The number and scale of global infrastructure projects currently underway have generated a variety of challenging risks for the construction industry. These risks include:
- finding and maintaining skilled, specialist labour and
- ensuring that the most reputable contractors, with the right expertise, are available to deliver projects of a similar size and nature, regardless of their geographical location.
While these risks can be dealt with in a variety of ways, including by allocating risk contractually or using risk-management methodologies and techniques to mitigate the effects of the risk, this section is primarily concerned with insurance structures and types of cover that relate to the various risks arising out of a major infrastructure project.
This section is maintained by Andy Desmond of the Construction, Infrastructure & Surety Practice, Marsh Specialty.
RICS standards: Risk, liability and insurance
isurv section: Infrastructure claims
Feature: Insurance: dangers of underinsurance