Insurance required to be incorporated in deal, Civil Engineering

Assignment Help:

Question

Is procurement of third party insurance required to be incorporated in deal for construction works?


Answer


Purpose of third party insurance is to guard contractors from bankruptcy in case there are severe accidents happened to third party due to construction work. Then, in government contracts, contractors are requested contractually to secure third party insurance from origination of contract until end of preservation Period. If contractors have financial ability to handle the claims because of accidents to third party, client is not bound to include this necessity in contract.

 


Related Discussions:- Insurance required to be incorporated in deal

Illustrate layout of corrugated beam barriers, Q. Illustrate Layout of corr...

Q. Illustrate Layout of corrugated beam barriers? Layout of corrugated beam barriers is that the beams are corrugated in the longitudinal direction so as to it provides higher

Mechanics of structure, distinush between determinant and indeterminant pla...

distinush between determinant and indeterminant plane trusses

Define fixed instrumentation - sounding or sensing devices, Define Fixed in...

Define Fixed instrumentation - Sounding or Sensing Devices? It is possible to monitor local scour at pier or abutment using fixed instrumentation as an alternative to the sound

Solid block -calculating for design mix, Good evening sir, solid block''s d...

Good evening sir, solid block''s design mix calculated generally please explain and derive .

Define the ignitability - hazardous waste, Define the Ignitability - Hazard...

Define the Ignitability - Hazardous Waste - is a liquid with flash point - Not a liquid and capable of spontaneous and sustained combustion under normal conditions - Ign

Fluid Mechanics, I am taking a fluid mechanics class that is related to was...

I am taking a fluid mechanics class that is related to wastewater treatment. I need help with my homework

Concrete, what is the heat of hydration and gel space ratio?

what is the heat of hydration and gel space ratio?

Bridge engineering, long span bridge or continuous bridge which is more pre...

long span bridge or continuous bridge which is more preferable and why ??? what is the major problem in continuous bridge and what would be its effect if there is any differential

What is the required bracing location for the beam, A contractor has select...

A contractor has selected a W14x74 simply supported beam for a high rise construction project.  The span length for the provided beam is set at 30 feet.  The maximum factored appli

Cross-sectional elements - geometric design of roads, Cross-sectional Eleme...

Cross-sectional Elements: The terms used in the cross-section of a road are : Carriageway The portion where traffic moves. Shoulder The portion outside the ca

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd