Introduction to JCT Insurances, Bonds and Collateral Warranties
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The aim of this course is to provide an overview of the principles and application of the various types of insurance and other protection devices commonly encountered in JCT construction contracts.
After studying this course, you should be able to:
1. Identify the various types of insurance and other protection devices commonly included in JCT construction contracts.
2. Define and explain the major differences between insurance policies, bonds, guarantees and collateral warranties.
3. Explain in detail the insurance requirements of the JCT Standard Building Contract (SBC).
4. Identify the different types of collateral warranty documents used across the JCT suite.