|Function||Fiscal Strategy and Economics||Subject||Fiscal Strategy|
Construction insurance can either be a contractual requirement of the contractor or arranged by the client as Principal Arranged Insurance (PAI). The majority of major capital works projects being carried out in Australia today are undertaken on a PAI basis.
NSW is currently undertaking a number of large government capital works projects. To provide cost savings on these and other government capital works projects:
The steps agencies need to take and by when, and the project information agencies need to provide to icare will depend on the value of the project.