Professional Indemnity Insurance is a risk shifting mechanism popular among the service providers including the delivery of construction related services. One of the guiding principles used for structuring an insurance policy is to ensure adequate indemnity. This research is to appraise various dimensions of Professional Indemnity Insurance (PII) related to the quantity surveying profession with particular emphasis on the Sri Lankan context. A comprehensive literature survey was carried out to recognize the liabilities that inspire policy requirements. A desk review was carried out to identify the deficiencies of the existing PII policies. 15 individual practitioners selected purposively were interviewed to gauge their perception and experience. All responses were considered valid for analysis. A discourse analysis was carried out to understand the themes and patterns in the context under study and draw conclusions. It was found that PII for the QS profession is at its embryonic stage. The study suggests that the uptake of enhanced policies would indeed help in fostering a fully-fledged insurance mechanism for quantity surveyors that is capable of accommodating the rapidly changing and newly added dimensions in the quantity surveying profession. Keywords: Professional indemnity insurance, Quantity surveyor, Professional liabilities, Insurance policy
Given the uniqueness, complexity and the presence of multiple parties, disputes are inevitable in construction projects. None of the alternative means of dispute resolution easily offer a platform for amicable settlement; instead a third party is given a considerable stake in managing the whole process and making judgments, the result of which is often being in either favor or against a disputed party. This article evaluates the potential of the employer and contractor, often being the main protagonists, to settle their disputes internally within the existing system they reside. A sample size of 15 in each group was involved in this empirical study. A Mann Whiney U test revealed that the disputants prefer a consensual approach by internalizing their disputes so that a third-party intervention is not necessarily indispensable. A model on dispute process based on the theory of systems is identified and proposed for further research. Keywords: Adjudication, Amicable settlement, Arbitration, Disputes, Mediation
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