A key aim of the Government's new Construction Strategy is a push for truly collaborative project procurement; however project insurance remains one of the most potentially divisive issues facing the project team. This programme examines a possible solution called Integrated Project Insurance or IPI where one policy covers the entire scheme.
Key learning:
- An overview of current insurance policies used in UK construction
- Why are they potentially divisive?
- How IPI works and the 'pain/gain' ideology at its core
- How similar insurance schemes fared on projects like Heathrow’s T5
About the contributor
Martin Davis, a Cambridge classics graduate, started his career in procurement at the CEGB before joining Drake & Scull 31 years ago, eventually becoming Commercial Director and latterly Vice Chairman.
He was a member of the Joint Contracts Tribunal for the Building Contract, contributed to Sir Michael Latham’s report “Constructing the Team”, and was a Board member of Sir John Egan’s Movement for Innovation.
Since then he has promoted integration and collaboration of the construction industry, leading this initiative for the Strategic Forum for Construction.
Martin is a Visiting Professor at Reading and Heriot-Watt Universities.
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