Industry Initiatives

The Strategic Forum for Construction (SFfC) chaired by Sir John Egan created “Rethinking Construction” in the mid-1990s. This report challenged the construction industry to commit itself to change so that a modern industry could be created.

“Accelerating Change”, an extension of that programme, is evidence of the ability of the industry to come together and agree a strategic framework for action. It builds on and reaffirms the principles set out in “Rethinking Construction”

Within “Rethinking Construction” one of the SFfC’s recommendations was:-

"Integrated teams enable risk management issues to be fully addressed by the whole team in an open and transparent manner. Insurance is an aspect of risk management. Project Insurance products should be made available to underwrite the whole team to facilitate integrated working….. "

Tysers have formed a joint venture with Griffiths & Armour to deliver these recommendations and as members of the “Project Insurance Product Team” are currently collaborating with the construction and insurance industries and the Office of Government Commerce (OGC) to create an “Integrated Project Insurance” Policy in which the client, any funder and all members of the integrated project team will be beneficiaries.

The initiative will be trialled with a range of projects brought forward by Government construction clients. If successful, it is intended to roll the product out to the private sector as soon as possible thereafter.