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CONSTRUCTION

For contractors, managing risk effectively can mean higher profits, lower operating costs, and capital that works harder … and smarter. As part of your advisory team, Marsh can show you how.

2,500+ construction clients… 350+ active projects with US$100+ billion in total value… 1,000 construction experts

While the construction industry has rebounded from the financial crisis, margins have generally remained tight. As a result, some firms are seeking new sources of revenue and profitability. Meanwhile, a shortage of skilled labor and risk of subcontractor default are concerns, adding more uncertainty to the mix.

Marsh helps you assess risks and opportunities and uncover ways to use working capital more efficiently. We measure your firm’s appetite for risk, recommend solutions that meet your needs, and take your program to market knowing the best markets for the best structure and pricing.

Our brokers combine deep construction industry expertise with our industry-leading analytics and predictive modeling engines to determine which risks to retain or transfer to make optimal risk-finance decisions, and then implement cost-effective solutions.

We take a fresh look at your risks, help you see around corners, consider all options, and work with you to make informed decisions on how best to protect and deploy capital and resources.

We always look to the bottom-line outcome for a better risk.  Our objective is to lower costs, which translates into enhanced margins and a stronger balance sheet.

Large General Contractors

Large general contracting firms are especially vulnerable to multiple risk challenges, including subcontractor default and claims management, job-site safety, surety credit and contingent capital, and in-house design liability.

Serving nearly 300 large general contractors worldwide, Marsh can help you manage those risks by providing the following services:

  • Subcontractor default insurance (SDI) claims consulting.
  • SubSecure financial benchmarking.
  • Claims advocacy.
  • Claims inventory workout.
  • Contract surety.
Project Service Providers

For contractors and construction companies that provide services for project owners, subcontractor default and claims, job-site safety, surety credit and contingent capital, and in-house design liability lead the list of risk-management challenges.

Marsh can help you manage those risks by providing the following services:

  • Risk alignment and insurance purchase strategy for owners.
  • Project-specific risk alignment and insurance strategy.
  • Construction insurance purchasing.
  • Subcontractor default insurance (SDI) claims consulting.
  • SubSecure financial benchmarking.
  • Claims advocacy.
  • Claims inventory workout.
  • Contract surety.
Large Engineering and Construction Firms and Construction Managers

Every day, large engineering and construction (E&C) firms, global contractors, national homebuilders, and construction managers face numerous risk issues. Among them: subcontractor default and claims, job-site safety, surety credit and contingent capital, and potential liabilities related to in-house design services.

Serving nearly 250 clients in the sector worldwide, Marsh can help you manage those issues by providing the following services:

  • Subcontractor default insurance (SDI) claims consulting.
  • SubSecure financial benchmarking.
  • Claims advocacy.
  • Claims inventory workout.
  • Contract surety.