This document discusses bonds and insurances in construction projects. It describes the three main types of construction bonds: bid bonds, performance bonds, and payment bonds. It explains that bonds guarantee project completion and payment, protecting the project owner. The parties to a contract bond are the obligee or owner, the principal or prime contractor, and the surety who provides the bond. The document also provides an overview of insurance, describing types of coverage commonly required for construction projects like general liability, auto liability, workers' compensation, and builders risk insurance.
•What is Contract?
•What is Construction Contract?
•Purpose of Construction Contract
•Contract for Bid and Procurement
•Contract for Pricing Arrangement
•Construction Contract Component
•Contract Document List
•Standard Form of Contract in Malaysia
•What is Contract?
•What is Construction Contract?
•Purpose of Construction Contract
•Contract for Bid and Procurement
•Contract for Pricing Arrangement
•Construction Contract Component
•Contract Document List
•Standard Form of Contract in Malaysia
Construction Contracts: Basics of Contracts and Contract AdministrationGerald R. (Jerry) Genge
The CCDC 2 Stipulated Price Contract is the "go to" document for construction contracts. Learn the basic components and roles of eth parties to the contract.
Tips for effective administration of a construction contract and for reducing the risk of delay and change orders. Interplay between the contractors, the consultant and an owner.
- Having a brief of FIDIC
- Understand the steps and stages of Contract Management Using FIDIC.
- Understand the Role of PM during construction project to protect the organization Business case.
Discussion of the challenges and tasks faced by the local consulting engineering industry in Ukraine, legal and practical issues related to the application of FIDIC forms of contracts, local peculiarities of dispute resolution in construction matter;
exemplified by a case study
Construction Contracts: Basics of Contracts and Contract AdministrationGerald R. (Jerry) Genge
The CCDC 2 Stipulated Price Contract is the "go to" document for construction contracts. Learn the basic components and roles of eth parties to the contract.
Tips for effective administration of a construction contract and for reducing the risk of delay and change orders. Interplay between the contractors, the consultant and an owner.
- Having a brief of FIDIC
- Understand the steps and stages of Contract Management Using FIDIC.
- Understand the Role of PM during construction project to protect the organization Business case.
Discussion of the challenges and tasks faced by the local consulting engineering industry in Ukraine, legal and practical issues related to the application of FIDIC forms of contracts, local peculiarities of dispute resolution in construction matter;
exemplified by a case study
Contract management is the systematic process of creating, administering, and enforcing contracts between two or more parties. It ensures both parties fulfill their obligations as outlined in the agreement and minimizes potential risks.
APM webinar sponsored by the Thames Valley branch on 27 October 2021.
The Supervisor is separate from the ECC Project Manager. Their role is to monitor the Contractor's compliance with the Scope. They need the skills of the 'clerk or works' …. But they also need to know how to manage their part of the contract. This webinar was held on 27 October 2021.
This session will give full details and share some of the necessary interfaces with the project manager.
Speaker: Richard Patterson, NEC4 drafter and Procurement & NEC Specialist at Mott MacDonald
links:
https://www.apm.org.uk/news/nec-engineering-and-construction-contract-ecc-the-supervisors-roles-and-responsibilities-webinar/
https://youtu.be/RuIrzKpr83U
Good contracts will take into account CDM 2007 arrangements. Learn from these practical examples when drafting your contracts - presentation by Julian Scott of Squire Sanders exclusively for ARMSA Consulting wind energy clients.
FirstNRG Insurance Services is specialized insurance broker in renewable energy industry. We provide tailor made insurance solutions for IPP, solar developers, investment funds, asset management companies, EPC and solar installers. For more details please visit our website - www.firstnrg.com or contact us on advisor@firstnrg.com.
Episode 28 : Project Management Contract
Typical services of the employer are:
Obtaining official approvals
Commissioning experts
Provision of the documents required for planning, such as site plan, data on soil conditions etc.
Supply of utilities for commissioning
Free of charge provision of areas for site facilities
Free of charge supply of power and water to the building site.
Welcome to WIPAC Monthly the magazine brought to you by the LinkedIn Group Water Industry Process Automation & Control.
In this month's edition, along with this month's industry news to celebrate the 13 years since the group was created we have articles including
A case study of the used of Advanced Process Control at the Wastewater Treatment works at Lleida in Spain
A look back on an article on smart wastewater networks in order to see how the industry has measured up in the interim around the adoption of Digital Transformation in the Water Industry.
Industrial Training at Shahjalal Fertilizer Company Limited (SFCL)MdTanvirMahtab2
This presentation is about the working procedure of Shahjalal Fertilizer Company Limited (SFCL). A Govt. owned Company of Bangladesh Chemical Industries Corporation under Ministry of Industries.
Water scarcity is the lack of fresh water resources to meet the standard water demand. There are two type of water scarcity. One is physical. The other is economic water scarcity.
Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...Dr.Costas Sachpazis
Terzaghi's soil bearing capacity theory, developed by Karl Terzaghi, is a fundamental principle in geotechnical engineering used to determine the bearing capacity of shallow foundations. This theory provides a method to calculate the ultimate bearing capacity of soil, which is the maximum load per unit area that the soil can support without undergoing shear failure. The Calculation HTML Code included.
Immunizing Image Classifiers Against Localized Adversary Attacksgerogepatton
This paper addresses the vulnerability of deep learning models, particularly convolutional neural networks
(CNN)s, to adversarial attacks and presents a proactive training technique designed to counter them. We
introduce a novel volumization algorithm, which transforms 2D images into 3D volumetric representations.
When combined with 3D convolution and deep curriculum learning optimization (CLO), itsignificantly improves
the immunity of models against localized universal attacks by up to 40%. We evaluate our proposed approach
using contemporary CNN architectures and the modified Canadian Institute for Advanced Research (CIFAR-10
and CIFAR-100) and ImageNet Large Scale Visual Recognition Challenge (ILSVRC12) datasets, showcasing
accuracy improvements over previous techniques. The results indicate that the combination of the volumetric
input and curriculum learning holds significant promise for mitigating adversarial attacks without necessitating
adversary training.
CFD Simulation of By-pass Flow in a HRSG module by R&R Consult.pptxR&R Consult
CFD analysis is incredibly effective at solving mysteries and improving the performance of complex systems!
Here's a great example: At a large natural gas-fired power plant, where they use waste heat to generate steam and energy, they were puzzled that their boiler wasn't producing as much steam as expected.
R&R and Tetra Engineering Group Inc. were asked to solve the issue with reduced steam production.
An inspection had shown that a significant amount of hot flue gas was bypassing the boiler tubes, where the heat was supposed to be transferred.
R&R Consult conducted a CFD analysis, which revealed that 6.3% of the flue gas was bypassing the boiler tubes without transferring heat. The analysis also showed that the flue gas was instead being directed along the sides of the boiler and between the modules that were supposed to capture the heat. This was the cause of the reduced performance.
Based on our results, Tetra Engineering installed covering plates to reduce the bypass flow. This improved the boiler's performance and increased electricity production.
It is always satisfying when we can help solve complex challenges like this. Do your systems also need a check-up or optimization? Give us a call!
Work done in cooperation with James Malloy and David Moelling from Tetra Engineering.
More examples of our work https://www.r-r-consult.dk/en/cases-en/
Explore the innovative world of trenchless pipe repair with our comprehensive guide, "The Benefits and Techniques of Trenchless Pipe Repair." This document delves into the modern methods of repairing underground pipes without the need for extensive excavation, highlighting the numerous advantages and the latest techniques used in the industry.
Learn about the cost savings, reduced environmental impact, and minimal disruption associated with trenchless technology. Discover detailed explanations of popular techniques such as pipe bursting, cured-in-place pipe (CIPP) lining, and directional drilling. Understand how these methods can be applied to various types of infrastructure, from residential plumbing to large-scale municipal systems.
Ideal for homeowners, contractors, engineers, and anyone interested in modern plumbing solutions, this guide provides valuable insights into why trenchless pipe repair is becoming the preferred choice for pipe rehabilitation. Stay informed about the latest advancements and best practices in the field.
Student information management system project report ii.pdfKamal Acharya
Our project explains about the student management. This project mainly explains the various actions related to student details. This project shows some ease in adding, editing and deleting the student details. It also provides a less time consuming process for viewing, adding, editing and deleting the marks of the students.
Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdffxintegritypublishin
Advancements in technology unveil a myriad of electrical and electronic breakthroughs geared towards efficiently harnessing limited resources to meet human energy demands. The optimization of hybrid solar PV panels and pumped hydro energy supply systems plays a pivotal role in utilizing natural resources effectively. This initiative not only benefits humanity but also fosters environmental sustainability. The study investigated the design optimization of these hybrid systems, focusing on understanding solar radiation patterns, identifying geographical influences on solar radiation, formulating a mathematical model for system optimization, and determining the optimal configuration of PV panels and pumped hydro storage. Through a comparative analysis approach and eight weeks of data collection, the study addressed key research questions related to solar radiation patterns and optimal system design. The findings highlighted regions with heightened solar radiation levels, showcasing substantial potential for power generation and emphasizing the system's efficiency. Optimizing system design significantly boosted power generation, promoted renewable energy utilization, and enhanced energy storage capacity. The study underscored the benefits of optimizing hybrid solar PV panels and pumped hydro energy supply systems for sustainable energy usage. Optimizing the design of solar PV panels and pumped hydro energy supply systems as examined across diverse climatic conditions in a developing country, not only enhances power generation but also improves the integration of renewable energy sources and boosts energy storage capacities, particularly beneficial for less economically prosperous regions. Additionally, the study provides valuable insights for advancing energy research in economically viable areas. Recommendations included conducting site-specific assessments, utilizing advanced modeling tools, implementing regular maintenance protocols, and enhancing communication among system components.
1. Bonds and Insurances in
Construction
Madawalabu
University
Chapter 5
Procurement Management and Contract Administration
CoTM 4242
Lecture by: Andualem Endris (M.Sc)
andu0117@yahoo.com
College of Engineering,
Construction Technology and Management Department
2. CONTRACT BONDS
• Construction bonds, also known as contract bonds.
• They provide a financial guarantee that the bills on a
construction project will be paid.
• The issuing insurance company or bank guarantees the
project's completion by a specific contractor.
• Construction bonds protect the assets of the investor or project
owner against shoddy work or non-completion of the project.
COTM 4242
3. PARTIES TO A CONTRACT BOND
• Obligee – Owner
• Principal – Prime Contractor
• Surety – Entity providing the surety bond
• Surety agrees to indemnify the Obligee (Owner), against any
default or failure in duty of the Principal (Contractor)
COTM 4242
4. BONDS
• There are three types of
construction bonds
• Bid Bonds
• Performance Bonds
• Payment Bonds
• NB: See PPA (Section 9)
and MoWUD Contract
Conditions formats
COTM 4242
5. … BONDS • Bonds are:
• Not Insurance but standing on
their own
• Performance Bonds
• A contractor, or principal, uses
a performance bond to
guarantee that it will complete
the contract in accordance
with its terms. If the principal
defaults, the owner may call
upon the surety to complete
the contract.
COTM 4242
6. … BONDS
COTM 4242
• Payment Bonds
• Guarantee the advance payments.
• Bid Bonds
• The bid bond protects the project's
owner if the bid is not honored by
the principal, such as a contractor.
• The client should secure the bid
bond till the winner agrees and
signs the contract
• Do not release bonds too early
8. WHAT IS INSURANCE?
COTM 4242
• Insurance is a legal contract that transfers risk from a
policyholder to an insurance provider
• Insurance protects from risk of loss
• Insurance is CASH!!!
• CASH for:
• Replacing / repairing your property
• Replacing / repairing others property
• Medical Costs / Lost wages
• Defending you from others
10. • Builders Risk
• Workers’ Compensation
• General Liability
• Excess Liability
• Auto Liability
• Design Professionals Errors &
Omissions
• Pollution Liability
AVAILABLE COVERAGE
COTM 4242
11. INSURANCE SUMMARY
COTM 4242
Commercial General Liability
Bodily Injury, Property Damage
Ongoing and Completed Operations & Products
Business Automobile Liability
Bodily Injury, Property Damage
Workers’ Compensation and Employer’s Liability
Bodily Injury and Illness of employees, work related
Professional Liability (Architects, engineers, construction managers, etc.)
Injury or Damages due to errors & omissions
Builder’s Risk (Property)
Damages or Losses to Property under construction
12. CONSTRUCTION PROJECT
COVERAGE PROGRAM
COTM 4242
• “All Risk” Builder’s Risk Insurance
• Property Damage
• Materials in Transit
• Off site storage
• Direct physical loss to Insured
Project(s)
• Construction
• Reconstruction
• Renovation