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Risk Management and Insurance In Contracting

Risk Management and Insurance In Contracting. What will I get from this session?. Albany-Rensselaer Train Station. Architectural –award-winning design. Careful Planning and Preparation. Hired attorney to formulate construction contracts. Required use of agreements.

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Risk Management and Insurance In Contracting

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  1. Risk Management and InsuranceIn Contracting What will I get from this session?

  2. Albany-Rensselaer Train Station Architectural –award-winning design.

  3. Careful Planning and Preparation • Hired attorney to formulate construction contracts. • Required use of agreements. • State-of-the-art insurance requirements and indemnity clause.

  4. Special Feature Clock Tower

  5. Big Visible Movement- Foucault Pendulum

  6. Problems With Cost of Project

  7. What was that clock going to cost? • Estimated $1.75 million • Something had to go.

  8. Replacing Big Ben 1990’s Bus Shelter Clock

  9. Bought Clock for Clock Tower Didn’t use contract documents….. Amount saved?..... $1.7 million?

  10. 60 Feet Above the Main Floor

  11. Installation IS Construction Installer steps in hole… Awarded $2.9 million.

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