulations relating to areas such
as health and safety and fire risk. These can affect insurance in
the construction industry and also influence the risk management
strategies that firms should adopt.
Construction (Design and
Management) Regulations 2015
The Construction (Design and Management)
Regulations 2015 (CDM 2015) are designed to
improve health and safety in the industry by setting
out what people involved in construction work
need to do to protect themselves, and anyone
the work affects, from harm.
The requirements are designed to help the
construction industry sensibly plan works so
that risks are managed from start to finish.
This includes having the right people for the job
at the right time, cooperating and coordinating
work, sharing information about the risks and
how they are being managed, and consulting
and engaging with workers about the risks.
The latest regulations, CDM 2015, came
into force in Great Britain on 6 April 2015,
replacing CDM 2007. Designed to be clearer
and easier to understand, especially for small to
medium projects, they include a number
of significant changes:
LEGISLATION
• Clients now need to appoint a ‘principal
designer’ for all projects involving more than
one contractor.
• Clients’ duties are now applicable to domestic
as well as commercial projects
• A construction phase plan is now required for
all projects.
• The threshold for notification of projects to the
Health and Safety Executive (HSE) has changed;
• Notification no longer imposes additional duties;
• The explicit competence requirements have
been removed.
• Everyone working on a construction project
should be able to demonstrate capability and
have the necessary information and resources
to fulfil their legal duties.
• The Approved Code of Practice has been replaced
with HSE and Construction Training Board
industry guidance.
The new regulations will mean that all duty holders
- clients, designers, principal designers, principal
contractors, contractors and workers - will need
to be aware of their duties to ensure compliance.
These are outlined on the HSE’s website www.hse.
gov.uk/construction/cdm/2015/summary.htm
5. 5
The self-employed and health
and safety law
As of 1 October 2015, health and safety law no
longer applies to those who are self-employed
and conduct work activities that pose no potential
risk of harm to others. There are however high risk
activities that if carried out by the self-employed
can result in fatalities and injuries. These activities
still require compliance with the law. Construction,
defined as any work activity mentioned in the
CDM 2015, is regarded as high risk and it
is therefore imperative that self-employed
construction workers are aware that health
and safety law still applies to them.
Construction site waste
management plans
Legislation relating to environmental and waste
matters is complex, with the requirements differing
around the UK. However, the common theme is the
statutory duty of care that applies to anyone who
produces, stores or transports waste to keep it safe
and ensure that anyone who carries it is authorised
to do so and can transport, recycle or dispose of
it safely.
Although the Site Waste Management Plans
Regulations 2008 were repealed on 1 December
2013, site waste management plans (SWMPs) are
still regarded as good practice. In addition, using a
SWMP can help a construction firm reduce costs,
help limit harm to the local environment, improve
energy consumption and reduce the amount
of waste going to landfill.
The following tips will help ensure a SWMP is
effective and enable a construction firm to meet
its legal requirements.
• Appoint a competent person to take
responsibility for the SWMP throughout all
stages of the project.
• Identify the types of waste that will be produced
throughout the project and estimate the
quantities of each type.
• Assess where, when and what materials can
be recovered, reused, recycled or disposed of.
• Set realistic targets for both on and off site
options for reuse, recycling and disposal of
each type of waste.
• Plan procurement and storage arrangements
to reduce excessive on-site storage and
materials handling.
• Monitor housekeeping standards and the
control of waste throughout the site.
• Explain the operation of the plan to all contractors
and workers.
• Ensure that everyone understands their role in
contributing to adequate reports and records.
• Regularly monitor, maintain, update and review
the plan.
• Compare and record the final performance
against targets with an explanation of
any deviations.
• Retain the plan for two years and use the
information to assist in future projects.
6. 6
LEGISLATION
Occupational diseases
Health and safety initiatives have helped to reduce
the number of injuries in the construction sector,
but health issues mean that workers have a high
risk of developing serious health problems. As
a result, figures from the HSE show that more
working days are lost due to work-related illness
than to injuries.
These are some of the common health
issues for the sector:
Cancer
With more than 5,500 cases of occupational cancer
each year, construction has the largest burden of
occupational cancer amongst the industrial sectors.
In total the sector accounts for more than 40% of all
occupational cancer deaths and registrations.
Lung cancers were the predominant type, resulting
from exposure to asbestos, silica and diesel engine
exhaust emissions. Solar radiation and Polyclic
Aromatic Hydrocarbons from coal tars and pitches also
account for around 1,300 skin cancers in the sector.
Hazardous substances
Dusts, chemicals and other potentially harmful
substances are common in this sector but, when
inhaled, can lead to respiratory and lung diseases.
These substances can also contribute to skin
conditions. As an example, cement based products
such as concrete and mortar can cause skin
problems including dermatitis and burns.
Physical health risks
The construction sector has the highest incidence
of back and upper limb disorders, with manual
handling the most common cause of injuries
that last more than seven days in the sector.
Construction workers also have a high risk of
repetitive strain injury, due to the nature of the
work they carry out.
The sector also suffers one of the highest rates of
ill health caused by noise and vibration. This can
include tinnitus and hand-arm vibration syndrome.
Reducing the risk
As well as risking lives, not taking a proactive
approach to reducing the incidence of occupational
diseases can affect a business financially, both in
terms of increased absence but also insurance
costs, and seriously damage its reputation.
The HSE recommends treating health like safety,
following the assess, control, review steps to
identify and reduce exposure.
Further information
The Institution of Occupational Safety and Health
is running a campaign, No Time to Lose, to raise
awareness of the risks associated with workplace
cancer. More information can be found on its
website at www.notimetolose.org.uk
7. 7
construction workers died from a work-
related cancer for every one that died in
an accident in 2012/13. (HSE)
of occupational cancers in
the construction industry are
caused by asbestos. (HSE)
cases of occupational
cancer each year in the
construction industry. (HSE)
cement based products such
as concrete and mortar can
cause skin problems including
dermatitis and burns.
Occupational
diseases
8. 8
LEGISLATION
Fire safety
Every year there are hundreds of fires on
construction sites, with factors such as arson, the
use of flammable liquids and hot works, and the
shift towards more timber frame construction
fuelling the risk.
To help construction firms manage this risk, the
Fire Protection Association, RISCAuthority and the
Contractors Legal Group publish a Joint Code of
Practice, Fire Prevention on Construction Sites.
Currently in its ninth edition, it applies to projects
with an original contract value of £2.5m or more,
although the threshold may be lowered for higher
risk projects such as timber frame construction and
high rise buildings.
As well as helping to reduce the risk of accidental
and malicious fires, compliance with the code can
also be a condition of insurance cover. Where this
is the case, non-compliance could result in cover
being withdrawn, which may have implications for
the construction contract itself if it stipulates
that insurance must be in place.
The code covers fire risks that could affect
a construction project, from ensuring fire
safety is factored into the design phase and
establishing emergency procedures, through
to dealing with site security to prevent arson
and how to deal with waste materials. It also
includes sections looking at specific risks such
as hot work, high-rise construction sites and
large timber frame structures.
The HSE also publishes guidance on fire risk
in its publication, Fire Safety in Construction.
• The code is available to purchase from
the Fire Protection Association’s website,
www.thefpa.co.uk/shop/ and the HSE guidance
can be downloaded from its website at
books.hse.gov.uk/hse/public/saleproduct.
jsf?catalogueCode=9780717663453
9. 9
Noise induced hearing loss
Hearing loss caused by exposure to noise at work
continues to be a significant occupational disease,
with around 170,000 people in the UK thought
to suffer from deafness, tinnitus or other ear
conditions from this exposure.
As a result, the insurance industry has seen a
dramatic rise in the number of noise induced
hearing loss claims, with Allianz seeing a 250%
increase in new claims since 2010 and claims in the
first quarter of 2015 hitting a new high.
It’s particularly a problem in the construction sector,
where workers are exposed to high levels of noise
from loud machinery and sudden explosive noises
such as those made by cartridge operated tools.
HSE figures show it is one of the sectors - alongside
manufacturing, extraction energy and water
supply - with the highest average annual incidence
rates of new cases qualifying for Industrial Injuries
Disablement Benefit.
Employers’ responsibilities are outlined in the
Health and Safety at Work Act 1974 and the
Control of Noise at Work Regulations 2005.
These require employers to prevent or reduce
to a minimum, the risks to health and safety
from exposure to noise at work.
To do this, employers must assess the risk in their
workplace and take steps to reduce exposure.
Strategies can include:
• Introducing a low-noise machinery
and equipment purchasing policy.
• Use a different, quieter process or
quieter equipment.
• Removing workers from the vicinity of noisy work,
for example use an excavator with a cab and
prevent others from being in the area.
• Using sound barriers such as temporary shields
to contain noise.
• Rotating workers to limit their exposure to noise.
• Ensuring machinery and equipment is properly
and regularly maintained.
• Providing workers with personal hearing protection
where required and ensuring it is used properly
and maintained. However, protection shouldn’t be
used as an alternative to controlling noise.
• Training workers so they are aware of the risks
associated with loud noise and understand the
steps they can take to minimise exposure.
Health surveillance, in the forms of hearing
checks, is also important where workers are
exposed to noise. These will detect any problems
and enable the employer to take steps to prevent
further damage.
10. 10
LEGISLATION
Workplace transport
Every year there are more than 5,000 accidents
involving transport in the workplace, with HSE
figures showing that around 50 of these involve
fatalities. Unfortunately, its statistics also show
that being struck by a moving vehicle is one of the
top five causes of death in the construction sector,
with three construction workers dying this way in
2013/14.(1)
But, by incorporating workplace transport safety
into risk management, these incidents can easily
be avoided.
The first step is to conduct a workplace transport
risk assessment. This is legally required and needs
to cover all work activities that involve moving
vehicles. It should take into account the types of
hazards that might be present, who might be at
risk and what controls are already in place. It should
also be recorded, reviewed and updated to reflect
any significant changes.
This risk assessment can then be used to design
a workplace transport risk management system.
This will concentrate on the following four areas:
• Site - to reduce the risk of accidents, this needs to
be well-designed and maintained. Routes should
be as wide as possible, avoiding potential hazards
such as overhead cables and sharp bends. They
should also be well signed, with speed limits and
adequate lighting.
• Vehicles - these must be suitable for the purpose
for which they are used and drivers must be
able to see clearly around the vehicle, be able
to prevent it from moving where necessary and
be aware of any defects before they attempt to
move it.
• People - human error lies behind many accidents
so make sure drivers are well trained, fit to drive
and aware of the policies relating to driving.
Driving policies should detail the requirement
to report any health problems that may affect
driving as well as disciplinary procedures relating
to driving under the influence of alcohol or drugs.
• Use - procedures must be in place to ensure the
safe operation of vehicles on construction sites.
This can include using banksmen and signallers
to direct vehicle and crane movements around
the site.
Establishing a robust approach to risk management
around workplace transport will help to ensure a
good level of safety and prevent accidents.
11. 11
Confined spaces
Every year there are a number of fatalities and
serious injuries as a result of work being undertaken
in confined spaces. According to the HSE, these
incidents can happen to the individuals working in
these spaces or those who attempt to rescue them.
Working in confined spaces, which can include
excavations, storage tanks, enclosed drains, vats
and unventilated or poorly ventilated rooms, poses
a number of risks to individuals. These include a
lack of oxygen; poisonous gas, fumes or vapours;
the space being suddenly filled with liquids or
solids; fires and explosions; and heat.
To ensure no one is put at risk, the Management of
Health and Safety at Work Regulations 1999 require
employers to carry out an assessment of the risks
to determine what safety measures are required.
If this identifies risks of serious injury due to
working in a confined space, the Confined Spaces
Regulations 1997 will also apply.
These contain the following key duties:
• Avoid entry to confined spaces where possible
- this could include doing the work from the
outside, using long handled tools or probes,
water jetting or steam cleaning or using remotely
operated equipment.
• Follow a safe system of work if entry to the
confined space is unavoidable - this could include
ensuring individuals are adequately trained and
fit to undertake the work; providing mechanical
ventilation or breathing apparatus; checking the air
quality and monitoring this; and providing suitable
work equipment, lighting and methods of use.
• Put adequate emergency arrangements in place
before the work starts. These could include
establishing means of communication and
emergency procedures before the work takes
place, providing appropriate rescue equipment,
and carrying out emergency drills to ensure
procedures are practicable and will work.
The risk control measures need to be proportionate
to the size and scope of the risks identified in the
risk assessment and must still fulfil the range of
legal duties outlined above with regard to the
health and safety of operatives undertaking the
work, other workers or contractors in the area,
and the general public.
12. 12
INSURANCE
From the construction of homes, buildings,
roads and railways to roofing and shop fitting;
the insurance needs of the construction
industry can be complex.
13. 13
Insurance – Construction sector
From the construction of homes, buildings, roads and
railways to roofing and shop fitting; the insurance needs
of the construction industry can be complex.
Frequently working to strict timescales and relying on various
items of plant and machinery can increase the risks faced
by construction firms with losses having a significant impact
on the business’ financial stability and operating efficiency.
Having the right insurance in place can therefore help when
things go wrong.
Types of insurance
A range of insurance and risk management
solutions are available and appropriate selection
depends on the individual circumstances and
needs. In addition to Employer’s Liability and Public
Liability which are key covers for any client, not
just contractors, there are various different types
of policy to meet the needs of the construction
industry. Ensuring the right amount and type of
cover is in place is essential and the use of expert
intermediary advice is recommended.
Contractors All Risks (CAR)
Wherever there is the construction of buildings,
civil works or maintenance being carried out, there
is the potential risk of loss or damage. Responsibility
for this will be held by either the Contractor or
Employer, as stipulated in the contract governing
the works. A CAR policy therefore sets out to protect
the responsible party against the costs of damage
to permanent or temporary works regardless of
whether this is on site or in transit. It also covers
plant and machinery, employee’s effects and
professional fees and debris removal. The policy can
be written on an annual basis for automatic cover
on a range of contracts undertaken, or on a single
contract basis as required for specific contracts;
providing up to a years’ cover following completion
for contract obligations as part of the maintenance
or defects liability period.
Project policy
A project policy is made up of component covers
and designed to meet the more short term needs
of employers who, from time to time, undertake
one off construction projects. For example, when
an extension is being built or an existing building
is being worked on. Some or all of the component
covers can be combined into a single policy or
depending on the risk, placed separately by a
broker to form a bespoke tailored package. The
components may include:
• Contract works – cover for damage to materials,
permanent and temporary works
• Existing structures – cover for damage to existing
structures being worked upon
14. 14
• Contractors plant – cover for owned and hired
in plant
• Employer’s Liability – compulsory legal liability
protection for employee injury or illness due
to work
• Public Liability – legal liability cover for injury
to the public and loss or damage to property
• Non Negligent Liability – Joint Contract Tribunal
(JCT) clause 6.5.1 (previously 21.2.1) is contained
in the JCT Standard Form of Building Contract
and requires insurance to cover non-negligent
damage to adjoining or surrounding property.
For example, due to removal or weakening of
support, subsidence, heave, vibration
and collapse
• Delay in start-up (DSU) – A business interruption
cover for the financial loss of a delayed start
caused by damage insured through the
contract works insurance.
The manner in which the covers are combined
or placed, including whether this is on an annual
or project basis, depends on which party is being
insured and the contract conditions in place.
Erection All Risks (EAR)
Construction work frequently involves the erection
or installation of machinery or equipment with
effective installation crucial to carry out works. EAR
provides cover for machinery undergoing assembly,
installation, erection, testing and commissioning
on contract sites and during the subsequent
maintenance period. As with a CAR policy, the party
(Contractor or Employee) responsible for insuring
against the loss or damage will be stated in the
governing contract and cover can be arranged on
an annual or single basis.
Where existing machinery is being moved and
there is no construction of a new structure, an EAR
policy may be too wide in some areas but still need
amendment of the existing structures exclusion to
cover the machine itself. In these circumstances,
INSURANCE
15. 15
a Machinery Movement policy may be more
appropriate. An all risks policy, cover can be tailored
specifically in terms of the machinery itself, the
operations undertaken and the perils required. As
in the case of EAR, this insurance can be arranged
on a one off or annual basis.
Contractors Plant and Equipment (CPE)
According to PANIU’s (Plant & Agricultural National
Intelligence Unit) annual report, 2
the majority of
the 2325 reported thefts in 2014-5 were for smaller
machinery items due to being easily removed from
site, transported and concealed. But constructional
plant isn’t just susceptible to theft losses as it
may be damaged in transit or destroyed by fire.
CPE provides insurance cover against the cost of
unforeseen loss or damaged to both owned and
hire in plant, machinery and temporary building
including the associated legal liability.
Inherent Defects Insurance (IDI)
Another cover commonplace in the market is
Inherent Defects Insurance (IDI), also referred
to as Building Defects Insurance or Latent
Defects. This is generally a 10 or 12 year insurance
on the works against latent defects which later
cause damage – in private dwelling houses, this
would normally be under the National House
Building Council scheme, but for commercial
buildings, this cover needs to be sourced in the
wider market. In some jurisdictions such as
France, this cover is mandatory.
To find out more about Allianz construction
insurance policies and protection against the
cost of loss or damage to building works, contact
materials and equipment, please speak to your
insurance broker.
16. 16
Bonding - Construction sector
Bonding is an arrangement commonly used in many
sectors, including construction, where one party - the insurer -
guarantees the obligations of another party - the construction
firm - to a third party - the client.
BONDING
Contractw
ith
general
conditionsincluding
recourse
agreem
ent
bond/guarantee
construction or
supply contract
YOUR COMPANY
= principal
= contractor
THIRD PARTY
= employer
= beneficiary
17. 17
By putting this surety in place, the client has the
necessary security that, if there is a breach of
contract, typically where the construction firm
is declared insolvent, the bond will be available
to pay any damages and enable it to get another
contractor in to complete the project.
In the UK, the majority of public works have some
form of bond in place. For the private sector, the
decision to insist on a bond will depend largely on
the risk appetite of the client, however it is strongly
recommended, especially for larger contracts.
Types of bonding products
A range of bonding products are available to reflect
the different requirements built into construction
projects. For example at Euler Hermes the
construction sector range includes:
• Bid bonds - these are used in public works
tenders and provide security that the contractor
the work is awarded to will actually sign the
contract and undertake to perform the work
as contracted.
• Advance payment bonds - these provide security
for the repayment of advance payments or
payments made on account.
• Bonds for joint ventures and consortia - major
construction contracts are often carried out by
a consortium, creating risk for the companies
within the consortium as well as the client.
Arranging bonding
Where a contract requires bonding, the
construction firm or its broker, is responsible for
arranging the bond. The size of the bond will be set
by the contract but is typically 10% of contract
value although sometimes it is 15%.
As payment under the bond is triggered by
the construction firm’s insolvency in the vast
majority of cases, the insurer will take into
account the firm’s financial strength and credit
risk when underwriting the bond.
In some instances, the nature of the contract may
also be important. For example, if a house builder is
taking on a contract to build a bridge this could be
seen as introducing additional risk.
Market forces
Demand for bonding is strong as a result of growth
in the number of building projects but also as a
result of the economic cycle among construction
firms. Although the economy may be picking up,
more construction firms tend to fail coming out of
recession than going into it.
For example this year we have seen the
administrators called in at a number of the medium
sized construction firms, including GB Building
Solutions and Longcross Construction, and results
from some of the larger firms have also warned of
significant profit shortfalls.
This can happen as during the recession when
there is less building work, these firms take on
contracts that might be badly paid or more risky.
Then, as the economy picks up again, they can find
themselves tied in to long contracts and unable to
take on sufficient new projects to compensate for
the negative margins they might be suffering on
some of these existing contracts.
Being stretched in this way can result in insolvency,
hence the increased demand for bonding.
To find out more about the range of
Euler Hermes bonding options, please visit
www.eulerhermes.co.uk/bonding
18. 18
Conclusion
As the construction sector continues to benefit from demand
for housing, commercial and infrastructure projects, it will be
essential for the insurance market to understand the issues it
faces in order to support this growth.
While there are opportunities for construction
firms, they also face a number of significant
changes and challenges. As discussed in part one
of this construction White Paper series, these range
from changes in construction methods and the
increased use of technology in building design
through to a growth in counterfeiting of plant
and equipment and weather-related issues.
Firms also need to understand their legislative and
regulatory requirements and the changes that are
taking place in these areas. These affect their day-
to-day operations and failure to comply can result in
significant penalties as well as reputational damage.
Providing risk management advice and insurance
insight is a key way the insurance industry
can support these businesses. By working
together, insurers and brokers will be able to
ensure the construction sector continues to
build on its successes.
(1) http://www.hse.gov.uk/statistics/industry/construction/construction.pdf
(2) http://www.datatag.co/paniu-reports/PANIU_7th-Year_Report.pdf
CONCLUSION
19. 19
At Allianz we can support you
with a range of insurance and risk
management solutions. To find
out more about what we offer,
speak to your broker.
20. 20
ACOM682101.16
Allianz Insurance plc. Registered in England number 84638. Registered office: 57 Ladymead, Guildford, Surrey, GU1 1DB,
United Kingdom. Allianz Insurance plc is a member of the Association of British Insurers. Allianz Insurance plc is authorised
by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation
Authority. Financial Services Register number 121849.