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IRMI Issues 2nd Edition of Design-Build Risk and Insurance Book

Release Date: Mar 21, 2006

Release Date: March 22, 2006
Contact: Contact Us

DALLAS—International Risk Management Institute, Inc. (IRMI), is pleased to announce a second edition of its book Design-Build Risk and Insurance, which explains how to avoid pitfalls in design-build construction through appropriate coverage and superior risk management.

With the growing popularity of design-build, it is becoming more and more important to understand the advantages and disadvantages of this construction delivery method. Although design-build offers many advantages, including a central point of control and responsibility, fast-tracking opportunities, and ability to obtain design options from multiple design professionals, it also creates new risk for participants.

"Design-build projects present a myriad of new risks,” said Ann Hickman, contributing author and editor of the book. "Contractors who act as design-builders must be on top of issues such as design liability, performance guarantees, professional licensing requirements, ownership of design documents, and a variety of other risks that they do not typically face in traditional construction. Failure to recognize and plan for these risks can be devastating to a contractor.”

Design-Build Risk and Insurance, 2nd ed., includes nine chapters that cover a variety of topics, including introduction to design-build construction, risk identification, contractual risk transfer, caselaw in design-build claims, coverage for design-build risks in standard policies, architects and engineers E&O insurance, contractors professional liability insurance, project-specific professional liability insurance, and surety in design-build.

Additionally, Design-Build Risk and Insurance, 2nd ed., is being used as the text for an online continuing education course within the Construction Risk and Insurance Specialist (CRIS) educational program. Completers of the CRIS course can receive insurance CE credit as well as CRIS reaccreditation credit.

Design-Build Risk and Insurance, 2nd ed., is being offered by IRMI in print format for $52 and through IRMI Online starting at $26 for a single seat. For more information about the book visit www.IRMI.com/products or call 800–827–4242 (or in Dallas, 972–960–7693). For more information about the CRIS course, visit www.irmi.com/sf/insurance-continuing-education/cris.

 

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