Presented at the Society of Construction Law 2019 Conference NZ Fundamentals of Construction Law – the project lifecycle
This paper discusses the basics of insurance and what it covers, how insurance responsibilities affect the parties’ risks and the potential cost of a project, and issues arising from the general conditions and how they are sometimes amended.
The paper uses the 2013 NZS suite (3910, 3916, and 3917) as the standard construction contracts, although the principles also apply to other standards such as NZS3915, the NZIA standard conditions of contract, FIDIC, NEC, and other international standards. The 2013 NZS suite was chosen as it accounts for approximately 2/3 of the contracts that Marsh reviews for our clients.
Publication year
2019