Research Article
Sep 1980
Coordinated Insurance for Major Construction Projects
Publication: Journal of the Construction Division
Volume 106, Issue 3
Abstract
Major construction projects normally contain major risks for all the parties involved; purchase of insurance often provides a shifting and reduction of risk. In many major construction endeavors the owner elects by developing a Coordinated Insurance Program to purchase some or all of the insurance for the other participants. Decisions concerning this program include the basic decision to establish such a program and the specific decisions of what form the program should take. The first basic decision is often made by the owner's in-house forces by evaluating a checklist of pros and cons. Specific program definition requires a thorough risk analysis of premium costs, absorbed losses, and impacts on incentives to perform.
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Published In
Journal of the Construction Division
Volume 106 • Issue 3 • September 1980
Pages: 307 - 313
Copyright
© 1980 American Society of Civil Engineers.
History
Published in print: Sep 1980
Published online: Feb 11, 2021
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Authors
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David B. Ashley, AM.ASCE
Asst. Prof., Construction Engrg. and Project Management Program, Dept. of Civ. Engrg., Massachusetts Inst. of Tech., Cambridge, Mass.
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.