TECHNICAL ARTICLES

Many factors causing increase in project duration and cost If you’ve been watching the news, you will know that the effects of many things that

MECON Insurance strives to create innovative solutions to help our insurance brokers better protect your clients, and Builders Advantage is the newest addition to the

When you take out an Annual Projects policy, it can be set up on a run-off or annual turnover basis. Usually depending on the type

Many factors present uncertain financial risks to contractors who are building in today’s environment. For example: supply chain delays, increasing material and labour costs, weather

With the recent COVID-related shutdowns of construction sites in NSW, four FAQs have arisen: Can builders claim for Extensions of Time (EoTs)? Can Liquidated Damages

Why do we use “market value”, how is it established and what are the potential issues? Firstly, some policies define market value as the cost

Until now, the Building and Construction Industry Security of Payment Act 1999 (NSW) only affected the commercial building sector. From 1 March 2021, owner occupiers

Two recent court cases where judgements have gone against the builder . The Owners – Strata Plan 66375 vs King [2018] NSWCA170 The Kings were

Much has already been written about: Australia’s Lacrosse fire London’s Grenfell fire; Polyethylene/aluminium composite cladding (“PE Cladding”); and The Government’s response. This article doesn’t address

When insuring existing structures which form part of a construction project, brokers risk exposing themselves to providing uninformed advice and thus a professional negligence claim.