Construction Insurance

Construction insurance is an important policy to have if you own, run or manage a construction site.

Construction insurance provides safeguards for you as an employer against your construction workers being injured on site. Construction insurance does not exempt you from maintain a safe workplace. Usually, construction insurance policies only pay out if a strict set of health and safety guidelines are followed.

Scope, Budget and Schedule of Construction Projects

Construction Projects are defined by their scope, budget, and schedule.

Technorati Profile

For example, an Agency is to undertake a project to design and build a new maintenance facility for its fleet of buses (scope), at an estimate of $30 million (preliminary budget) over a three-year period of construction (schedule). The schedule specifies a defined beginning and end. Projects go through a life cycle of phases between their beginnings and ends that forconstruction projects are typically: initiation, planning, design, construction, commissioning, and closeout.