China’s Engineering Undertaking And Engineering Insurance System

Construction projects because of its long life cycle, large-scale production of complex determine the universality of the risk. Various stages of the project from construction projects, feasibility studies to engineering design and construction are based on predictions for the future on the basis of relying on management and organizational techniques to judgment. But in the actual process of building project management, any factors that may change, changes in certain factors often lead to difficult to achieve the target. This relates to the risk management of construction projects. At present, China’s main means of reducing the risk of loss of these two rely on engineering Guarantee and Insurance. Engineering of China Guarantee and insurance market phenomena and data, the imperfect development of these two engineering support system to retain a part of the problems to be solved.This paper first describes the origin and course of development of engineering Guarantee and Insurance in the foreign connotation of its security, the security mode, the credit rating system and the promotion of engineering insurance, the types and premiums to determine the guarantee are China’s engineering and engineering insurance system should learn from.Combined with some examples of our project guarantees and engineering insurance market and statistical data analysis, mining of the current problems and put forward a sound proposal. In engineering undertaking, the measures proposed to enhance owners’payment guarantee binding the dominant position of the balance of the construction project to solve the problem of the owners money payment guarantee effectiveness is limited; governance and industry oversight of government departments, the establishment of the guarantor rating system to regulate the project guarantee turmoil in the markets; remedial works are guaranteed legal order to solve the contradiction of legal requirements and engineering practice to improve our project guarantees legal defects. In the engineering insurance, it is recommended that the construction project the main level of risk management and implementation of a mandatory promotion to the development of engineering insurance can not keep up the construction pace of development; take the corporate training and universities to develop joint, qualifying examination and other means to solve the construction project insurance lack of personnel in the ranks; to reduce the polarization of the insurance intermediary market by fostering small and medium-sized engineering insurance intermediaries and recommended, consultation commissioned by the assessors to ensure the impartial status of Assessors.