Building insurance inherent defects
Article Abstract:
There are some doubts as to whether inherent defects insurance, or decennial insurance, is a viable alternative to collateral warranties. In the case of faulty design or construction, tenants of a building have a contractual claim for damages under collateral warranties against those involved in its construction, but this has led to many problems, including exclusion clauses which often restrict collateral warranty to the cost of repairs only. Decennial insurance resolves some of these problems, but only covers some of the defects which come under the terms of collateral warranties. For the time being, it is likely that a combination of the two systems will continue to be used.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1992
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Where angels fear to tread
Article Abstract:
Some quantity surveying practices in the UK are engaging in practices which should be of concern to the construction industry as a whole. There is a trend towards transferring all risks to the contracting industry, while some firms are also guilty of constantly increasing their 'standard list of amendments to JCT80.' They should really be trying to avoid moving into areas in which they do not have the appropriate expertise, and should instead focus on forging more positive links with lawyers.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1996
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Taking uninsured risks
Article Abstract:
Contractors often seek to limit liabilities by passing uninsured risks on to consultants. Clients may find themselves with no legal redress over the failure of uninsured areas, such as electrical or mechanical systems. Many contractors use the uninsured risk element to cover their own backs and place most of the financial burden on clients. Insurance against risks does not mean contractors have to take the risk, while uninsured risks must still be understood and dealt with professionally.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1998
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