The effect of not responding to a claim for payment under a construction contract and the consequences

HENRY HATHAWAY writes that construction companies need to revisit their payment procedures as payers now must respond to payee payment claims or applications for payment, or amounts claimed for could become payable in full regardless of the what of the actual application value is. This article concerns payment in construction and the recent development in […]

Irish Construction News, Latest, Opinion

Professional Indemnity insurance: When do you need it?

Requirement for Professional Indemnity insurance for construction companies explained. What you need to know… The current insurance market for PI or Professional Indemnity insurance for construction companies is changing rapidly. Very shortly PI is likely to become mandatory for all Construction Companies, writes David Lynch, Capital Cover Group. What is Professional Indemnity? Professional Indemnity insurance […]

Opinion

How to reduce construction insurance costs

What to do to minimize the impact of the hard insurance market Reduce construction insurance costs The signs would suggest that a hardening of the rates and an increase in premium for Employers’/Public Liability (EL/PL) insurance for the construction sector is on the cards and may be imminent. However, there are a few things that […]

Opinion