DWF – Time for Insurance to rebalance the risk in construction?

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Author - Ian Cooper

The last three decades have seen the risk in the construction industry transferring from employers to contractors under design and construct/build arrangements (D&C). This has resulted in construction contractors, through competition, being compelled to accept risks beyond their competency. The ultimate example was the foray into energy from waste projects evidencing disastrous examples of contractors accepting the risk for the energy output from burning waste.

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