Starting works on a construction site is the culmination of a long process of contract negotiation between the parties. The EIB team is involved from the stage of negotiating terms of a contract which relate, among others, to rules of risk sharing between an investor and contractor. We help in defining requirements to be met by a contractor, including financial collateral and insurance contracts.
After identifying risks specific to the type of a contract, also associated with the environment in which it is implemented and taking into account agreed risk sharing between the parties to the contract, EIB proposes construction and assembly insurance arrangements which are optimal both in terms of coverage and cost.
By entrusting investment-related insurance needs to EIB’s professionals, our Clients are sure that we have taken care of all the elements that ensure their success.