• Project Management
• Program Management
• Owner Representation
• Design/Build
• General Contracting
• Risk Control
Konrath: Risk Control
• Defining Risks
• Owner Controlled Insurance Program
• OCIP Benefits
Defining Risks
One of Konrath’s most important responsibilities is controlling
the potential risk owners face on a construction project. These risks
involve costs, scheduling, safety and quality. Because we maintain
open, honest communication and pay strict attention to details, we are
able to prevent cost overruns and find many unique and creative areas
for savings. Our experience in construction allows us to introduce
scheduling efficiencies that other managers might overlook. In the end,
detailed attention to cost, scheduling and safety contribute to the
overall quality of the project. Delivering that quality on time and on
budget is our ultimate goal.
Owner Controlled Insurance Program
As an added service, Konrath can provide administration of a
comprehensive Owner Controlled Insurance Program (OCIP) and
site-specific safety program for large projects. Through an OCIP, the
owner purchases the project insurance, including workers’
compensation, general liability, excess liability and builders’
risk for the project, in lieu of contractors and subcontractors
providing this insurance. Through our comprehensive management, we
provide a coordinated master insurance program along with safety and
claims management for every contractor working on the site.
OCIP Benefits
The benefits of Konrath’s Owner Controlled Insurance Program include:
- Financial - possible savings of approximately 1-1.5 % of the cost of the work versus traditional insurance programs
- Coverage -
higher limits of insurance protection than would typically be provided
by individual contractors. Insurance is purchased at “volume
discount” rates, with a four-year term of coverage following
project completion versus the usual one year provided by
contractor’s insurance. OCIPs allow coverage for small or M/W/DBE
contractors who otherwise might not have adequate insurance protection.
- Safety Management - central coordination and administration of safety programs resulting in reduced injuries and claims.
- Expert Claims Management - leads to lower costs per claim.
