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Risks, insurances and bonds in construction projects : a case study of high rise building project | |
Author | Ly Minh Van |
Call Number | AIT Proj. no.MPM-CM-13-01 |
Subject(s) | Tall buildings--Risk assessment |
Note | A Project submitted in partial fulfillment of the requirements for the degree of Master of Engineering (Professional) in Const ruction Engineering and Infrastructure Management, School of Engineering and Technology |
Publisher | Asian Institute of Technology |
Series Statement | Project ; no. MPM-CM-13-01 |
Abstract | Construction projects have a lot of uncertainties and risks that affect both project performance and human being. Particularly, the high - rise building projects have more uncertainties and risks. Geological risks, height and others are one of the causes. In such cases, insurance and bond are very important to these projects because they can cover the risks and the contractor’s default. As a result, the project can get the financial and performance security. With a focus on a case study approach to the high - rise building projects, an eighteen - storey complex in Ho Chi Minh City conducted in this study is to examine different types of risks, insurance and bonds of the owner. Although a variety o f risks occur in construction projects, most of them can be protected by applying for insurance and bond schemes. The most common insurable risks include professional errors or omission, personnel injury and death of employees, material damages and losses, erection risks, public liability, construction risks and third party liability. The other risks which can be protected by bonds are contractor’s breach from tender phase to warranty phase. Some problems, however, occur in administrating the insurances a nd bonds. This study is then to analyze the conditions of the processes and claim procedures. A framework for risk, insurance and bonds management are recommended at the end of the study. |
Year | 2013 |
Corresponding Series Added Entry | Asian Institute of Technology. Project ; no. MPM-CM-13-01 |
Type | Project |
School | School of Engineering and Technology (SET) |
Department | Department of Civil and Infrastucture Engineering (DCIE) |
Academic Program/FoS | Construction Engineering and Infrastructure Management (Professional Master) (MPM-CM) |
Chairperson(s) | Hadikusumo, Bonaventura H. W.; |
Examination Committee(s) | Oulawan Kulchartchai;Chotchai Charoenngam;Santi Charoenpornpattana; |
Degree | Project (M. Eng.) - Asian Institute of Technology, 2013 |