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Chapter

PROPERTY DAMAGE POLICIES

Chapter

PROPERTY DAMAGE POLICIES

DOI link for PROPERTY DAMAGE POLICIES

PROPERTY DAMAGE POLICIES book

PROPERTY DAMAGE POLICIES

DOI link for PROPERTY DAMAGE POLICIES

PROPERTY DAMAGE POLICIES book

ByRoger ter Haar, Anna Laney, Marshall Levine
BookConstruction Insurance and UK Construction Contracts

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Edition 3rd Edition
First Published 2016
Imprint Informa Law from Routledge
Pages 17
eBook ISBN 9781315712857

ABSTRACT

The Major Project Form (MP) was introduced by the Joint Contracts Tribunal (JCT) in June 2003 and represented a sea change in approach from the standard form contracts that had gone before. As with the other JCT families, this contract was updated in 2005 (MP05) and again in 2011 (MP11), which is the version that this chapter addresses. MP11 is aimed at employers who have their own in-house contractual procedures and at the contractors with whom they work. As a result, the MP11 provides a framework within which the parties define their obligations, as opposed to the historic approach of parties heavily amending one of the other standard form contracts. The guidance that accompanies MP11 expressly states that the employer should consult insurance advisers prior to the issue of tender documents, with insurance representatives of both parties jointly reviewing the insurance provisions before the contract is executed.

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