Insurance provisions under JCT 1998 and JCT Standard Building论文.pptVIP

Insurance provisions under JCT 1998 and JCT Standard Building Contract 2005 Brian Lewis – QBE CAR Introduction Most Construction is carried out under a standard form of contract with majority of commercial work using JCT. A Contractor’s obligations under a Contract to indemnify the Employer or to reinstate any damage to the Works and Site Materials are of no effect unless the Contractor has adequate funds. It is normally a requirement of a Contract for insurance to be taken out to support the indemnity requirements of the Contract. Risks in Construction Diverse trades working in close