Bonds, Guarantees and Insurance

Aims & Objectives:

To assist professionals in reviewing documentation and to ask the right questions. To inform professionals of when they should seek professional guidance.

Course Outline:

  • An overview of insurance provisions under standard form construction contracts
  • Professional indemnity
  • Environmental Risks
  • Advance payment bonds
  • On demand and default bonds
  • Which is better - Bank or insurance company?
  • Retention Bonds
  • Bid Bonds and Other Wonders
  • Parent company guarantees
  • Decennial Insurance
  • Collateral warranties

Intended For:

All construction professionals engaged in project administration will benefit from this course. No prior knowledge of the subject matter is assumed. On completion of the course delegates will be self directed in identifying issues and will be able better to liaise with lawyers and other external professionals.