Wednesday 28 September 2011

World Leaders on the Future of Libyan Contracts

There has been a lot of talk about what will happen after the full liberation of Libya and the re-structure of the country, and who will be awarded contracts clearly with building, engineers and water structures, airport and oil refinery's will be key to getting a full working solution for Libya. this will need skills from both inside and outside Libya from professions such as architects engineers surveyors, specialist management consultants and project managers.

They will all need to carefully consider any contractual agreements, including issue in respect to contractual liability, Professional Indemnity Insurance and Public Liability along with Legal Protection and under most Jurisdiction they would be expecting these contractors to work under with such a young Libyan Government Council in place and Gaddafi still at large, it makes it very difficult for the re-structuring and awarding of contracts for these professions that may well have some worldwide cover for Professional Indemnity, and general Liability. But may well have a problem with their insurance companies extending cover to a country still at war.

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