October 07, 2016
Insurance is one of the tools most often used to manage risk in connection with construction projects. In determining insurance requirements for construction contracts, it is important to identify the risks associated with the project and make sure that the policy terms and limits are adequate to cover any potential losses.
Most common types of construction insurance policies include:
Commercial General Liability Policy
This is the most common...
July 08, 2016
The Building Act is a new legislation that was passed last year in spring 2015 and is British Columbia’s first act dedicated just to building and construction – it’s designed to modernize and streamline the building regulatory system.
(Read original post: B.C. Introduces New Building Act & Guide – Spring 2015)
As of spring 2016, there will be three new sections added to the Building Act Guide, and will provide...
April 18, 2016
A new study conducted by GLOBE Advisors, a boutique sustainability consulting firm in Vancouver, and released by the Concrete Council of Canada, reveals a substantial gap in the risks and insurance rates between wood frame and concrete mid-rise (six-story) residential buildings. The cost of insurance for a wood frame building is 6 times greater than that of concrete buildings.
The study looked at a particular emphasis on the risk...
March 24, 2016
It is widely acknowledged that innovation in the construction industry is long overdue.
The construction sector is one of the few hold-out industries to remain significantly unaffected by the emergence of transformative new technologies. This makes the sector ripe for the picking in the eyes of the heavyweight tech giants such as Google, Apple, or Amazon.
The last disruptive innovation in the building and construction industry happened in 1883...
February 01, 2016
Bill 35 received Royal Assent on November 17th, 2015 and contains a number of changes to Part 3 of the Workers Compensation Act.
Bill 35 builds on the legislative changes made under Bill 9 earlier in May 2015 that strengthened WorkSafeBC’s ability to promote and enforce occupational health and safety compliance in B.C. workplaces. (for more details read: Bill C-9 Workers Compensation Amendment Act 2015)
The changes introduced by Bill 35...
January 14, 2016
In traditional project delivery (design-bid-build), an architect or engineer provides design services while the actual construction or implementation of the design is carried out by the contractor. In this scenario, the potential liabilities facing the design professional and contractor would be well defined.
However, over the past few decades this traditional method has changed as the complexity of projects increase. Project owners are...