All Construction articles
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NewsBusiness interruption and natural catastrophes are the top risks facing the construction sector
Property damage and business interruption losses are now likely to be significantly higher than before Covid-19, here’s how risk managers can respond
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Construction boom brings opportunity and emerging risks
The switch to more sustainable buildings and infrastructure and adoption of modern building methods will transform the risk landscape, finds AGCS
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ESG shaping construction risk profiles
Global construction output is expected to grow by 42% by 2030, driven largely by government stimuli - report
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Expert view: From the tangible to the intangible
Guido Benz, head of engineering and construction, at Swiss Re Corporate Solutions considers how technology is enabling more ambitious construction and engineering projects than ever before. Which in turn introduces new complexities and demand for new risk transfer solutions
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Could surety bonds have saved Carillion’s customers from millions in financial loss?
One key lesson from Carillion’s demise is that risk mitigation tools may not provide the level of protection that contractors may need but the answer may be found in surety bonds
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The future of construction is data-rich and analytics-driven
The construction industry has transformed the way in which it plans executes and finances projects – placing technology at the heart
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How Crossrail set the benchmark in construction risk management
Risk management has been central to the success of Europe’s largest infrastructure project, owing much to sustained engagement with lead insurers Swiss Re Corporate Solutions and Zurich and broker AJ Gallagher. Colin Hamling, commercial and insurance manager, (December 2009-2016) tells us more
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Special Report
Special report: Construction risks
On 14 June 2017, the 24-storey, Grenfell Tower, broke out in flames, causing millions of pounds of damage and widespread social unrest. Seven months later Carillion plunged into liquidation after suffering financial difficulty. These two case studies demonstrate just how complex construction risk has become.
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In the wake of Grenfell, "we must all learn something"
Tougher codes and penalties are putting pressure on the building industry’s insurance cover, while raising questions over how far down the line liability should go
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Carillion: “Recklessness, hubris and greed”
As a company, Carillion did practically everything wrong, yet its sudden demise has sent shockwaves through the business community. As regulators trawls through thousands of documents with a view to taking disciplinary action, the inevitable result is an intense scrutiny of directors and officers liability and transparency
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Carillion collapse: the lessons learnt in supply chain risk
How the collapse of construction giant Carillion highlighted many issues within construction supply chains, including the opaque nature of subcontractor networks
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Construction sites of the future are becoming more complex – so how can the risks be managed?
Construction companies face myriad challenges as infrastructure projects grow in complexity and the need to balance the dual pressures of price competition and quality standards grows
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From Heathrow to Crossrail: the future of tunnelling
Cedric Wong, senior underwriter, Swiss Re Corporate Solutions, recalls how a series of tunnel collapses sparked the creation of a new best practice code 15 years ago and asks if it is still fit for purpose
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Building Metro de Lima: turning vision into reality in the City of Kings
How geological and other challenges are being overcome in The Metro de Lima project in order to bring a much needed transportation system to Peru’s capital city
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Surety bonds: a watertight guarantee?
Given the complexity and cost involved in large-scale infrastructure projects, surety bonds promise a new level of protection for all parties involved. Atradius Bonding director Pietro Lanzillotta guides us through the benefits
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Top tips on managing construction delay risks
In complex, interconnected construction projects, delays can grow exponentially but the right mitigation strategies are out there if you know where to look.
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Carillion enquiry slams Big Four audit firms
The UK’s audit market is a “cosy club incapable of providing the degree of independent challenge needed”, said a House of Commons joint select committee enquiry into the collapse of construction company Carillion
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Grenfell review poses construction standards questions
The risk culture of the construction sector and ambiguous regulation are major fire safety problems, according to the independent review of the Grenfell high-rise disaster
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How to prevent another Grenfell
London’s high-rise disaster raises disturbing questions about fire safety
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Munich Re faces major payout as Grenfell insurance claim becomes clear
Norwegian insurer says Grenfell insurance claim will include property, liability and other potential related costs.
