The “common denominator” of all urban renewal plans
There are basically three common denominators of all urban renewal projects:
All of them involve working on existing buildings: demolition and rebuilding or modernisation, reinforcement or extension works.
All of these projects involve coordinating plans with existing residents. Sometimes these works are carried out in buildings which continue to be inhabited during the works and sometimes the residents are offered alternative accommodation until the project is completed.
In general terms, most of these projects involve construction in dense built-up areas and hence create specific risks arising from such works.
All such urban renewal projects, especially those involving work on buildings which continue to be inhabited during the construction, need specially tailored Contractors All Risks policies rather than standard policies for regular construction projects.
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