At GrECo’s Construction Practice we service contractors, engineers and suppliers based on cost-effective annual programs and comprehensive floaters, as well as open market insurance and reinsurance placements. Whether your operations are focused on domestic projects only or having projects and ex-pat staff abroad is your business model, we have the corresponding solutions with regards to insurances. Being versed in the relevant aspects of all common contract forms like FIDIC, NEC, ICC, VOB, ÖNORM and others we can assist in the discussion with partners in a joint venture, consortium or “Arbeitsgemeinschaft” just as with project owners and subcontractors alike with regards to risk allocation and insurability and draft create a suitable insurance solution.

Acronyms like EPC, DB and FIDIC as well as terms like Red Book, Yellow Book and Silver book are our daily business and the basis on which our insurance solutions are founded. We value our partnership with clients and navigate together with them through Private Partnerships, Early Contractor Involvement, Alliance Contracting or the fully-fledged Public-Private Partnership, which represent two points in a continuum of possible contract environments.

For project owners, we level the possible advantage the contracting side has by being more used to the project environment, preventing costly disputes, arbitration and legal quarrels in the course of the project realization.