As distinct from engineering insurance, which began in England with the industrial revolution around the middle of the nineteenth century, the necessity to insure various aspects of a construction project during its period...
Thursday, August 2, 2012
Monday, July 30, 2012
Construction contracts
The simplest definition of a contract is ‘A promise enforceable by law’. A slightly more elaborate definition is ‘An agreement between two or more parties in which each party binds himself to do or forbear to do some act...
Interaction between insurance and law
Insurance developed and spread as a result of society’s needs and demands. Thus, as mentioned above, marine insurance was followed by life insurance and shortly afterwards in the seventeenth century by fire insurance. Since...
Thursday, July 19, 2012
Interaction Between Construction, Insurance and Law Part 2
rules pertaining to remuneration and failures.2 Five of these rules specified the standard required to be achieved in a building contract and prescribed penalties for those who had the misfortune not to comply with it. They...
Monday, July 16, 2012
Interaction Between Construction, Insurance and Law
As man organised himself in settlements around the world, law and order became a necessity to achieve a proper balance between the freedom of choice of the individual and the control of this freedom for the protection of...
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