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The management of complex risks incurred by construction companies

Recently, both the private and public construction sectors have undergone substantial changes on the risks incurred as a result of profound changes in the society in which construction companies operate. 
A modern building firm that operates for private and public clients may be facing very heterogeneous issues, which, in terms of frequency of occurrence and severity of the consequences for the maintenance of assets, take on a predominant role: 
  • Real customer insolvency
  • insolvency of the customer masked by disputes over work in progress
  • request for guarantees on the part of the customers also extended to obligations of a contractual nature
  • request for guarantees CAR (risks in the construction of public buildings) or EAR (plant and machinery assembly risks) by public awarding bodies
  • requests by private customers to ensure consequential damage i.e. damage emerging after the delivery of the work
  • examination of tender specifications
  • regulation of the relationship with subcontractors
Eurorisk assists operators in the sector with:
  • programmatic analysis of contractually assumed obligations with regard to both private and public-sector customers
  • assessment of the risks associated with the execution of works
  • drafting a risk management plan for preventing damaging events and reducing their potential negative impact
  • verification of the adequacy of insurance coverage under the profile of the suitability of the same as required by the legislature, and what is required to ensure maximum protection of the investment
  • technical management of claims while maintaining relations with the different stakeholders involved 
To the list

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