Construction Insurance and UK Construction Contracts

Page 242


Property insurance (under higher tier property documents)


15.1 Above the relationship between client and its builder/contractor and design team are the relationships that allow the development projects to be commissioned and funded. The general contractual relationship between a developer, a funding institution, a tenant and the developer’s design team and main contractor can be seen diagramatically in Appendix 3. Although this diagram may initially seem complicated, the relationships reflect normal “day-to-day” contractual relationships between the main players, and in reality they only reflect the network of contractual duties and liabilities owed in a typical UK building project, involving a funding institution, typically a bank or consortium of banks, or pension fund, insurance fund, equity fund, a property developer, and a tenant or tenants.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2024 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.